Cooperative Credit Union Association's Small Credit Union Grant Program Surpasses $50K Mark in Allocated Funding

The Cooperative Credit Union Association (CCUA) recently hit a significant milestone in its Small Credit Union Grant Program by surpassing the $50,000 mark in allocated funding. Since its inception in July 2022, the program has provided crucial financial support to twenty-five member credit unions, enabling advancements and improvements across a number of operational areas.

"We are thrilled to see the impact our Small Credit Union Grant Program has made in such a short period," said Ron McLean, President and CEO of the CCUA. "These grants are empowering credit unions to enhance their services and infrastructure, ultimately benefiting their members and communities."

The grant funds have been instrumental in supporting technology updates, new ATM installation, security system and cybersecurity updates, mobile software upgrades, and advertising initiatives. Eligibility for the grant is open to credit unions with assets under $200 million, allowing them to apply for financial assistance every calendar year. This initiative aims to bolster smaller credit unions in serving and supporting their members’ evolving needs.

“In these challenging economic times, the CCUA small credit union grant support is invaluable,” said Julie Przypek, Manager and Treasurer at Worcester Police Department Federal Credit Union. “The assistance program has been pivotal in helping our credit union keep up with today’s technological advancements to better serve our members.”

The success of the grant program is a testament to the collective contributions from CCUA member credit unions and system partners. Their commitment has significantly increased the funds available, fostering a stronger and more resilient credit union community.

"The grant we received enabled our credit union to purchase new equipment crucial for launching our local advertising campaign this year," said Joe Graham, CEO of HTM Credit Union, a recipient of a 2024 assistance grant. "This support has been invaluable in helping us reach more members and expand our community presence."

For more information about the Small Credit Union Assistance Grant Program, please visit CCUA Small Credit Union Assistance Grant Program.