X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ST. PAUL, Minn. — A Minnesota CU recently decided to help its members into home purchases by encouraging them to use their writing skills.Affinity Plus Federal Credit Union awarded seven $5,000 grants to members to be used for the down payment or for closing costs for the purchase of a home.Applicants were required to complete a one-page essay to explain why it would be meaningful to receive $5,000 toward a home purchase.One respondent wrote, “Just being able to receive a grant like this reassures us that we are working with the right company. This grant will open the road and help us reach our goal of purchasing a new home.”Another member said, “The most meaningful thing for me is that I could have my own home, my dream, my peace and quiet.”The funds came from two grants that were awarded to the Minnesota credit union by the Federal Home Loan Bank. The Urban First-Time Homebuyer’s grant totaled $10,000 and the Rural Homebuyer’s grant totaled $25,000.Applicants who were not selected didn’t leave the competition empty-handed. The credit union waived the origination fee for their home loans.Affinity Plus has over $1.2 billion in assets and 130,000 members.–[email protected]

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join 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.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.