The Cornerstone Credit Union Foundation’s Grants Committee, which meets three times a year to approve grants for financial education programs and chapter and professional development, approved 33 grants totaling $45,750 during the second funding cycle.
GreenPath, Inc., a non-profit debt solutions company with various locations in Texas, was among the many grant recipients. According to Sara Gilbert, GreenPath’s community engagement liaison, “This grant from Cornerstone will allow GreenPath to support four day-long Financial Wellness events sponsored by four Texas credit unions in partnership and on site at their select employer group. This new programming model will offer confidential on-site certified counselor financial sessions for [SEG] employees, as well as an opportunity to attend a Financial Education Live webinar. We are excited to offer this new service that is hoped to enhance the relationships of the credit union and their SEG's with the help of the Cornerstone Foundation."
While this grant will serve as a pilot project among four Texas-area credit unions and GreenPath, David Rodriguez with Generations FCU began a partnership with GreenPath over a year ago. Rodriguez states, “Our partnership has been nothing but positive. They have a great team of staff who work in the background to ensure the programs and services they provide are qualitative for our members and staff. Feedback from members who have shared their experience has mimicked the same."
Rodriguez goes on to say, "Over $100,000 of secured and unsecured debt is being managed by GP, which means those members will pay their debts in full while providing the relief they need and the assurance that their credit will not be destroyed. For our credit union, that means those loan debts owed will not default and impact our membership and CU as a whole. I would highly recommend GP, and feel they are a phenomenal organization that extends the movement's philosophy of people helping people.”
Foundation Grants Manager Emily Moreno said, “The Foundation hopes to expand this program to other credit unions in the future. Credit unions are continually looking for ways to strengthen relationships with SEGs and alternative ways to deliver financial education. We feel this program has the potential to provide a true win-win partnership.”
In addition to the grant given to GreenPath, Inc., the Foundation awarded:
- Six grants for financial education initiatives, which include Junior Achievement, Majestic Money Management, Texas Council on Economics Education, and CCCS of Central Oklahoma;
- Two chapter grants for leadership training and a community outreach program; and
- Twenty-four training calendar grants to assist with credit union professional development.
The deadline to submit applications for the last 2015 cycle is Sept. 24. 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.
If you have questions, please contact Emily Moreno, grants manager, at 469-385-6483 or firstname.lastname@example.org.