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NCUF Sees Volume Rise in 'Innovation Grants'

WASHINGTON -- The poor economy coupled with the rise in foreclosures is driving up the requests for "Innovation Grants" under a three-year-old program offered by the National Credit Union Foundation.

By Jim Rubenstein | Updated on July 23, 2008

WASHINGTON — The poor economy coupled with the rise in foreclosures is driving up the requests for “Innovation Grants” under a three-year-old program offered by the National Credit Union Foundation.

“In addition to the number of requests, we’re also seeing an increase in the size of the applications–$49,000 in 2007 to $54,000–as well as witnessing the addition of new states to the program,” said Steven Bosack, deputy director.

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