MERIDIAN, Idaho (5/18/10)--Capital Educators FCU, Meridian, Idaho, is offering a grant program that allows it to share its earnings and help benefit school-related activities in the community. The credit union introduced the program in 2008, and has awarded 37 CapEd grants for a total of $27,913, said Kathy Palumbo, vice president of marketing. The credit union picks three monthly winners from a pool of 30 to 40 grant applications each month based on need. The maximum grant amount is $750, and winners must account for how each dollar is spent, said the Idaho Business Review
(May 7). Palumbo told the newspaper that the credit union aims to ensure the winners are “people who have no other source [of funding].” The grants can be used to pay for materials, projects and field trips. Some of the grants have funded:
* Sixty copies of a book called “End Game,” which was used to teach English lessons on theme, foreshadowing and irony; * A greenhouse project; * A device to monitor the growth and wellness of fish in an aquarium; * A wireless listening center, which helped a teacher instruct a “split class.” In such a class, two groups can learn different subjects without disturbing each other because the wireless capability eliminates the necessity of being confined to one space; * Art supplies, including paint, yarn and chalk; and * A mobile science lab.
The credit union has $292 million in assets.