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Credit Union Development Grant

Overview

Wisconsin credit unions in need of support for technology and operations related expenses and upgrades that will measurably assist the credit union in serving its members are encouraged to apply for this grant. Preference given to credit unions under $50 million in assets. The current financial position of a credit union will be considered as well.


Grant Cycle 

Applications are accepted May 15 - June 30 annually. Winners are notified by July 31. 

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.

Eligibility and Guidelines 

Eligible Project Scopes: The Wisconsin Credit Union Foundation Credit Union Development Grants are available to help credit unions with a variety of programs including but not limited to: 

  • Technology 
  • Security Upgrade & Improvements 
  • Marketing 
  • Asset / Liability Management 
  • Strategic Planning 
  • Customized Training Opportunities 
  • Consulting Services 
  • Operations

Other Requirements:

  • Projects must have clearly defined, measurable and achievable goals and objectives.
  • Projects must be accompanied by a project budget and any other pertinent supporting documentation.
  • Recipient credit union must use the grant solely for the purpose stated on the application.
  • The Foundation reserves the right to withhold and/or recover grant funds in the event the funds are misused
  • No more than one grant per year, per credit union.
  • Grant recipients must provide The Foundation within 30 days after the end of the grant period a final written report detailing how the grant funds were used and what was accomplished with the funds. 
  • Grants will be awarded based on the number and nature of the grant requests and The Foundation's budget.

Contact

Josh Roberts at (608) 640-4065.



Past Credit Union Development Grant Recipients


2020

1st Class Express Credit Union

$9,600; for the installation of a drive-thru window.

Avestar Credit Union

$10,000; to fund the purchase of upgraded computers and an updated website.

Compassionate Care Credit Union

$5,000; to defray the costs of upgrading the credit union’s core processing system.

La Crosse-Burlington Credit Union

$2,000; to help with the purchase of acrylic safety shields and security camera covers.

Lakewood Credit Union

$2,500; to help fund the credit union’s back office support systems upgrade.

M.E. Employees Credit Union

$5,000; to help fund the credit union’s debit card conversion.

Oshkosh Postal Employees Credit Union

$9,200; to defray the costs of upgrading the credit union’s computers, printers, and phone system.

  

2019

Badger-Globe Credit Union

Received a $7,638 for the setup fee for implementation of managed IT services

Greater Galilee Baptist Credit Union

Received a $4,331 to upgrade and replace outdated credit union office equipment and computer software

Holy Family Memorial Credit Union

Received a $8,000 to convert ATM/Debit card processing from First Data to Shazam

La Crosse Burlington Credit Union

Received a $5,000 for mass reissue of chip enabled debit cards, LED lights, security camera, and shredding service

Lakewood Credit Union

Received a $6,000 to create a website and add online banking and debit cards for members

M.E. Employees Credit Union

Received a $7,500 for the continuation of upgrades to member products and services

Wisconsin Latvian Credit Union

Received a $1,500 to replace two outdated computers and one laser printer

 

2018

First Choice Credit Union

Received a $6,229.78 grant to help upgrade its phone system

Hayward Community Credit Union

Received a $4,000 grant to aid in its teller area/lobby expansion

La Crosse Burlington Credit Union

Received a $4,000 grant for various operational upgrades

M.E. Employees Credit Union

Received a $8,000 grant to upgrade member services/products and technology

Oshkosh Postal Employees Credit Union

Received a $1,838 grant for document/equipment destruction

Peoples Choice Credit Union

Received a $4,000 grant to help provide a mobile app and remote deposit capture

Schneider Community Credit Union

Received a $4,800 grant to help upgrade online banking and web functionality

 

2017

Badger-Globe Credit Union

Received a $5,000 grant to assist with mobile banking start-up costs.

La Crosse Burlington Credit Union

Received a $2,000 grant for various operational projects.

Northern Paper Mills Credit Union

Received a $2,000 grant to purchase new computer equipment.

Oshkosh Community Credit Union 

Received a $5,000 grant to convert from batch to online ATM processing.

Sheboygan Area Credit Union

Received a $5,000 grant to assist in their purchase of a new phone system.

Southern Lakes Credit Union

Received a $5,000 grant to help fund their quest to become a shared branching acquirer. 

 

2016

Kenosha City Employees Credit Union

Received a $3,500 grant to update software that will address compliance issues and meet technology requirements for the switch to Metro II for credit bureau reporting.

La Crosse Burlington Credit Union

Received a $5,000 grant for computers and other equipment. One of three new computers will be dedicated to critical systems that protect member information and the two other PCs update old systems for the back office and teller line. New exterior motion sensor lighting and new video cameras inside and outside will protect members and staff.

Oshkosh Postal Employees Credit Union

Received a $7,665 grant to issue new, more secure EMV debit cards to reduce its potential for fraud, keeping members safe and reducing losses that affect member service.

St. Agnes Employees Credit Union

Received a $2,009 grant to add an automated scoring system that will help reduce risk for opening accounts and help identify member needs that the credit union can address. New coin and bill counters will attract new members as well as meet a member demand. 

The Labor Credit Union

Received a $1,100 grants for a new laptop. The laptop will enable the sole employee to work out of multiple offices as well as improve the credit union's compliance for testing backups and restoring data.

 

2015

Oshkosh Truck Credit Union

Received an $8,000 grant to cover EMV upgrade costs, which improves data security for debit card transactions and reduces the potential for fraud.

Tri-County Credit Union

Received $5,000 toward the purchase of a check scanner, computer, monitor, printers and receipt printers, resolving check processing errors and confusing receipts for members.

 

2014

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

Received a $2,750 grant to help offset 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, eStatements, 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

Greater Galilee Baptist Credit Union

Used the grant to purchase two new computers, monitors, a printer, software and software-related license renewals.