Wisconsin Credit Union Foundation, Inc. Grants and Scholarships
The Wisconsin Credit Union Foundation, Inc. (the
“Foundation”) awards grants and scholarships in three
REAL Solutions® Initiatives
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.
Applications must be postmarked by the last day of each
grant cycle to be considered for funding during that cycle.
Applications received after the last day of each cycle will be held for
consideration in the next grant cycle.
2012 grant winners:
Blackhawk Community Credit Union in Janesville,
which is purchasing iPads to help implement web-based financial
curricula within the two high schools that house its in-school credit
union branches. As part of its effort, the credit union will train
its student tellers as Financial Literacy Student Ambassadors. They will
serve as role models and leaders providing peer-to-peer financial
literacy education. The credit union estimates it can reach as many as
540 students with education that emphasizes saving and wealth
building, improving creditworthiness and budgeting.
Park City Credit Union in Merrill, which is
offering a Credit Rebuilder Program to help members and non-members
improve their creditworthiness and improve budgeting skills to make
consistent loan payments. The grant will help fund advertising as well
as promotional and educational materials needed to offer the program, as
well as training for two employees to become certified credit counselors
(for a total of four at the credit union). Enrollees in the program will
pay down a secured loan with regular payments reported to the credit
bureaus to improve credit scores. Participants will have access to
online support materials and spend at least one hour with certified
staff to create a budget.
2011 grant winners:
Superior Choice Credit Union partnered with debt
counselors at a local nonprofit agency to enroll 53 members in their
Great Debt Pay Down program - similar to a savings challenge-in which
enrollees are encouraged to become debt-free and savings-rich.
Participants' average credit score is 685 with $23,508 in average
outstanding debt. So far, they've offered participants seminars on basic
budgeting and identity theft.
A webpage and blog are being developed. A grand prize is being
offered to the participant with the most improved financial position.
The credit union was honored by a local nonprofit agency for its
La Crosse Area Postal CU used workshops, brochures,
phone calls and other means to educate members on debit cards and debit
card fraud, internet banking, mortgages and insurance. The credit union
also deployed a youth survey and plan to launch a young adult newsletter
with information specifically for them. The funding is also helping the
credit union provide financial information through its website,
Facebook, an improved newsletter and a postcard series.
Star Credit Union’s "Stock Market Club,"
which educated teenagers from low socio-economic neighborhoods about
investing in the stock market and mutual funds.
Blackhawk Community Credit Union’s "Student Saver
Club," which educated high school students on the importance of
Professional Development Scholarship
The Foundation supports the professional
development and continued education of credit union staff and
volunteers. Two scholarships will be awarded; one to CUNA Management
School and the other for the National Credit Union Foundation’s
Development Education Program. Scholarships will be awarded on the
basis of need, the impact of the program on the credit union and the
applicant’s involvement in and commitment to the credit union
NCUF's Development Education
Program.Attendees who earn certification as Credit Union Development
Educators (CUDEs) learn to improve the lives of members and
communities by applying credit union philosophy in situations demanding
unique approaches to problem solving. Whether you’re new to the
movement or a seasoned professional, the DE program has something for
everyone. For young professionals it can be the eye-opening experience
that leads to a decision to commit to a career with credit
2012: Chelsie Zima, St. Mary's & Affiliates Credit
2011: Dan Winters, Co-Operative Credit Union
2010: Carl Mundth, Badger Campus Credit Union
School. An intensive
management program that helps attendees learn and implement principles
that make them a more dynamic and effective manager and
Recipients: 2012: Dawn Johnson, VP of Operations/Compliance,
Riverwood-Maritime Credit Union
Nicole Christensen, Compliance Officer/Accounting Coordinator, Racine
Municipal Employees Credit Union
2011: Carl Mundth, President, Badger Campus Credit Union
2010: Todd Scholz, President & CEO, Enterprise Credit
Young Professional Development Scholarship
Program. The Foundation supports the professional
development and continued education of credit union young professionals.
To that end, the Foundation is pleased to provide a scholarship for a
credit union system program of the applicant’s choice based on the
guidelines listed below. Scholarships will be awarded on the basis of
need, the impact of the program on the credit union and the
applicant’s involvement in and commitment to the credit union
movement. Annual Application Deadline - October 31.Notification by November 15.
2012: Joshua Roberts, Enterprise Credit Union
Grants will be considered from time to time for emergency relief to
provide temporary support for credit unions that have experienced
natural disasters. Grants are available at a time of need to assist
credit unions, their members and communities following a catastrophic