IMPACT Grants

Geographic Scope: New York State

Purpose: Support innovative and inclusive efforts of credit unions across New York State through funding for technology advancements, security enhancements, strategic consulting services, and outreach to underserved communities.

Eligibility

• All federal and state-chartered credit unions within New York
• Applicants must clearly define anticipated benefits and outcomes of proposed project
• Must demonstrate alignment with grant purpose
• Each credit union may submit only one IMPACT Grant application at a time
• Incomplete applications will not be considered

Eligible Uses of Funds

• Enhancements in technology and operations
• Security upgrades
• Strategic planning and consulting services
• Financial education for all ages
• Homeownership and financial counseling programs
• Initiatives for savings and wealth building
• Expanding access to financial services for the "unbanked"
• Outreach to underserved or emerging markets, including youth, older Americans, and immigrant populations

Review Criteria

• Credit union's financial need and performance
• Clearly defined, measurable goals
• Detailed budget with supporting documentation
• Project merit and fund availability may influence final award amount
• No guarantee of maximum funding for all applicants
• Grant award varies for members vs. non-members of New York Credit Union Association

Contact Information

• Phone: 800.342.9835, ext. 8546
• Email: info@nycuf.org or member.relations@nycua.org
• Website: nycuf.org

Application Process

Submission Methods:

1. Online Application (Preferred)
   • Access through the IMPACT Grant Application portal at nycuf.org/grants-and-resources/grant-applications
   • Streamlined system for efficient submission
2. Email Submission
   • Send completed application and all necessary documents to: member.relations@nycua.org
   • Ensure submission is complete
3. Fax Submission
   • Fax completed application and required documents to: (518) 782-4266
4. Mail Submission
   • Mail to: ``` The New York Credit Union Foundation – Grants PO Box 15118 Albany, New York 12212-5118 ```
   • Include all necessary documents and completed cover sheet

Required Information

• Clearly defined project benefits and outcomes
• Demonstration of project alignment with grant purpose
• Detailed budget
• Supporting documentation
• Credit union financial information
• Performance information

Application Timeline

• Rolling basis throughout the calendar year
• Subject to availability of funds
• Timeline for decision notification not specified