Vizo Financial Empowerment Grant
Through the generosity of Vizo Financial Corporate Credit Union, all credit unions can apply for grants that will fund financial education projects or programs to empower members to reach financial goals and establish a better quality of life. Up to $50,000 annually will be allocated to each of the state’s Foundations. Read more here.
The Carolinas Credit Union Foundation and Credit Unions Care Foundation of Virginia are collaborating on the application process with links for each Foundation application below. Grant funds up to $5,000 per credit union will be awarded to implement programs or undertake projects to be completed by the applying credit union, or in or in collaboration with other credit unions and/or community organizations.
Grants are due by March 15, 2024 with winners announced in April of 2024.
All credit unions are eligible. Greater consideration will be provided to credit unions with financial need.
The Foundation will review grant requests for credit union initiatives that offer:
- Affordable options to costly financial products and services
- Lesser dependency on predatory financial providers
- Expanded financial education and literacy
- Enhanced personal financial management and planning for the future
- Increased individual savings and wealth-building
- Strengthened credit worthiness
- Improved financial wellbeing of local people and communities
- Grants will be awarded based on the number and nature of the grant requests, with a maximum grant award of $5,000.
- No more than one grant per year, per credit union will be awarded under the Vizo Financial Empowerment Grant Program.
- Projects must have clearly defined goals and objectives.
- Grant requests must be accompanied by a project budget and any other pertinent supporting documentation.
- Projects must be implemented and grant funds utilized within 12 months of grant fund disbursement.
- The recipient credit union must use the grant solely for the purpose stated on the application and will be required to submit a Grant Reporting Summary following the completion of the project outlining how the grant funds were allocated. Testimonials and success stories are encouraged.
- The Foundation reserves the right to withhold future grant funds in the event the funds are missed or the Grant Reporting Summary is incomplete.