The National Credit Union Foundation funds the efforts of credit unions and other non-profit organizations to help families and individuals build assets and achieve financial security by offering needed products and services, impactful wealth building strategies and progressive financial education programs. Access to the right financial products such as first step transaction services, timely and appropriate lending products and savings programs can move members up a path to financial security.
At the Foundation, we recognize that products alone are not enough to achieve the desired results. Access to information and resources for families to build their financial capability is crucial to successfully building economic security. Over the past ten years, the Foundation has granted $35,000,000 to credit unions and other organizations to start new programs, implement new products and develop education strategies to build a stronger membership and community.
For our 2016-2017 grant cycle, we will be funding two important initiatives. First, the Foundation, with the generous support of CUNA Mutual Group, will be funding six credit unions to conduct financial health check-ups with their members and employees in collaboration with the Center for Financial Services Innovation (CFSI
) to better measure and document consumer financial health. This RFP closed
on December 9th, 2016 and we recently announced
the 5 grantees for this initiative.
Second, the Foundation will be funding and providing technical support to
assist up to 5 state leagues or foundations in starting their own
non-prime auto loan program.
This effort will result in more loans to consumers who otherwise would not have credit access to affordable, quality transportation. This RFP closed on February 15, 2017.
The Foundation reviews proposals by invitation only from organizations with demonstrated successes in its outlined focus areas. We have focused our grant making to satisfy ongoing commitments in these areas. Please note that we will not review any unsolicited letters of inquiry or proposals.