FARMERS BRANCH, Texas (4/24/15)--The Cornerstone Credit Union Foundation's Grants Committee approved 35 grants totaling more than $71,000 to support credit unions in community outreach, financial literacy and professional development, the Cornerstone Credit Union League reported (Leaguer April 23).
Twenty-four of the grants awarded were for professional development. Another 11 were community outreach grants to support activities such as Junior Achievement, Volunteer Income Tax Assistance sites and financial education partnerships, according to Emily Moreno, foundation grants manager.
The foundation also supports the Cornerstone Credit Union League's REAL Solutions initiatives.
REAL Solutions is a National Credit Union Foundation program that works with state credit union leagues to provide credit unions the tools to make a difference in the financial lives of members, families and communities.
REAL Solutions builds member and consumer financial capability through product development, credit union financial counseling certification, experiential learning programs, planning, coaching, speaking and training.
"Financial literacy is so important today, with approximately 38 million Americans living paycheck to paycheck," said Paula Upchurch, Cornerstone Credit Union League REAL Solutions director. "For many families, the lack of financial education is a key contributor to their financial problems. That's where grants from the Cornerstone Credit Union Foundation have made an enormous impact through the REAL Solutions initiative."
Upchurch said a grant from the foundation has allowed the Cornerstone's REAL Solutions program to partner with credit unions across the region to build programs for low- to moderate-income families.
The Pineywoods Chapter of Credit Unions also received a grant this quarter.