MADISON, Wis. (12/10/10)--The National Credit Union Foundation's (NCUF) board has approved 15 grants for 2011, totaling $294,510. All the grant projects have a financial education component. "At the foundation strategic planning meeting a few months ago, we decided to make financial education a priority in 2011," said Bucky Sebastian, NCUF executive director. "Financial education has long been a part of the foundation's and REAL Solutions' mission. It's also vital to the success of credit unions and consumers nationwide." The projects range from youth financial education in and outside of school to different types of financial counseling and coaching. They include:
* Mid-America Credit Union Association, Bismarck, N.D. , which will provide financial education to participants in the Women, Infants and Children Nutrition Program on the dangers of payday lenders. This will also provide safe credit union alternatives to payday lending and increase awareness of credit unions in the Dakotas. * Metro CU, Chelsea, Mass., which will develop and implement one-on-one financial coaching by corporate volunteers who will assist low income households to identify and follow a path to financial stability and mobility. * Texas Credit Union League, Farmers Branch, Texas, which will implement statewide financial Reality Fairs using social media to enhance student participation, deliver financial education and track the impact social media has on financial literacy of young people. The fairs will increase knowledge and awareness of credit unions, financial tools, credit knowledge and credit union accounts for students 13-18 years of age. * Credit Union Foundation of Maryland and D.C., Glenelg, Md., which will expand “The Millionaires Club,” a high school level, self-sustaining, financial literacy club after school in four pilot expansion locations. The club’s goal is to improve personal financial skills among high school students by providing basic financial education they can place into practice both immediately and during their financial maturation processes.
The other credit union organizations receiving grants include:
* Alternatives CU, Ithaca, N.Y.; * Filene Research Institute, Madison, Wis.; * Hill District CU, Pittsburgh, Pa.; * Iowa Credit Union Foundation, Des Moines, Iowa; * Millstream Area CU, Findlay, Ohio; * Montana Credit Unions for Community Development, Helena, Mont.; * National Federation of Community Development Credit Unions, New York, N.Y.; * New York Credit Union Foundation, Albany, N.Y.; * New York University CU, New York, N.Y.; * Texas Credit Union Foundation, Farmers Branch, Texas; and * University of Virginia CU, Charlottesville, Va.
NCUF grants are made possible by supporters of the foundation and the Community Investment Fund. A full list of grants and the projects is accessible by using the link.