Cornerstone foundation’s CIF grants total $39K

December 1, 2015

FARMERS BRANCH, Texas (12/1/15)--The grants committee for the Cornerstone Credit Union Foundation’s Community Investment Fund (CIF) recently approved $39,000 in grants (Leaguer Nov. 30).

The grant funding will be split among 20 organizations that will use the funds for efforts ranging from compliance to strategic planning to professional development. Generally, the CIF program provides funds to credit unions to use in ways that will allow them to better serve members and communities.

Broken down:

  • Nine grants will assist with expenses for various credit union audits, including information technology, compliance, supervisory committee review and member account verification;
  • Two grants were awarded to credit unions to hold strategic planning sessions;
  • One grant will help pay for a credit union employee to take part in the National Credit Union Foundation’s Credit Union Development Education program;
  • Six grants will pay for credit union office and branch needs, including computer hardware and software, equipment, or products and services;
  • One grant will help a credit union implement mobile banking and mobile deposit for its members; and
  • One grant will help a credit union create a website to better serve its members.

“I’m proud to say I work in an environment that thinks of others and helps when possible,” said Renee Hensley, president/CEO, Midwestern State University CU, Wichita Falls, Texas. “I’ve been employed in the credit union movement for over 30 years now and continue to use our motto of 'People Helping People.' That is exactly how I feel about this grant. Cornerstone Credit Union Foundation has always been a great source of help and generosity to credit unions (especially the smaller credit unions).”