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News Now

CU System
N.Y. foundation dispersed 43000 in grants in 2010
ALBANY, N.Y. (2/7/11)--The New York Credit Union Foundation dispersed $43,126 in grant funding in 2010 to New York credit unions and community organizations. The foundation provided 56 Professional Development Grants totaling $28,626 to employees and volunteers of 37 credit unions for education and training programs offered by the Credit Union Association of New York and other industry-related organizations. Six credit unions received Financial Fitness Grants to fund general operating needs to improve member service. A total of $8,500 was awarded to:
* Gates Chili FCU, Rochester, for an online banking system and bill payment feature; * Lower East Side People’s FCU, New York City, for testing the security of its online banking, website and network systems to protect member data and provide secure online transactions, and for adding an audio on-hold system to its phone system to enhance communication with the members; * Morse Chain Ithaca (N.Y.) Employees FCU, for the permanent and temporary storage of records; * St. John’s Buffalo (N.Y.) FCU, for an upgrade of the credit union’s security system; * UHS Employees FCU, Johnson City, for purchasing, installing and training staff to use Virtual Item Processing equipment at its branch office; and * Williamsville FCU, Amherst, for facility improvements, including a new furnace, security camera and upgrades to the counter and lobby to increase safety and convenience for members and staff.
The foundation provided three New York credit unions with Smart Money Grants totaling $4,000 to help fund programs and services that promote financial literacy and independence. Recipients included:
* Buffalo (N.Y.) Metropolitan FCU, for re-evaluating, modifying and sharing the credit union’s Banking Day Program; * Bethex FCU, the Bronx, for the operation of a Volunteer Income Tax Assistance (VITA) site for the 2011 tax season; and * New York University FCU, New York City, for providing financial education seminars to incoming students.
The East River Development Alliance in New York City was one of four entities to receive $2,000 in organizational grants.


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