By Beth Troost
Financial Education Manager
More than half of the Michigan CU Foundation’s funding budget is dedicated specifically for assisting small credit unions with educational scholarships and operational grants. The MCUF has already provided educational scholarships to 106 credit union professionals from 45 small credit unions this year and is helping nine small credit unions improve their services with grants.
Funding for small-asset-sized credit unions for employee educational scholarships is still available for educational events in 2013. SAS credit unions with assets of $50 million or less are automatically approved for $1,000 per year. Scholarships are given for a variety of educational events such as those sponsored by MCUL, CUcorp, chapters, Michigan CUES Council and CUNA including conferences, seminars, workshops, webinars and independent study programs.
It is easy to apply for the scholarship at the online event registration site for MCUL events and the cost of participating will be paid directly by the MCUF. Click here for a list of upcoming educational events which can be funded by a MCUF SAS Educational Scholarship. To apply for educational scholarships for training from other organizations see the MCUF website. While funding for these scholarships is still available for 2013, total MCUF scholarship funding for the year is limited. SAS educational scholarships will be provided annually up to $1,000 per SAS credit union only as funds are available on a first come basis.
In addition to SAS-specific assistance, the MCUF is also providing the following support to Michigan’s credit unions so far this year:
Funding is still available for Community Reinvestment Initiative grants for financial education and community outreach projects. A CRI Grant may be just the support needed for your credit union or chapter to implement a financial education activity, community-based project, or to expand credit union community partnerships. For more information see the MCUF website
As a 501(c)(3) nonprofit, the MCUF is able to provide these grants and scholarships with the support of donations from credit unions, chapters and credit union system supporters. With a goal of widespread involvement and impact, the MCUF aims to involve all Michigan credit unions and chapters in the foundation, both as beneficiaries of funding and as financial supporters. To see a list of this year’s donors or to make a donation, see the MCUF website.