|...contact Tom Candell, Deputy Director, at 800.356.9655 x4398.|
Saving the American Dream
|The National Credit Union Foundation stongly believes:|
- Hard-working people of modest means should have access to affordable savings, counseling, and mortgage lending services.
- Credit unions' social mission makes them the ideal place for people of modest means to move from the dream of home ownership to the reality of home ownership.
|The National Credit Union Foundation is one of the credit union movement's first federal intermediaries. We attract grants from federal agencies and use those grant dollars to help credit unions provide homeownership savings accounts and homeownership counseling programs.|
Current Federal Grant
|NCUF is currently managing a grant that leverages federal matching funds to help credit union members save through Individual Development Accounts. These IDAs empower low-income members to achieve financial goals that will change their lives.|
For more information, click the link below:
NCUF Transitions HUD Grants Program to Federation
Credit unions seeking federal grants to provide housing counseling can apply through the National Federation of Community Development Credit Unions (Federation).
Upon request by the National Credit Union Foundation (NCUF), the Federation was approved in 2008 as a federal housing counseling intermediary by the US Department of Housing and Urban Development (HUD).
This HUD certification authorizes the Federation to take on the role that the Foundation played since 2003.
“Over the past five years, the Foundation attracted more than $3.2 million in HUD grants for credit unions,” said NCUF Executive Director Steve Delfin. “Overall, community development credit unions demonstrated the most success meeting HUD’s criteria. So in 2007 we included the Federation in our final HUD grant. Having worked closely with the Federation to help credit unions implement this grant, we are confident that they are well positioned to take on our role as HUD intermediary.”