From:                              Marybeth Foster [marybethf@iowacreditunions.com]

Sent:                               Thursday, April 08, 2010 9:11 AM

To:                                   Olivia Maiers

Subject:                          ICUF Newsletter: Spring 2010

 

Iowa Credit Union Foundation 

 

Spring 2010 Newsletter

 

 

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ICUF was established in 1995. Its mission is to help Iowans build wealth, responsibility and independence, with the vision to eliminate poverty in the State of Iowa.

 

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IDA Program Update  

 

ICUF's Credit Union Family Partnership IDA Program continues to grow. Here are the latest numbers from November 2008 to February 28, 2010:

 

    - 57 active savers

    - 129 applicants

    - 95 enrolled

        - 18 savers working towards education

        - 32 savers working towards their first home

        - 15 savers working towards a vehicle

        - 8 savers working towards a business start or expansion

    - $39,051 saved by participants

    - 6 asset purchases to date: 3 homes, 3 education

    - 20 participating credit unions

    - 16 closed accounts

 

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Northwest Area Foundation Awards $165,000 to ICUF

 

In March, the Northwest Area Foundation (NWAF) awarded ICUF a $165,000 grant. The money awarded will be used by ICUF help increase the number of Iowa credit unions offering financial education, reaching the Hispanic market and Individual Development Accounts for working Iowans.

 

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May 7 Scholarship Deadline is Approaching Quickly 

 

The next deadline to apply for ICUF scholarships is Friday, May 7. Applications need to be received or postmarked by this date. Email and fax submissions are acceptable.

 

The AWJ Scholarship helps defray the cost of attending the June 2010 CUNA Management School for a credit union employee.

The League President's Scholarship provides Iowa credit unions, their employees and their chapters with funding for ICUL education events, national schools, internal educational activities, community educational projects and certification programs.

 

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Financial Success Symposium & Golf Classic: June 8-9

 

Mark Your Calendars for ICUF's 2010 Financial Success Symposium & Golf Classic!

 

The Symposium will be held at Forté Conference Center in Des Moines Tuesday, June 8 and will feature various education sessions on financial education, an IDA panel of savers and more. That evening, please make sure to join us for the annual Spring Vendor Showcase. This free event is a great way to connect with vendors and peers in a fun environment and win prizes from participating exhibitors. 

 

Also, don't miss the opportunity to participate in the ICUF Golf Classic at Blank Golf Course on June 9th! This is a wonderful opportunity to support ICUF and its many initiatives.

 

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Help Support the 2010 ICUF Silent Auction

 

Now is a great time to start collecting items for the annual ICUF Silent Auction being held at the Iowa Credit Union Convention September 22-24 in Bettendorf.

 

All proceeds will assist ICUF's programs and services to benefit your credit union, staff and members.

ICUF is a 501c3 charitable foundation and personal donations to it are deductible to the extent allowed by law (donations are not deductible if given through the credit union).

 

Please consult your tax advisor for more information regarding charitable deductions. ICUF will provide written receipts of donations.

 

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2010 National Financial Capability Challenge

Help the U.S. Treasury and Education Departments reach its goal of getting one million students to participate in the free 2010 National Financial Capability Challenge while, at the same time, helping your credit union's community become more financially educated.

You can find out more information by going to challenge.treas.gov. This would also be a great way to tie-in National Credit Union Youth Week and CUNA's National Youth Saving Challenge.

 

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For more information on any of the information listed above, please contact Marybeth Foster, ICUF Executive Director, at marybethf@iowacreditunions.com or 515.221.3001.

 

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Iowa Credit Union Foundation | 1500 NW 118th Street | Des Moines | IA | 50325