Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Pa. foundation ups number of CUs eligible for grants
HARRISBURG, Pa. (12/13/11)--The Pennsylvania Credit Union Foundation (PCUF) Board of Directors has increased the number of small credit unions eligible for grants from the foundation.

The minimum assets for small credit union grantees will be $30 million in assets instead of $20 million, the board decided in a recent meeting.  That means 52 credit unions are now eligible for PCUF grants. 

The change was approved to bring small credit unions into line with the Pennsylvania Credit Union Association (PCUA) board governance changes recently approved by PCUA's board (Life is a Highway Dec. 12).

The PCUF board also approved its 2012 budget calling for $236,100 in revenues and $299,100 in expenses. Of total expenses, $130,000 is earmarked for grants and $99,100 for operations, leaving a net gain of $7,000 against revenues.

In other action, the board:

  • Approved 10 grants for a total of $130,050;
  • Decided to explore outside fundraising firms;
  • Heard presentations on a recent Reality Fair at the State Capitol, Pennsylvania Flood Relief Activities, new Community Investment Fund options available, and Haitian Task Force activities; and
  • Welcomed new board members Todd Cover, USSCO Johnstown FCU, Johnstown, and Carol Fastrich, AmeriChoice FCU, Mechanicsburg.


RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
4 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
5 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
7 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
7 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
10 hours ago