Foundation Board Approves Updated Criteria for 2020 Small Credit Union Grants
Tuesday, February 11, 2020
Credit unions that meet specific criteria can apply for expedited reimbursement of professional development opportunities through the Small Credit Union Grant Program. The Foundation Board recently approved removing the net income requirement from the criteria to be eligible for a grant. The criteria for 2020 is now:
- The request is for $1,000 or less;
- The credit union has less than $50 million in assets as of Dec. 31 of the previous calendar year;
- The professional development opportunity is on a topic(s) that pertains to the attendee’s position as a credit union professional or volunteer.
A maximum of $1,000/credit union is available through the Small Credit Union Grant Program on an annual basis. All small credit unions are encouraged to apply for this grant. Grant request for larger dollar amounts may be submitted the Foundation’s general Professional Development Grant program.
To apply for Small Credit Union Grant Program funding, complete the online application, or send an email with your name, credit union, the name and description of the event you’re attending, and proof of registration to the Minnesota Credit Union Foundation.
For more information on additional resources for small credit unions, visit the Foundation website.