17 credit unions awarded grant funds to measure employee and member financial health
MADISON, WI (July 2, 2024) — The National Credit Union Foundation (the Foundation) has announced the selection of 17 credit unions, organized into two cohorts, to receive grant funding aimed at advancing insights into and support for the financial health of their employees and members.
Over recent years, the Foundation has been at the forefront of funding education and grants designed to elevate credit unions’ understanding and promotion of the financial well-being of both their employees and members.
The selected credit unions from across the United States will collectively share a grant pool totaling over $600,000. This funding will enable them to access industry-leading programs, data analysis, and consultations provided by Attune Insights and Coopera Consulting, two organizations renowned for their leadership in multicultural inclusion and financial health.
Successful applicants will utilize Coopera Consulting’s tools, including Ethnicity Segmentation Analysis for tracking membership demographics and the Organizational Equity Assessment (OEA). They will also collaborate with Attune Insights to measure the financial health of employees and members, gaining valuable data-driven insights.
Focused on credit unions with 10 or more employees and assets ranging from $300 million to $1 billion, this grant opportunity underscores the importance of understanding the roles of culture, race, and ethnicity in financial well-being.
“This opportunity not only enhances the ability of credit unions to understand the unique financial challenges facing their members, but also underscores their commitment to fostering an inclusive environment where everyone can thrive financially,” said Christine Hickey, the Foundation’s Financial Health Program Senior Manager.
The credit unions awarded grants are divided into two cohorts:
Cohort 1
- DoverPhila FCU
- Pelican State CU
- NuMark CU
- True Sky FCU
- CommonWealth Central CU
- La Capitol FCU
- Members First CU
Cohort 2
- SIU CU
- Topside FCU
- Mutual Security CU
- Co-op CU
- Five County CU
- Town and Country FCU
- Colorado CU
- Centric FCU
- Abilene Teachers FCU
- First Alliance Credit Union
The Foundation’s mission is to serve as the charitable arm of the U.S. credit union movement, catalyzing improvements in financial well-being through grants and programs. More information about the Foundation and additional grant opportunities can be found at ncuf.coop.
About The Foundation
The National Credit Union Foundation (the Foundation) is the charitable arm of the U.S. credit union movement and works as a catalyst to improve people’s financial lives through credit unions. Through grants and programs, the Foundation is strengthening financial well-being, igniting passion and instilling knowledge about the credit union difference, and uniting resources to help credit union people during disaster. Donations to the Foundation ultimately enable credit unions to help their members reach life-changing goals and achieve financial freedom.
