The National Credit Union Foundation (NCUF) said it will provide more than $1.3 million through the Callahan Fund to help increase consumer financial independence and improve financial literacy through credit unions.
These funds will go to support projects sponsored by 12 U.S. credit unions and related organizations and will directly benefit over 37,000 consumers nationwide, according to the Foundation.
The Callahan Fund, named after former NCUA Chairman and Patelco CU president Ed Callahan, makes grants in the areas of cooperative development and financial literacy.
"We received more than 60 high-quality proposals last spring, totaling more than $10.5 million in requested gunds," said Francois Henriquez, senior VP and general counsel with U.S. Central and chairman of the NCUF Grants Committee. For info: www.ncuf.coop.
