WASHINGTON — Although lower interest rates have diminished its income, the National Credit Union Foundation has nonetheless issued its annual call for grant applications.
"While it's true that low interest rates have hurt our income, we do have reserves and we're looking forward to reviewing grant applications," said Steven Delfin, NCUF's Executive Director.
The Foundation "innovation grants" are aligned with the Real Solutions program and the Foundation is looking for grants which touch upon financial education, transaction services, saving, credit and homeownership.
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The programs most likely to be funded will include plans for funding from other organizations, plans to include other organizations in partnerships, plans include building membership from the "low wealth market," plans to sustain the program in the future without the Foundation's help and indications that other CUs will be able to replicate the program.
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