COLUMBUS, Ohio (1/9/13)--The Ohio Credit Union Foundation (OCUF) awarded 65 grants totaling nearly $230,000 in 2012 through donations from credit unions, individuals chapters and business partners. It also established a $200,000 fundraising goal for 2013.
The foundation was able to have a big impact in 2012, said Stan Barnes, CEO of CSE FCU and chair of the OCUF board of trustees. "The success is due to the outstanding support of the foundation's efforts by Ohio credit unions. Our ability to fulfill credit union needs is due solely to support from within the movement."
The way the grants assisted credit unions, communities and individuals in Ohio included:
- Forty-seven professional development grants helped credit union professionals expand their knowledge to better serve members.
- Six financial education grants helped teach students basic financial education and entrepreneurship, providing knowledge to make good choices and create sound financial futures, said OCUF.
- Six William A. Herring social responsibility grants helped community development credit unions remain viable and continue serving the members who rely on them.
- Five college scholarships helped students pursue undergraduate degrees.
- Three disaster relief grants benefitted members and communities devastated by the aftermath of windstorms, wildfires and a hurricane.
Grants totaling $45,000 funded the opening of three new student-run credit unions.
The foundation also continued its annual contribution to the Emmy Award-winning youth entrepreneurial show Biz Kid$, with a $30,000 grant.
In August, the OCUF Classic, OCUF's largest one-day fundraising event, generated $31,850 in grant dollars for 2013.
The foundation has $208,000 to grant in 2013.
"If the last few years are any indication, we expect the overwhelming need for grants to continue in 2013 and beyond," said Becky Hart, OCUF executive director. "Because the need is great, we will continue to look for new ways to generate funds for the foundation, while supporting the needs of credit unions and the communities they serve."