Recognition Round-Up: New York CUs receive grants

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Olean Area FCU was recently awarded a Biz Kid$ Financial Education grant from the National Credit Union Foundation.

The New York credit union was one of nine credit unions nationwide approved for the grants, which totaled $53,100. The grants are distributed to encourage credit unions and related organizations to use Biz Kid$—a credit union funded public television series that teaches kids about money management and entrepreneurship—and its curriculum to improve students’ financial well-being.

To view a complete list of grant recipients, visit the National Foundation’s website.

Additionally, the U.S. Treasury Department’s Community Development Financial Institutions Fund recently announced grants and loans to 302 CDFI-certified organizations totaling $34.5 million.

A number of credit unions were among the grant recipients, including the following New York and Puerto Rican credit unions:

  • Brooklyn Cooperative FCU;
  • Genesee Co-Op FCU;
  • Lower East Side Peoples FCU;
  • NYU FCU;
  • The Finest FCU;
  • Cooperativa de Ahorro y Credito Aibonitena;
  • Cooperativa de Ahorro y Credito de Jayuya Incorporada;
  • Cooperativa de Ahorro y Credito Jesus Obrero; and
  • Cooperativa de Ahorro y Credito Saulo D. Rodriguez.

The grants were awarded in three categories: Technical Assistance, Financial Assistance and Healthy Food Financing Initiative Financial Assistance.

For more information or to view a full list of CDFI grant recipients, download the CDFI Fund’s 2018 fiscal year Award Book.

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