JEFFERSON, Mo. (1/2/09)--The Missouri Credit Union Charitable Foundation board has approved a travel stipend policy for 2009, said the Missouri Credit Union Association. The stipend will help pay travel expenses for small credit unions that attend conferences or schools this year. The annual limit is $10,000. Funds are distributed on a first-come, first-served basis (The Missouri difference
Dec. 31). To qualify for a travel stipend, recipients must:
* Submit a letter of request to the foundation prior to the conference; * Work with a credit union that has fewer than $35 million in assets; and * Submit receipts within 30 days of the final day of the conference.
Credit unions are limited to $250 for an in-state conference and $750 for an out-of-state conference. The stipend covers travel, hotels and meals.