ST. PAUL, MN (September 16, 2013) -- The Minnesota Credit Union Foundation is offering $10,000 in grants to assist Minnesota credit unions in implementing financial education projects. With its strong commitment to financial education, these grants are part of the Foundation’s mission to provide resources for credit unions and communities to prosper and thrive.
Minnesota credit unions can apply for grants through Tuesday, Oct. 1 to augment their financial education efforts.
“Minnesota credit unions are doing amazing things to teach the basics of personal finance to their members and to members of the community, young and old,” said Pat Brekken, Chair of the Minnesota Credit Union Foundation. “The Foundation is proud to support these efforts.”
Beginning in 2013, the Minnesota Credit Union Foundation has committed 50 percent of its annual budget to financial education grants, with two application periods per year – spring and fall. The Foundation Board of Directors will evaluate applications based on a variety of factors, including credit union value, community impact, collaboration, creativity.
Examples of financial education projects/initiatives include:
- establishing an in-school branch;
- partnering with a community organization to teach personal finance skills;
- teaching financial literacy classes in local schools;
- creating a Credit Union Youth Advisory Board that incorporates various learning components;
- hosting seminars on credit, debt, budgeting, etc.;
- coordinating retirement or estate planning workshops;
- offering youth checking or credit card products with required learning benchmarks;
- providing services to high-risk members, coupled with education classes; or
- supplying local schools with financial education curriculum.
For full details and application forms, visit the Financial Education Grants page (http://mncufoundation.org/grant-programs/financial-education-grants) of the Foundation website.
Dedicated to providing the resources for credit unions and communities to prosper and thrive, the Minnesota Credit Union Foundation is a nonprofit organization founded in 1969 to serve as a charitable arm of the Minnesota credit union movement. For more information, visit www.mncufoundation.org.