MnCUF Grants Available for Financial Inclusion Projects

MnCUF’s Financial Inclusion Grant is intended to support credit unions’ implementation of projects that support Financial Inclusion efforts at their credit union. The application period is open so that credit unions may apply for funding at any time throughout the year. The Foundation Board will act on applications at their regularly scheduled Board meetings.

​Eligible initiatives may include (but not limited to) projects in the following areas:

• Partnering with Coopera or other organization for demographic analysis of membership
• CDFI certification support from Inclusiv or other organization
• Internal credit union staff training
• Efforts to reach and/or serve underserved populations in community

​Grant guidelines and restrictions:

• Funding must be deployed for the stated grant purpose within one year of receipt, unless recipient receives a written extension from the Minnesota Credit Union Foundation. Any funds unused in the completion of your project must be returned to the Foundation.
• Minnesota credit unions may partner with non-credit union organizations for grant funding, so long as the project demonstrates a positive impact on a credit union’s community. Grant application must be made by the credit union.
• Grant recipients must mention the Minnesota Credit Union Foundation as having provided grant funding in all press releases, news stories, articles, interviews and website references.
• Grants may not be used for salaries, pass-through funding, incentive payments, meals/refreshments, or promotional products (i.e.: imprinted trinkets, giveaways, etc.)

With questions, please contact Andrea Molnau, Executive Director, Minnesota Credit Union Foundation.

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