Illinois Credit Union Foundation
Community Project Grants Program
The Illinois Credit Union Foundation grants committee accepts applications for community project grants throughout the year. This program is designed to encourage and reward chapter or credit union participation in local community projects.
Grant seekers are encouraged to complete and return the Community Project Grant application form to the Foundation as early in the year as possible since grants are awarded on a first-come, first-served basis. Applications will be reviewed throughout the year as long as grant funds are available.
The Foundation is aware of all the wonderful community projects coordinated by credit unions and chapters throughout the state. The grants committee wants to recognize this involvement and encourage other credit union groups to launch similar activities. There are three typed of projects that qualify for grants:
- Host an established event – Chapters and credit unions may apply for funding to cover the costs of hosting or sponsoring an event that benefits a local non-profit organization. For example, a Foundation grant can be used to sponsor rest stops at charity marathon events when credit unions are active participants or to sponsor a holiday wish tree to provide gifts to less fortunate families.
- Create your own event – Sometimes chapters coordinate their own projects like a bicycle rodeo to teach children bike safety or a child ID day where creditor unions distribute child identification kits to the community. In these cases, the Foundation grants are used to cover all or a portion of the costs of the projects.
- Volunteer at an established event – In some cases, the volunteer activity involves the time and effort of the credit union people and no funds are needed to cover the costs of the event, like when chapter members answer telephones for a local telethon or spend an afternoon cleaning up trash form a local park. The Foundation can make a grant to the organization on behalf of the credit union volunteers to recognize their efforts.
In the past, the Foundation’s grant program did not require any credit union involvement with the agencies or organizations to qualify for funding assistance. However, the current program is designed to facilitate credit union involvement.
Applications must be received by one of three review deadlines of March 31, July 31 and October 31 for consideration by the committee.
If you have questions about the grant program, please contact the Foundation at 800-942-7124.