Shapiro Credit Union Grants

There are now two methods to submit your grant applications:

Note: The grant amount will cover up to half the costs of the marketing/public awareness expenditure, not to exceed $2,500.

  • Just Ask Grant
    The Shapiro Group offers up to $1,000 for products and services that do not fit into any of the other grant categories.
  • Advocacy Expense Grant
    The Shapiro Group offers up to $2,000 to help Shapiro Group credit unions offset credit union advocacy trip expenses.
  • Technology Grant
    The Shapiro Technology Grant is available to assist Shapiro credit unions purchase up-to-date computers, upgrade existing systems, to buy software and to get connected to the Internet. Maximum allowable benefit is up to $5,000.
    Note: This grant is only available every other year. Credit unions that received technology grants in 2016, are not eligible for a Technology grant in 2017.
  • Education Grant
    The Shapiro Group offers up to $2,000 to help Shapiro Group credit unions offset credit union educational expenses. This grant is available to member credit unions who have been declined for other educational assistance.
  • Marketing/Public Awareness Grant
    The Shapiro Group offers grants up to $2,500 to Shapiro Group credit unions to help offset costs associated with marketing and public awareness.
  • Planning Grant /ALM
    The Shapiro Group offers grants up to $2,500 to help Shapiro credit unions with strategic and/or scenario planning session and to help purchase Asset Liability Management software tools.

Guidelines:
These guidelines are subject to modification at any time and are contingent upon the availability of funds. Grant requests that fall outside of the guidelines will be submitted for review by the Shapiro Advisory Committee for Grants.

  • The maximum annual, individual, credit union grant funding is limited to $3,500, with the exception of Technology grants for a funding of $5,000 every other year.
  • Credit unions with capital/net worth of less than 12 percent represent the greatest need within the Shapiro Group, therefore, credit unions with capital/net worth equal to or greater than 12 percent are not eligible to obtain a grant in 2017, without review from the Grant committee. Credit unions with net worth below 7 percent, and therefore under PCA, will also require additional review before approval.
  • Credit unions with an operating expense/gross income ratio greater than 85 percent will require additional review before approval.
By applying for a grant, you agree to make a cash donation of 10 percent of the grant amount funded to the Shapiro Group within 12 months, and agree to provide a statement of benefit upon request.