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Wisconsin Credit Union Foundation Grants Program
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
Application cycle May 15 - June 30. Notification by July
2014 Credit Union Development Grant Recipients,
which defray operational costs that stand in the way of serving members.
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$2,750 grant to help replace five outdated computers that are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 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
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
$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
$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
2013 REAL Solutions® Initiative Grant
Park City Credit Union
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
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
What is your credit union working on to improve financial literacy
among members and within the community? Share your efforts with