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Pennsylvania CU Foundation 2013 budget set
HARRISBURG, Pa. (12/20/12)--The Pennsylvania Credit Union Foundation Board of Directors has approved a 2013 budget, with projected revenues of $252,600--including $15,000 for Reality Fairs.

The budget also contains expenditures of $242,600, including $155,000 in grants, $15,000 for Reality Fair materials, and $81,600 in regular operating expenses (Life is a Highway Dec. 19).

The board also set a fundraising goal of $248,000--or an anticipated 7.3% increase--over 2012 projections.

Other board actions included:

  • A moment of silence honoring Bob McCormack, the first foundation chairman, who died Dec. 9;
  • Approval of a $1,000 disaster relief grant to the Connecticut Charitable Foundation for victims of the Newtown, Conn., community tragedy;
  • Approval of 11 regular grants in financial literacy and credit union development totaling $54,210; and
  • Recognition of 1,387 students who participated at seven Reality Fairs during 2012.
The next foundation board meeting will be in April.


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