NAPERVILLE, Ill. (9/9/10)--The Illinois Credit Union (ICU) Foundation recently awarded $17,709 in Small Credit Union Development (SCUD), Community Service, Marketing and Business Development, and Financial Independence & Revitalization Effort (FIRE) grants, and $10,768 in scholarships, bringing the total awarded for the year to nearly $73,000. SCUD grants totaled $11,209 and were awarded to seven credit unions. Purposes for the SCUD grants included computer hardware and software, equipment and upgrades, and other operational needs. The recipients were: Alton Bell Community CU, Alton; CTA C&M FCU, Chicago; D-B ECU, Johnston City; IBEW Local 146 CU, Decatur; Ottawa (Ill.) Highway CU; Peru (Ill.) Municipal CU, and Urbana (Ill.) Municipal ECU. The foundation also awarded a single $500 Community Service Grant. The program encourages and rewards chapter or credit union participation in local community projects. Credit unions and chapters qualify for grants by hosting an established event, creating an event, or volunteering at an event. One chapter, Southern Illinois, received the grant. Two credit unions received Marketing and Business Development grants that totaled $6,000. The recipients were: Armstrong Preferred Members FCU, Bourbonnais; and Three Rivers Community CU, Mt. Carmel. Established in 2006, these grants help credit unions with assets of up to $30 million to start or expand outreach efforts. The maximum grant award is $5,000 per credit union per year. Also, $10,768 was awarded in scholarships to 28 recipients. Individuals and groups--as a chapter or group of credit unions--are welcome to apply. Scholarships may be used toward ICUL’s educational opportunities and CUNA schools. Recipients included:
* Alton Bell Community CU, Alton; * Archer Heights CU, Chicago; * Blaw Knox CU, Mattoon: * Effingham Highway CU, Effingham; * Financial Partners CU, Springfield; * First Security CU, Lincolnwood; * Generations CU, Rockford; * Heights Auto Workers CU, Burnham; * IBEW Local 146 CU, Decatur; * Israel Methcomm FCU, Chicago; * Jeff-Co Schools FCU, Mt. Vernon; * School District No. 9 CU, Granite City; * Shell Community FCU, Wood River: * SIUE CU, Edwardsville; * Southern Illinois Area CU, Swansea: * St. Mark CU, Chicago; * Urbana Municipal CU, Urbana; and * Wrigley Associates CU, Yorkville.
One chapter, Kankakee Valley, also was a recipient.