Grant Opportunities for Growth and Prosperity
Pennsylvania Credit Union Foundation
From the beginning of our movement, credit unions have rallied around the People Helping People philosophy. In the spirit of cooperation and unity, The Pennsylvania Credit Union Foundation was formed in 1996 to benefit consumers and credit unions alike.
The Foundation is a non-profit, tax-exempt organization with a main purpose of providing individuals, credit unions and their communities with the human and financial resources to stimulate socio-economic growth.
The grant opportunities through the Foundation include:
For more information on Pennsylvania Credit Union Foundation Grant opportunities, application and questionnaires, click here.
- Financial Literacy
- Small Credit Union
- Member Access Project (Debit Program)
- Marketing and Member Services Project
- Strategic Planning
- Project Monitoring and Evaluation
- Judge Bradley School
NCUA Small Credit Union Initiatives
The Office of Small Credit Union Initiatives was established by the NCUA board to support activities for small credit unions promoting greater empowerment opportunities through:
- Serving as a conduit for current and relevant information;
- Serving as a repository of best practice information;
- Providing specialized technical expertise on pertinent issues; and
- Administering the Community Development Revolving Loan Fund (CDRLF)
5-22-13 - 2013 Grant Initiatives for Low-Income Designated Credit Unions
Small Credit Union Program
One of our many initiatives is the administration of the national Small Credit Union Program (SCUP). The program is designed to provide direct assistance to credit unions through an NCUA Economic Development Specialist (EDS) for those enrolled in the national SCUP. Enrolled credit unions can receive assistance with strategic management or operational issues. A credit union must possess one of the following in order to be eligible for national enrollment in the SCUP:
A credit union qualifying for enrollment in the national program will display:
- Low-income designated credit union;
- A credit union with less than $10 million in assets;
- Group wanting to charter a credit union; or
- Newly chartered credit union less than 10 years old or less than $10 million in assets;
You can enroll your credit union in our national Small Credit Union Program by contacting your local exminer. The examiner will contact our office to seek enrollment of your credit union into the national SCUP.
- Active volunteers and management committed to the credit union's future development
- No severe or persistent regulatory or safety and soundness concerns
- Willingness and ability to serve a viable field of membership
Check out the upcoming Credit Union Workshops and Roundtables hosted by the Office of Small Credit Union initiatives. Click here for complete information and registration for these FREE events.
Loans and Grants
For a credit union to benefit from programs available from NCUA, it must have a "low income designation". The definition can be found here on NCUA's site. Credit unions seeking the designations should contact their examiner for determination.
Community Development Revolving Loan Fund (CDRLF)
The CDRLF was established by Congress to support credit unions that serve low income members and communities by making loans and Technical Assistance Grants. The CDRLF is now accepting applications for loans and grants. Complete information can be found by clicking here.
The government agencies listed provide many categories of assistance to credit unions. A complete list and description of each can be found by clicking here.