UW Credit Union Fund for Racial Equity

UW Credit Union Fund for Racial Equity

Funder: UW Credit Union

Launch Date: February 17, 2020

Partnership: United Way of Dane County and United Way of Greater Milwaukee & Waukesha County

Geographic Scope:

Primary focus: Dane, Milwaukee, Waukesha, Ozaukee, and/or Washington Counties

Investment breakdown:

- Dane County: $1,000,000
- Greater Milwaukee Area: $500,000
- Emergency Grants: $250,000 across both markets

Mission:
Address barriers to economic mobility for people of color through transformational programming solutions, extending the credit union's brand mission "Here for Every You."

Focus Areas:

Primary Focus: Programs that increase financial stability and improve educational outcomes

Target Population: Black, Indigenous, and People of Color (BIPOC) communities

Specific Priorities:

- Economic transformation and employment equity
- Financial wellbeing and capability
- Educational outcomes
- Emergency/crisis relief funding

Key Features:

Simplified, equitable application process

Brief quiz to determine eligibility

Community advisory board makes funding decisions (comprised of community members and UW Credit Union employees)

Community-defined and community-led solutions

Support Beyond Funding:

Volunteer hours from UW Credit Union

Financial education resources

Technical assistance

Eligible Applicants:

Local nonprofit organizations

Not limited to United Way agencies

Must serve Dane, Milwaukee, Waukesha, Ozaukee, or Washington Counties

Organizations addressing racial inequities through programs focused on financial stability and educational outcomes

Application Status:
Applications began March 17, 2020. Visit www.uwcu.org/racialequity to learn more and apply.