FARMERS BRANCH, Texas (11/8/10)--The Texas Credit Union Foundation (TCUF) announced it has distributed $49,350 in grants in the fourth quarter 2010, in addition to $137,240 awarded in the first quarter, $23,544 in the second, and $27,750 in the third, for a yearly total of $237,884. TCUF’s grants program included programs to benefit all Texans, and core programs such as credit union and chapter grants and financial literacy initiatives (LoneStar Leaguer
Nov. 5). The foundation provided Harlingen (Texas) Area Teachers’ CU a financial literacy grant designated to co-sponsor the Stock Market Game with Harlingen’s local newspaper, The Valley Morning Star
. TCUF said it believes it must empower students with the tools and resources to invest in their futures and become successful money managers. “The mission of [the game] is to provide financial literacy, academic education and enrichment for students,” said Vanessa Serna, marketing director of Harlingen Area Teachers’ CU. “The Stock Market Game is a 10-week Internet-based stock trading simulation offered in the fall and spring.” Additional grants include:
* Two Junior Achievement partnerships with credit unions; * Sponsorship of the Texas Credit Union League Chapter Leader’s Conference; * One chapter grant for the expenses to attend the Chapter Leader’s Conference; * Two scholarships to send credit union professionals to the National Credit Union Foundation’s Development Educator Program; * Ten scholarships to assist Project NEFE Network members with expenses for the TCUF’s In-Person Project NEFE Network meeting in Dallas. NEFE stands for National Endowment for Financial Education; * A grant to Coastal Community & Teachers CU, Corpus Christi, to sponsor the Raskal Reading Program, encouraging young children to read while promoting the importance of saving; * Support of Universal City-based Randolph Brooks FCU’s new Youth Advisory Board; * Collaboration with the El Paso Affordable Housing Credit Union Service Organization to deliver financial education workshops for persons with disabilities; * Assistance with implementing El Paso-based GECU’s new turnkey youth accounts program, Money Mammals; and * Two training and conference grants for credit union staff and volunteers.