Image Image

Image

 

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

 

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.


      2013 REAL Solutions® Initiative Grant Recipients:

  • 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.

  • 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. 


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

 

      2012 REAL Solutions® Initiative Grant Recipients:

  • 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 REAL Solutions® Initiative Grant Recipients:

  • 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 financial advocacy.

 

  • 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 saving.

©2005 Wisconsin Credit Union League. All rights reserved.
Site powered by iMIS.