How much funding does OCUF Student Loan Forgiveness Grant provide?

OCUF Student Loan Forgiveness Grant provides $5,000 per award (3 awards available) in funding.

When is the deadline for OCUF Student Loan Forgiveness Grant?

This grant has a rolling deadline or the deadline has not been announced.

How often is OCUF Student Loan Forgiveness Grant offered?

OCUF Student Loan Forgiveness Grant runs on an annual cycle.

OCUF Student Loan Forgiveness Grant

Ohio Credit Union Foundation

Foundation Annual Hardship Grants

Funding Amount

$5,000 per award (3 awards available)

Deadline

Rolling / Open

Grant Type

Foundation

Deadline history & next window

Cycle: Annual
Tracked since: April 2026

Source: the cycle recorded on this listing. Confirm dates with the funder.

Can we apply?

Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.

Other requirements

Ohio credit union employees
Must have outstanding student loan debt
Must submit essay response (see application section)

Overview

Geographic Scope: Ohio

Program Type: Student Loan Assistance Grant

Overview:
The Ohio Credit Union Foundation awards grants to help Ohio credit union employees pay off outstanding student loan debt. Three $5,000 grants are available annually to eligible applicants.

Award Details:

Number of Awards: 3 grants annually
Award Amount: $5,000 per grant
Purpose: Help eliminate student debt for credit union employees

Eligibility:

Ohio credit union employees
Must have outstanding student loan debt
Must submit essay response (see application section)

What They Fund:

Student loan forgiveness/debt reduction

Selection Process:

League staff narrower entries based on:
- Creativity
- Detail of essay
- Knowledge of credit union Movement
OCUF board members judge five highest-scoring entries
Winners announced in December

Historical Note:
A 2018 grant winner eliminated her remaining student loan debt through this program.

Contact Information:

Contact: Jamila Collins, League Advocacy Coordinator
Email: jcollins@ohiocul.org
Phone: (614) 923-9763

How to Apply

Application Process

Essay Requirement:

Submit response addressing: "The importance of diversity, equity, and inclusion in the financial services industry and how credit unions are uniquely poised to lead the charge"

Selection Criteria:

Creativity of response
Detail and quality of essay
Demonstration of knowledge of credit union Movement

Evaluation:

League staff review all entries
Entries narrowed to five highest-scoring submissions
OCUF board members judge the five finalist entries
Three winners selected

Timeline:

Winners announced in early December (historically December 7)

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What Ohio Credit Union Foundation actually gave

Source: IRS Form 990, 2024

Grants in 2024: 7
Total given: $87K
Median grant: $9,185
Range: $7,190–$23K

By dollars: Ohio 76%, Missouri 24%. Top recipient cities: Toledo, OH; Newark, OH; Saint Louis, MO.
0% of grants with a stated purpose were for general or operating support.

Example grants

Truecore Federal Credit Union · Newark, OH

To support management and business development for credit union employees, and zogo app

$23K
Century Federal Credit Union · Saint Louis, MO

Zogo app and to support lending solutions loan decisioning boot camp

$21K
Nueva Esperanza Community Credit Union · Toledo, OH

To provide consulting support for growth in the hispanic community

$10K
Educational Community Alliance Credit Union · Toledo, OH

To support training in marketing & business development in the credit union field.…

$9,185
Community Star Credit Union · Elyria, OH

To support training in compliance, management, digital marketing, and business lending

$8,941