The Ohio Credit Union Foundation said it awarded 65 grants in 2012, totaling nearly $230,000 that assisted credit unions, communities and individuals across Ohio.
“2012 was another impactful year for the Ohio Credit Union Foundation,” said Stan Barnes, CEO/president of the $168 million CSE Federal Credit Union in Canton, Ohio , who chairs the OCUF Board of Trustees.
“The success is due to the outstanding support of the foundation’s efforts by Ohio credit unions. Our ability to fulfill credit union needs is due solely to support from within the movement,” Barnes said.
In 2012, OCUF grants made a difference in a variety of ways, including:
- Forty-seven professional development grants to help credit union professionals expand their knowledge to better serve members.
- Six financial education grants to teach students basic financial education and entrepreneurship, providing knowledge to make good choices and create sound financial futures.
- Six William A. Herring social responsibility grants to support credit union community development projects that helped members.
- Five college scholarships that helped students pursue undergraduate degrees.
- Three disaster relief grants benefitting members and communities devastated by the aftermath of windstorms, wildfires and a hurricane.
What’s more, grants totaling $45,000 made the opening of three new student-run credit unions possible, one in Northeast Ohio and two in Southwest Ohio. OCUF also continued its annual contribution to the Emmy Award-winning youth entrepreneurial show Biz Kid$ with a $30,000 grant. In August, the OCUF Classic, the largest one-day fundraising event for the foundation, generated $31,850 in grant funds for 2013.
For 2013, the OCUF board established a $200,000 fundraising goal and has already exceeded that goal by $8,000.
“If the last few years are any indication, we expect the overwhelming need for grants to continue in 2013 and beyond,” said Becky Hart, OCUF executive director. “Because the need is great, we will continue to look for new ways to generate funds for the foundation, while supporting the needs of credit unions and the communities they serve.”
In the past eight years, the OCUF has granted nearly $2 million to credit unions and credit union organizations to help promote financial independence, the Columbus-based foundation said.