FARMERS BRANCH, Texas (3/5/10)--The Texas Credit Union Foundation (TCUF) announced it dispersed $137,240 in grants in the first quarter. TCUF’s grants program benefited all Texans, and helped with credit union and chapter grants, disaster relief and financial literacy initiatives (LoneStar Leaguer
March 4). The 2010 grants recipients include Texas Credit Union League’s (TCUL) REAL Solution’s program. TCUF has supported the ongoing initiative since its inception in 2007. “The REAL Solutions initiative, whose goal is to empower low-wealth consumers and migrate them from economic uncertainty into economic stability, has been a resounding success among both the credit unions in Texas and the millions of members they serve,” said Mike Delker, TCUL vice president of credit union relations. “It is only with the assistance of the TCUF, both monetarily and operationally, that this has been possible,” he added. Additional grants totaling $90,190 include, but are not limited to:
* Sponsorship of the BizKid$ Financial Education Series on PBS (fourth season); * “Make the Difference” grants to encourage financial literacy during April; * Four Junior Achievement partnerships with credit unions; * A disaster grant for the Haiti earthquake relief efforts; * Two chapter grants to assist with programs; * Two training and conference scholarships for credit union staff and volunteers; and * Sponsorship of the National Youth Involvement Board’s Annual Conference.
Financial Literacy grants totaling $20,050 include:
* Newspapers in Education programs on financial education in El Paso; * A partnership with Cornerstone Financial Education and Texas Youth Commission to educate at-risk teens; and * Financial education programs initiated by credit unions.
“TCUF provides grants and scholarships to support its three areas of focus; financial literacy, professional development and disaster relief,” said Courtney Nickles, TCUF executive director. “We are able to make a difference in the lives of many Texans because of the generous support from Texas credit unions, the Texas Credit Union League and its affiliate, Credit Union Resources, Inc., credit union chapters, corporate sponsorships, Community Investment Fund investors, industry groups and individual donations.” General grants include training calendar grants for credit unions with more than $20 million in assets and Community Service grants. A Community Service grant allows credit unions, chapters, and credit union-affiliated and/or collaborating organizations to assist in local community service activities or financial literacy projects.