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News Now

CU System
Cornerstone Foundation Announces Grants
FARMERS BRANCH, Texas (11/26/13)--The Cornerstone Credit Union Foundation announced Monday that it's donating $88,856 to financial education, professional development and disaster relief (Leaguer Nov. 25).
 
Some of the awards were approved by the foundation's committee for the first time earlier this month.
 
Designed, in the words of the foundation, "to empower individuals with their financial well-being," the grants include:
  • Five financial literacy grants worth $5,850;
  • Nine general grants worth $21,006; and
  • Fifteen phase 2 disaster relief grants for victims of Oklahoma tornadoes, worth $62,000.
"Besides the Phase 2 grants, the stand-out grant from this meeting was the grant for CCCS of Central Oklahoma," foundation Executive Director Courtney Moran said, referring to the Consumer Credit Counseling Service of Central Oklahoma. The grant will cover the credit counseling service's first month and setup fees, which total $75 in savings per credit union member.
 
The foundation is the charity arm of the Cornerstone Credit Union League, which serves credit unions in Texas, Oklahoma and Arkansas.


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