NCUF Wins $700K Grant From HUD

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The National Credit Union Foundation (NCUF) has won a $701,383 grant from HUD that will be used to support homeownership counseling for first-time homebuyers with low and moderate incomes.

"This grant reinforces credit unions' commitment to helping people of modest means build wealth," said Ruth Jaure, NCUF Director of Program Development.

The NCUF said it will use the funds to underwrite costs of 13 counseling programs offered by 21 credit unions: Alternatives FCU, Ithaca, N.Y.; Border FCU, Del Rio, Texas; Cincinnati Central CU; CU Housing Partnership (GTE FCU and Suncoast Schools FCU, Tampa, Fla.); El Paso Affordable Housing CUSO (eight CUs in El Paso, Texas); First Choice CU, Atlanta; LA DOT FCU, Denham Springs, La.; Opportunities CU, Burlington, Vt.; OUR FCU, Eugene, Ore.; Security 1st FCU, McAllen, Texas; South Side Community CU, Chicago; Syracuse Cooperative FCU, Syracuse, N.Y., and WCTA FCU, Sodus, N.Y.

The NCUF said program leaders from each of the credit unions will attend orientation sessions in Madison, Wis., with all expenses paid by the Foundation.

Funds Available

MADISON, Wis.-The National Credit Union Foundation said that state associations, foundations and others are eligible to apply for grants available through Nov. 15. Currently available is $600,000 to support programs that offer: Consumer access to credit unions; financial education for members of the public; savings and/or asset accumulation, and small credit union development. For info: www.ncuf.coop.

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