NAPERVILLE, Ill. (11/27/13)--The charity arm of the Illinois Credit Union League announced Tuesday that it is giving $30,790 in grants to member credit unions and ICUL chapters.
The Illinois Credit Union Foundation awards are going to small-credit union development, community service, market and business development, and financial independence and revitalization efforts.
The 16 credit unions receiving a combined $19,340 in small-credit union development grants for software and hardware development are:
Recipients of the community service grants--worth a combined $2,540--for participation in local community projects are:
These awards will go to projects such as shred days and essay contest for kids.
Recipients of the $6,500 in marketing and business development grants--to help credit unions with under $30 million in assets expand outreach--were:
These awards were given to credit unions seeking to introduce new products and promote among a select employee group.
The Kane County Teachers CU, Elgin, also received a $2,500 financial independence and revitalization grant, for an initiative to reach out to the Hispanic community in low-income and underserved areas.
The Illinois Credit Union Foundation has awarded a total of $109,000 in grants in 2013.