In the first quarter of 2015, the Cornerstone Credit Union Foundation’s Grants Committee has approved 35 grants totaling more than $71,000 to support credit unions in their community outreach endeavors, financial literacy initiatives, and professional development of staff and volunteers.
According to Emily Moreno, grants manager for the Foundation, 24 of the grants awarded were for professional development and 11 were community outreach grants to support activities such as Junior Achievement, VITA Sites, and financial education partnerships.
The Foundation is proud to once again support the REAL Solutions program. Since its inception in 2008, REAL Solutions has proven to build member and consumer financial capability, which aligns well with the Foundation’s mission and vision.
“Financial literacy is so important today, with approximately 38 million Americans living paycheck to paycheck," REAL Solutions Director Paula Upchurch said. "For many families, the lack of financial education is a key contributor to their financial problems. That’s where grants from the Cornerstone Credit Union Foundation have made an enormous impact through the REAL Solutions initiative. Specifically, a grant from the Foundation has allowed the REAL Solutions program to partner with credit unions across the region to build programs for low- to moderate-income families."
Upchurch continues, "Thank you, Cornerstone Credit Union Foundation, for helping REAL Solutions make a vital difference in the lives of credit union members. We could not have provided the REAL Solutions programs without your generous support.”
In addition to the grants given to credit unions and organizations that partner with credit unions, one credit union chapter also received a grant this quarter. Carla Kelley with Angelina Federal Employees Credit Union is the secretary for Pineywoods Chapter of Credit Unions.
Kelley said, "On behalf of the Pineywoods Chapter, I would like to express our sincere gratitude to the Cornerstone Foundation for their generosity. With grant monies provided to our chapter, we have been enabled to engage speakers and purchase various educational tools to start facilitating Reality Fairs in our school districts. Without this funding, our small chapter would not have the luxury of affording such items. The Pineywoods Chapter consists of nine credit unions that form a common bond of People helping People."
Credit unions and chapters interested in learning more about the Foundation’s grants program, including guidelines, grant cycles, and applications, should visit www.cscuf.coop. The next grants deadline for applications is June 17.
If you have questions, please contact Emily Moreno, at (469) 385-6483 or email@example.com.