Small credit unions got involved in the Michigan CU Foundation in 2013 in a big way, both as donors and as recipients of funding. Showing that great quality of working together for the good of all, the MCUF enjoyed the support of 100 credit unions to provide scholarships and grants to 101 credit unions in 2013. Many of these were small credit unions, both as donors and as recipients.
The MCUF would like to thank the donors that helped make a difference in the Michigan credit union community in 2013. These included 100 credit unions, 16 chapters, 10 credit union business partners and MCUL & Affiliates. Together, these donors helped the foundation provide over $100,000 in support to help Michigan credit unions succeed. The 2013 donor list shows widespread support among credit unions of all asset sizes.
Michigan residents trust in credit unions as a premier source of quality financial services and look to them as an important partner in community-building outreach. MCUF’s grants and scholarships help credit unions ensure and sustain those key attributes for the benefit of all credit unions in the state. MCUF assisted 101 credit unions with 243 scholarships and 18 grants in 2013. This included 204 educational scholarships to 70 small credit unions and nine small credit union operational grants.
The MCUF is looking forward to expanding support and outreach in 2014. With the help of our donors, we look forward to providing these resources to help Michigan credit unions succeed:
Small Credit Union Support
Executive Development Support
Financial Education Support
Community Reinvestment Support
Credit unions are encouraged to engage with the foundation by making an annual donation and by participating in funding opportunities as outlined above. Even small donations are important and appreciated. To make supporting the MCUF easier, an option will allow 2014 donations to be made along with the MCUL & Affiliates membership dues. Information about supporting the MCUF and about current grants, scholarships and awards can be found on the MCUF website.