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The Minnesota Credit Union Foundation Board of Directors meets on at least a quarterly basis to consider grant requests. Decisions are based, in part, on the financial need of the applicant and how the request fits within the Foundation’s mission to provide the resources for credit unions and communities to prosper and thrive. The Foundation Board considers grant requests on a “first-come, first-served” basis and may also consider the availability of other funding sources in making grant decisions.
Those interested in requesting a grant from the Foundation must submit a completed Grant Application along with current financial statements. Applicants are also encouraged to submit additional supporting documentation.
SMALL CREDIT UNION GRANT PROGRAM
The Foundation is currently offering professional development grants for small credit unions. These grants can be used for conferences, training, or anything else that will grow the skills of the credit union professional or volunteer. Expedited approval will be given if the following criteria are met:
1) The request is for $500 or less;
2) The credit union has less than $25 million in assets as of Dec. 31, 2009;
3) The credit union has less than $35,000 in net income for the calendar year of 2009; and
4) The function is on a topic(s) that pertains to the attendee’s position as a credit union professional or volunteer
All small credit unions are encouraged to apply for this grant, as well as grants for larger dollar amounts. Grant requests fitting the Small Credit Union Grant Program criteria will face an expedited approval process. All other applications will undergo the regular approval process through the Foundation Board.
To apply, send an e-mail with your name, credit union, and the name and description of the event you're attending to Neil Christy.
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