LANSING, Mich.– The Michigan Credit Union Foundation (MCUF) has awarded grants to nine different credit unions for financial education. MCUF grants assist credit unions and their chapters in developing or implementing community reinvestment or financial education initiatives and partnerships, especially those aiding underbanked, low-income or underserved areas.
Michigan credit unions receiving MCUF grants include:
- Allegan Community Federal Credit Union (Allegan)
- Catholic Vantage Financial Credit Union (Livonia)
- Lake Huron Credit Union (Saginaw)
- Sagelink Credit Union (Owosso)
- Awakon Federal Credit Union (Onaway)
- CASE Credit Union (Lansing)
- Best Financial Credit Union (Muskegon)
- Community First Federal Credit Union (Lakeview)
- Team One Credit Union (Saginaw)
In conjunction with the Michigan Credit Union League (MCUL), this past year, MCUF awarded more than $100,000 in grants for community reinvestment and financial education activities. In July, the MCUF board of trustees approved nine new Community Reinvestment Grants, bringing the total for the year to 24 grants and nearly $110,000.
Among other community reinvestment activities, Catholic Vantage Financial Credit Union’s Hispanic financial education program, Everfi, helps spread financial literacy to their youth, adult and Hispanic community members. Team One Credit Union used its MCUF grant to add skilled trade training centers to two schools in low-income areas in order to fill their need for qualified skilled workers and increase future earning ability for many students.