Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
3 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
22 hours ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
1 day ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
1 day ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
56 minutes ago