RANCHO CUCAMONGA, Calif. – The California Credit Union League’s Shapiro Group is providing grants to small credit unions to help them complete or update their policies, and to hold strategic or scenario planning sessions. Under the policy assistance program, the Shapiro Group will reimburse CUs of up to $20 million in assets a maximum of $1,000 a year for fees the credit union paid to a consultant to help write or update policies on a variety of operational issues. To be eligible for the grant, credit unions must apply and obtain approval for the grant before retaining a consultant’s services. The maximum grants for planning sessions vary with the type of session and the CU’s assets. Scenario planning benefits range from a maximum of $1,500 for CUs between $10 million and $20 million in assets; to $2,000 for CUs between $5 million and $10 million in assets; and to $3,000 for CUs with up to $5 million in assets. Depending on a CU’s asset category, maximum grants for strategic planning sessions range from $750 to $2,000. “Both of these grant programs will allow smaller credit unions to hire consultants to perform these services, which will enable them to maintain their uniqueness and better serve their members,” said Kim Bannan, league vice president of credit union development.
The disruption could introduce new risks into the system by compelling banks to loosen lending standards and take on greater risk.
The CDFI awards support to developers, renters and buyers.
Without email authentication standards, hackers don’t need to compromise accounts to send emails that impersonate FIs.
Sponsored by Epic River
Learn how your credit union can onboard new sources of deposit revenue from hospital systems and healthcare providers in your community with the strategy outlined in this white paper.
Sponsored by Finastra
Taking the first step towards a complete digital mortgage experience can be the hardest. Learn six strategic steps to start your credit union’s journey today.
Credit Union Times
Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!
- Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
- Exclusive discounts on ALM and Credit Union Times events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.