New Jersey Credit Union Foundation (NJCUF)

About NJCUF
Grant Making Focus
Eligibility
Restrictions
Investment Procedure

NJCUL & NJCFE Member Education Introduction
NJCUL & NJCFE Member Education Application
NJCUL & NJCFE Member Education Course List

About NJCUF

The New Jersey Credit Union Foundation provides financial literacy, technical assistance to small credit unions, professional development opportunities and support for philanthropic activities, all in connection with the New Jersey credit union movement.

Grant Making Focus

The Foundation supports initiatives that further its mission. In doing so, the Foundation makes grants to those individuals or organizations, who are looking to raise their own financial literacy awareness, as well as small credit unions who would benefit from professional development opportunities or technical upgrades.

Click Here for Grant Making Summary and Application .

Priority will be given to the following:

• Projects on a statewide basis, or local projects that have significant replication possibilities;
• Projects with the capacity to spread financial planning information and skills to a very broad population;
• Projects targeted to disadvantaged, underserved or special needs populations;
• Projects that will enhance the credit unions professional development skills through such things as classes, workshops, seminars, conferences or conventions;
• Projects which will upgrade the technical applications of the credit union, through such things as new technology and accompanying workshops;
• Projects that offer direct services to the general public;
• Projects that provide support in areas served by New Jersey credit unions;
• Projects that clearly match the Foundation’s grant making focus.

Eligibility

Applicants must representative of a New Jersey credit union or be tax-exempt under Section 501(c)(3) or Section 501(c)(6) of the Internal Revenue Service Code, and must be classified as “not a private foundation” under Section 509(a) of the Code.

Restrictions

Normally, the Foundation will not fund:

• For-profit enterprises
• Travel for groups or individuals
• Political, fraternal or sports organizations or campaigns
• Books and magazines, articles or advertising in professional journals
• Legislative or lobbying efforts
• Programs or religious groups, except where they provide needed services to the community at large and do not include or promote a particular religious instruction or belief
• Programs that do not fall in line with the Foundation’s grant making focus
• Fees or stipends to financial planners

Investment Procedure

Making an investment in the New Jersey Credit Union Foundation is easy! Simply invest funds in your corporate credit union’s special CIF (Community Investment Fund). Your corporate will in turn invest that money in U.S. Central. Your credit union will receive a portion of the CIF return and you will have the satisfaction of knowing your charitable contribution is making an impact on credit union development in your state, as well as around the country.

A maximum of two percent of the return on your Community Investment Fund (CIF) investment goes to the National Credit Union Foundation in support of domestic credit union development initiatives.

One half of the return going to the National Credit Union Foundation is distributed, pro rata, back to the New Jersey Credit Union Foundation. These funds are specifically earmarked for state and local development activities.

To make an investment, simply contact you corporate credit union.