TALLAHASSEE, Fla.– The Credit Union Impact Foundation, the charitable arm of The League of Credit Unions, said it has opened the application portal for the Growth and Impact Grant Program.
The program provides financial support to credit unions and chapters across Alabama, Florida, Georgia, and Virginia and includes three distinct grant opportunities: the Community Impact Grant Program, powered by Vizo Financial, and the Credit Union Development Grant Program and Professional Development Grant Program.
According to the foundation, this year, a total of $200,000 has been allocated to support credit unions and chapters in “creating meaningful impact for the members they serve and their communities.” Of that total, $50,000 has been designated specifically for Community Impact Grants, thanks to a contribution from Vizo Financial, the foundation said.
It added that the targeted funding significantly expands the Foundation’s capacity to support innovative community-based initiatives, with an emphasis on financial wellness and community outreach.
Helping Credit Unions ‘Grow’
“With $200,000 in total funding available through the Growth and Impact Grant Program, we are investing in projects that remove barriers for members, strengthen communities, and help credit unions grow and innovate,” Bobbi Grady, executive director of the Credit Union Impact Foundation, said in a statement. “We’re especially grateful for our partnership with Vizo Financial, whose $50,000 commitment to the Community Impact Grants is enabling us to meet growing needs with greater focus and flexibility.”
Added Erin Doan, Vice President of Administration for Vizo Financial
“Our top priority as a corporate is leveraging our partnerships to expand opportunities for credit unions to connect with their communities, whether through financial education, literacy programs or outreach initiatives. “We’re excited to collaborate with the Credit Union Impact Foundation to bring those efforts to life, and we can’t wait to see the incredible impact credit unions will make with the help of these grants.”
The Priorities
The foundation said the Community Impact Grant Program prioritizes funding projects that remove barriers to the well-being and prosperity of credit union members and their communities.
“By emphasizing financial literacy as a cornerstone of holistic wellness, the program supports initiatives that empower members and foster sustainable, thriving futures. It also offers support to credit unions pursuing Community Development Financial Institution (CDFI) certification or assistance with CDFI Fund grant writing,” the organization said.
About the Grants
According to the foundation”
- The Credit Union Development Grants aim to support the growth and sustainability of credit unions through projects that improve technology adoption, operational efficiency, and innovation.
- The Professional Development Grants, available year-round, support credit union professionals seeking to grow their skills and advance their careers. The grants cover tuition or registration fees and may also include a portion of travel costs for approved programs. Awards are given to individuals who best exemplify the credit union philosophy and whose participation in training opportunities will further the mission and values of the credit union movement.
How to Apply
Applications are now open for the Growth and Impact Grant Program and will close on May 20. Winners will be announced on June 10. For info: Credit Union Impact Foundation website.
