Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Education fin lit initiatives will get CDRLF boost
ALEXANDRIA, Va. (4/7/11)--Low income credit unions could soon boost their current educational endeavors after the National Credit Union Administration (NCUA) on Wednesday announced that it will make $200,000 in grants available through its Financial Education and Financial Literacy Initiative. The NCUA initiative is a new technical assistance grant (TAG) project, and is related to the agency’s Community Development Revolving Loan Fund (CDRLF). The agency in a release said that the Financial Education and Financial Literacy Initiative aims to “improve financial literacy among the general population, particularly students.” The NCUA said that projects that would be eligible for funding include:
* Educational partnerships with schools, teacher associations, and parent groups; * Partnerships with credit counseling organizations to offer training to help members improve their credit scores and access to credit; and * Enhancement of online financial education modules.
Programs that provide counseling for first-time homebuyers and partnerships with organizations that offer general financial literacy and education opportunities would also be eligible for funding, the NCUA said. Eligible credit unions may receive up to $5,000 in funds. Applications for the initiative will be accepted from April 18 through May 20, the NCUA said. The educational initiative will run on a yearly basis. Additional information on other CDRLF programs will be announced as their funding is determined, the NCUA said.
Other Resources

RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
10 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
12 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
13 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
13 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
13 hours ago