The League Site
close
This preview gives you a sense of what the page will look like after it has been fused. Please bear in mind that forms will not work in this view, and hyperlinks and images may be broken.

 

Wisconsin Credit Union Foundation Grants Program

 

Grants

 

Credit Union Development. The Foundation provides grants for Wisconsin credit unions for technology and operations related expenses and upgrades that will measurably assist the credit union in serving its members. Our grant opportunities are open to all credit unions with a preference given to credit unions under $50 million in assets. The current financial position of a credit union will be considered as well.


Credit Union Development Grant Eligibility and Guidelines

Application cycle May 15 - June 30. Notification by July 31

 

2014 Credit Union Development Grant Recipients, which defray operational costs that stand in the way of serving members. They include:

  • Brokaw Credit Union received a $1,500 grant to help update its phone system. The change will eliminate members' need to hang up and place a new call in order to reach the credit unions' branch offices—an impediment to speedy loan approvals.

  • La Crosse Burlington Credit Union recieved a $2,750 grant to help offest expenses related to an ACH audit, training, a website upgrade, start-up costs for credit bureau reporting, IT assistance, new member marketing packets and office updates. The credit union aims to offer members an improved web experience, e-statements, online loan applications, credit reporting to help members looking to improve their scores and a more attractive lobby space.

  • Oshkosh Community Credit Union received a $1,500 grant to help upgrade in home banking software that includes mobile functionality for members. The update will allow members to make transfers, pay loans and apply for new loans.

  • Southshore Credit Union received a $2,750 grant to help replace five outdated computers that are insufficient to preserve vendor connectivity.

   
2013 Credit Union Development Grant Recipient:

 

  • Greater Galilee Baptist Credit Union used a grant to purchase two new computers, monitors, a printer, software and software-related license renewals.

 

The REAL Solutions® Initiative.  The Foundation will award grants to Wisconsin credit unions that have signed a letter of commitment to the REAL Solutions initiative. REAL Solutions is a statewide initiative to help real Wisconsinites build financially strong, self-supporting families and communities by offering innovative services and programs that: offer affordable alternatives to high-cost financial products and services; reduce dependency on predatory financial providers; increase financial literacy; improve personal financial management; encourage saving and wealth-building; build creditworthiness; provide an avenue to personal financial stability; and otherwise improve the financial and economic well-being of Wisconsin communities.


REAL Solutions® Initiative Grant Eligibility and Guidelines.

Application cycle May 15 - June 30. Notification by July 31.

      

2014 REAL Solutions® Initiative Grant Recipients, which help improve members' and communities' financial wellness. They include:

  • UnitedOne Credit Union received a $1,000 grant to help purchase a video camera and software for an online video education program. The effort will engage younger members in learning financial concepts and improve member engagement with the credit union via social media.

  • WESTconsin Credit Union received a $2,500 grant to help purchase iPads and offset other program costs for a financial education effort. The credit union is establishing a Family Financial Program that engages young people and their parents in financial learning with the help of a local Boys & Girls Club and university extension office. The goal is to set entire families on a sustainable financial plan. Children will learn financial concepts throughout the fall and engage in an online "reality" simulation in spring. Parents, who will receive financial training through the extension, will guide their children in spring as they apply their learning.

 

2013 REAL Solutions® Initiative Grant Recipients:
 

  • Park City Credit Union, Merrill. The credit union is using its grant to create marketing materials, purchase a domain name and micro-site, train staff and distribute informational materials to small businesses. The goal is to offer credit union access to entrepreneurs that struggle to access needed business banking services and who are being needlessly gouged for some of the most commonly-used services such as business checking. Radio ads, billboards, printed materials will encourage small companies to improve their financial position by taking advantage of member-ownership in a financial cooperative. 

  • STAR Credit Union, Madison. The credit union, which serves young members of the Boys & Girls Club of Dane County, will develop a new website that will better engage its young members, age 7 through high school, in online financial learning and problem solving. The more interactive site aims not only to impart money matters that aren't taught at home – many of the parents of these young members are themselves underbanked or unbanked – but also to encourage return traffic to the credit union to incent continued regular saving. A new laptop computer will also improve the outreach of STAR to more Boys and Girls Clubs to add member accounts and encourage increased account balances, in part through young member testimonials.

What is your credit union working on to improve financial literacy among members and within the community? Share your efforts with us!