A new Technology and Capital Improvement Grant Program by the Carolinas Credit Union Foundation seeks to bolster the service efforts of smaller credit unions by supporting their strategic upgrades, the Foundation announced this month at the Carolinas Credit Union League 2021 Annual Meeting in Asheville.
The program, aided by a joint contribution of $50,000 by the League and CUNA Mutual Group, is open for applications through August 1 by credit unions of up to $100 million in assets that plan to pursue the following categories and examples of improvements.
- Technology or Security Upgrades: Mobile app development, IT enhancements, compliance with Part 748 of NCUA Rules and Regulations
- Capital Improvements: Computer and voice communications upgrades, facility renovations
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