May 30, 2013
Albany, N.Y. – The New York Credit Union Foundation (NYCUF) announced that it has awarded $55,824 in grants to New York credit unions and credit union professionals in the last grant cycle, which ran from January to May 2013. Grant categories included: Professional Development, Financial Fitness and Smart Money.
The Foundation awarded 45 Professional Development grants totaling $25,559 to employees and volunteers from 29 credit unions in New York State. Applications for Professional Development grants are accepted by NYCUF year-round on a rolling basis.
Twelve Financial Fitness grants totaling $23,374 were awarded to credit unions for funding member service initiatives like technology purchases/improvements, marketing initiatives and new product offerings.
Four Smart Money grants totaling $6,891 were awarded to credit unions for funding financial literacy workshops, events and summer programs.
"Every year, we are pleased to be able to help New York credit unions through our grant programs," said Allison Barna, director of NYCUF/Community Development. "These grant funds enable credit unions to invest in technology enhancements, marketing initiatives and educational opportunities that benefit their members and their communities."
All federal and state-chartered credit unions located in New York State are eligible to apply for NYCUF grants. Applicants must demonstrate financial need as a requirement for any program. In addition, Smart Money applicants must be able to define anticipated program outcomes. The total amount of a grant award will vary for members and non-members of the Credit Union Association of New York.
For more information about NYCUF's grant programs, visit the NYCUF website.
April 11, 2013
Albany, N.Y. – The New York Credit Union Foundation is pleased to announce the winners of the 2013 statewide Desjardins Youth Financial Education Award, which honors credit unions that demonstrate a significant commitment to youth financial education.
First-place winners of the 2013 Desjardins Youth Financial Education Award include: Clarence Community & Schools FCU, CORE FCU and Teachers FCU. These credit unions will advance to the National Credit Union Foundation's national competition this fall.
Clarence Community & Schools FCU (Clarence) was selected in the asset category of less than $50 million. In 2012, the credit union continued offering a Youth $avings Program in all six Clarence district schools, providing more than 5,000 students with an opportunity to open and maintain a savings account. Credit union staff also delivered financial education presentations in local schools and collaborated with numerous community organizations to promote youth financial literacy. Most recently, Clarence Community & Schools FCU developed and sponsored the National Academy of Finance program, which enables Clarence High School students to intern at the credit union's high school branch and main office.
CORE FCU (Syracuse) was selected in the asset category of $50 million-$150 million. The credit union reached more than 1,000 students last year through its student financial literacy program and in-school branch/banking days. Using a "students as educators" model, credit union staff trained high-school students to deliver financial literacy presentations and "Reality Check" events to their peers and younger students. CORE FCU staff also delivered numerous financial literacy presentations themselves, with one staff member providing business classes with personal finance training three days each week. The credit union also continued working with the ESM school district, local parents, educators and community leaders to build awareness about the importance of financial literacy.
Teachers FCU (Hauppauge) was selected in the asset category of more than $500 million. In 2012, the credit union offered "Bank-at-School" programs within seven Suffolk County school districts, providing students with access to savings accounts and the opportunity to assist as interns. Credit union staff also delivered youth training on key financial skills, from financial workshops like Money & Me to credit-building sessions. Additionally, the credit union sponsored two free National Endowment for Financial Education (NEFE) training sessions for educators in Nassau and Suffolk counties, equipping them with skills to build financial literacy in the classroom.
NYCUF also selected Buffalo Metropolitan FCU as a second-place winner in the asset category of 50 million-$150 million.
These credit unions will be honored June 15 at the Credit Union Association of New York's Annual Meeting & Convention.