‘MARLBOROUGH, Mass. — The Cooperative Credit Union Association (CCUA) has introduced a new source of funding it said is dedicated exclusively to helping its small credit unions improve services to their members.
According to the CCUA, through its Small Credit Union Assistance Program, all federal and state chartered CCUA-member credit unions of $100 million-or-less in assets are eligible to apply for grant monies to support their operational needs.
The grants, up to $2,000 each, may be utilized for operations, technology and security upgrades, in addition to helping a credit union engage emerging and underrepresented markets, including youth, older Americans, immigrant populations, and people of low or modest means, according to the association.
CCUA reported it is funding its Small Credit Union Assistance Program through the support of its own member credit unions, complimented by the program’s principal sponsors, CUNA Mutual Group and MemberClose.
‘Commitment’ of Support
“CCUA is proud to launch our new grant assistance program which represents the association’s commitment to support our low-asset credit unions and provide them greater opportunities to serve their members,” noted CCUA President/CEO Ron McLean. “A huge thank you to the many CCUA member credit unions, CUNA Mutual Group and MemberClose for their leadership by financially supporting this very important initiative.”
To be considered for a grant, CCUA said a credit union must complete an application, which it will evaluate based on the credit union's financial need and how the funds will be utilized.
CCUA’s Small Credit Union Assistance Program currently has $75,000 available for distribution.
The Very Best in CU Reporting. For You. For Free
Don’t forget to check your Spam/Junk email folder if you haven’t been receiving your free, popular and daily CUToday.info news headlines.
And if you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time.
CUToday.info has received very positive response from readers following the move to an improved provider of the daily headlines, but many also noted they did need to go to their Spam/Junk folder and mark it as safe.
The new email solution has not only improved every reader’s delivery experience, but it also features a fresh, new format that is easy to read, especially on mobile devices.
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.