ALBANY, N.Y. (1/24/14)--The New York Credit Union Foundation (NYCUF) announced that it awarded $87,993 in grants last year.
The money, which was given to state credit unions and credit union stakeholders, was granted for financial education initiatives, professional development, member service improvement and disaster relief.
"We see the summary report (of awards) in the form of numbers and dollars, but those numbers actually represent hundreds of lives that have been impacted in a positive way," said Vicki O'Neill, NYCUF chair and president/CEO of ACMG FCU, Solvay. "That positive impact represents the best of what we collectively do to advance the ideals and goals of our movement."
Seven credit unions received $10,941 in education initiative grants, or "Smart Money" awards. The winners were:
Seventeen credit unions won $35,874 in award money for financial education programs, or "Financial Fitness" grants. The winners were:
Meanwhile, 72 credit union employees and volunteers were given professional development grants worth a total of $39,178.
The NYCUF also gave $2,000 to help credit unions' disaster relief efforts in the wake of the Colorado floods and Oklahoma tornadoes last year.