Foundation Issues $75K in Grants for Member & Employee Financial Health; Releases First Ever DE Impact Report Posted by AVCU on 3:18 PM

The National Credit Union Foundation (the Foundation) Board of Directors recently approved 8 grants totaling $75,000 to help credit union organizations document and measure the impacts of their products and services on member and employee financial health.

In 2017, the Foundation funded six credit unions to measure the financial health of their members, using the Center for Financial Services Innovation financial health segmentation methodology. The aggregate data showed that more than half (58%) of members in the total credit union sample are struggling financially, highlighting a significant opportunity for credit unions to help their members better spend, save, borrow, and plan.

The purpose of these grants is to help credit unions build upon this work by supporting their initiatives to measure and document these efforts specifically in the Save, Spend, Borrow, and Plan categories.

Foundation Releases First Ever DE Impact Report

The Foundation also announced that it has released the first ever Impact Report for its Credit Union Development Educator (CUDE) program (click to download the PDF) which has been inspiring change through credit unions since 1982.

CUDE is the Foundation's signature program. It is a transformative and experiential training that promotes the education and application of credit union business principles and philosophy.

The mission of the DE Program is to help established and emerging leaders within the credit union movement understand and leverage credit unions’ unique business model to serve members and communities in new and better ways.