Pennsylvania Credit Union Association

Grant Criteria

Financial Literacy

Grant Types

  • School/Adult/Workplace Education
  • Literature/Audio Visual Procurement & Distribution
  • Web Site Development
  • School Branch Development
  • Training of Trainers
  • Reality Fairs

Eligibility

  • Any credit union, school or educational non-profit organization/consultant
  • Grantees must participate in an educational component
  • Credit union Branch grantee must participate in school education component
  • Must track post teacher or employee trainees in schools

Application Materials

  • Cover letter identifying need or stating problem
  • Questionnaire verifying preferred grant type(s) planned activities and results
  • Cost invoices and/or calculations
  • School Agreement (for student Branch Development)
  • Supplementary Budget (Upon Request)

Awards

PACUF will award a total of up to $10,000 for all financial literacy grants; however, if the project investment (i.e., Foundation plus credit union amount) does not exceed $20,000, the Foundation grant will equal only 50% of the total value. 

Application/Questionnaire


Small Credit Union Technology (SCUT)

Grant Types

  • Computers, Printers and Servers
  • Internet Connection

Eligibility

  • Must have had a strategic planning session within the last five years
  • Assets of less than $30 million
  • Insufficient funds to purchase hardware
  • In need of a computer upgrade
  • No access to the internet
  • Preference to credit unions that recruit underserved members
  • Credit union may apply every three years for an additional grant

Application Materials

  • Completed application/questionnaire
  • Cover letter with clear needs assessment and identification
  • Board Statement verifying lack of funds
  • Questionnaire identifying grant type(s) plus planned outputs
  • Cost invoices

Awards

Up to a maximum of $5,000. 

Application/Questionnaire


Member Access (Debit Card) Project (MAP)

Grant types

  • Debit Cards
  • Share Drafts/ACH

Eligibility

  • Must have had a strategic planning session within the last five years;
  • Assets of less than $30 million;
  • Insufficient funds to purchase software and/or pay for start-up costs;
  • No known plan to merge
  • Preference to credit unions that recruit underserved members
  • Credit union may apply every three years for an additional grant

Application Materials

  • Completed application/questionnaire
  • Cover letter identifying need
  • Board Statement verifying lack of funds
  • "Income/Expense Analysis" of transaction scenarios
  • Software cost invoice

Awards

Up to a maximum of $5,000.

Application/Questionnaire


Marketing & Member Services Project (M&Ms)

Grant types

  • Direct Mail Marketing
  • E-mail Marketing
  • Web Site Development
  • Internet Banking
  • Advertising
  • Marketing Seminars
  • Sales & Travel

Eligibility

  • Must have had a strategic planning session within the last five years
  • Assets of less than $30 million
  • Insufficient funds to support a marketing campaign
  • No known plan to merge
  • Main marketing goal must be to increase membership
  • Preference to credit unions that recruit underserved members
  • Credit union may apply every three years for an additional grant

Application Materials

  • Completed application/questionnaire
  • Cover letter identifying need or stating problem
  • Board statement verifying lack of funds
  • Marketing cost invoices

Awards

Up to a maximum of $5,000

Application/Questionnaire

 

Strategic Planning (SP)

 

Grant types

  • Board Strategic Planning session

Eligibility

  • No planning session with last five (5) years
  • Assets of less than $30 million
  • Insufficient funds to support a strategic planning session
  • No known plan to merge
  • Main goal must be to identify five-year priorities
  • Credit union may apply every five years for an additional grant

Application Materials

  • Letter from Board Chairman granting permission to conduct a strategic planning session
  • Two (2) proposals and bids from strategic planning trainers/facilitators
  • Letter from CEO indicating bid preference and reason for choice

Awards

Up to a maximum of $5,000

Application / Questionnaire


Strategic Planning Lite Project (SPL)

 

Grant types

  • Strategic Planning
  • Direct Mail Marketing
  • Web Site Development
  • Advertising
  • Technology

Eligibility

  • Assets of less than $30 million
  • Insufficient funds to support a marketing campaign
  • No known plan to merge
  • Main marketing goal must be to increase membership
  • Preference to credit unions that recruit underserved members

Application Materials

  • Completed application / questionairre
  • Cover letter identifying need or stating problem
  • Board statement verifying lack of funds
  • Marketing cost invoices
  • Marketing project prepared with strategic planner
  • Technology project prepared with strategic planner

Awards

Up to a maximum of $5,000 ($500 strategic planning; $4,500 marketing or technology)

Application / Questionnaire


Project Monitoring & Evaluation

  • Grantee prepares a plan by filling out a project questionnaire
  • Grantee signs a "Letter of Agreement"
  • Grantee prepares monitoring report two times per year based on plan.
  • Grantee prepares evaluation at the end of two years, upon request.

Foundation Scholarship for Judge/Bradley Leadership School or other external training program


Please submit the following to be considered for a scholarship to attend the Judge/Bradley Leadership School or other external training program:

  • Eligibility - Credit unions with assets less than $30 million;
  • Letter of Request from the candidate and Letter of Approval from the credit union's CEO;
  • (If CEO is the candidate,) Letter from Chairman of the Board of Directors;
  • Pro forma invoice for lodging cost per day;
  • Copy of application for training session, seminar or webinar.
  • Funding provided only for the cost of scholarship.  Credit union or individuals must pay the remaining costs.
  • Final report due by September 30 (Judge/Bradley) or six weeks after completion of any other scholarship training program.
  • For Judge/Bradley Scholarship, no Application Questionnaire need be prepared and submitted.



Webinars


Credit unions can apply for a grant to attend webinars.  Maximum grant per credit union is $1,000. or four webinars, whichever is lower.

Grantee must provide a 250 word report within 60 days after completion of the webinar describing the webinar's contents and the benefits that both the credit union and credit union members will derive from it.

Application / Questionnaire

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