Minn. CU Foundation names grant winners

November 20, 2015

ST. PAUL, Minn.  (11/20/15)--The Minnesota Credit Union Foundation (MnCUF) recently awarded five financial education grants to assist Minnesota credit unions with implementing financial education projects.

MnCUF increased this cycle’s available grant funds an additional $2,000, and will disburse total grant funds of $18,500.

The fall 2015 Financial Education Grant recipient programs are:

  • City & County CU, Fargo, N.D., is launching “Money on the Bookshelf,” a family-oriented financial literacy program. Youth in the east metro area can enroll by visiting a branch location with a parent/guardian, and begin borrowing a book from the library that introduces a variety of financial topics. Once a child completes the required books for their age category (4-14), the child receives a $5 deposit into a City & County CU savings account.
  • Hiway FCU, St. Paul, Minn.,is collaborating with the Sanneh Foundation and St. Paul Public Schools to provide financial literacy tools and education to students and staff through Dreamline, a trained tutor/mentor “coaching” program.
  • Richfield (Minn.) Bloomington CU, in collaboration with the Richfield and Bloomington Schools, will craft and deliver a custom financial literacy program that incorporates classroom curriculum, financial tools, online access to CUNA’s Googolplex calculators and games, video shorts, and the creation of teen accounts.
  • United Educators CU Apple Valley, Minn.,will assist Red Lake High School’s personal finance class by providing copies of CUNA’s “Guide to Money” for student use on the Red Lake reservation.
  • Wings Financial CU, Apple Valley, Minn., is establishing a reality fair for schools in the Twin Cities metro area in recognition of financial literacy month.

The foundation board of directors evaluates applications based on a variety of factors, including credit union value, community impact, collaboration, and creativity.

Non-credit union organizations may also apply for grant funding, but must partner with a Minnesota credit union and demonstrate how the project will impact credit unions, their members, and the larger community.