WASHINGTON -- A three-year-old program of the National Credit Union Foundation extending grants to those of modest means during a tight economic period is witnessing a spike in requests as a result of the poor economy and rise in foreclosures.
By Jim Rubenstein |
Updated on August 05, 2008
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WASHINGTON — A three-year-old program of the National Credit Union Foundation extending grants to those of modest means during a tight economic period is witnessing a spike in requests as a result of the poor economy and rise in foreclosures.
“In addition to the number of requests, we’re also seeing an increase in the size of the applications–from $49,000 in 2007 to $54,000–as well as witnessing the addition of new states to the program,” said Steven Bosack, NCUF deputy director, in detailing the status of the innovation grants program.
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