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/services that do not fit in other grant categories.
  • Advocacy Expense Grant
    The Shapiro Group offers up to $2,000 to help Shapiro credit unions offset credit union advocacy expenses.
  • Technology Grant
    The Shapiro Technology Grant is available to assist Shapiro credit unions purchase up-to-date computers,
    upgrade existing systems, buy software and to get connected to the Internet. Maximum allowable benefit is
    up to $5,000, every other year.
    Note: This grant is only available every other year. CUs that received a 2017 grant, are not eligible in 2018.
  • Education Grant
    The Shapiro Education grant offers up to $2,000 to help Shapiro credit unions offset educational expenses. This
    grant is available to member credit unions that have been declined for other educational assistance.
    Note: The grant amount will cover up to half the costs of the marketing/public awareness expenditure.
  • Marketing/Public Awareness Grant
    The Shapiro Marketing grant offers up to $2,500 to Shapiro credit unions to help offset costs associated with
    marketing and public awareness.
  • Planning Grant /ALM
    The Shapiro Planning/ALM grant offers 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. All grant
requests must be submitted on or before September 5 for 2018 funds. All grant requests after September 5 will be
considered for the following year. Just Ask grants will be accepted on or before December 30. Approved grant funds
are available for three months, and funds will be distributed after submission of receipts/proof of purchase.

  • The maximum annual, individual, credit union grant funding is limited to $3,500, except for the year’s in which
    a Technology grant is awarded. The maximum grant funding for Technology grants is limited to $5,000 every
    other year and is considered the total grant funding for the year.
  • Credit unions must fall within the ratios noted below. Credit unions outside of these ratios will still be
    considered subject to further review by the grant committee, and additional documentation will be requested.

    CREDIT UNION ASSET SIZE NET WORTH RATIO OPERATING EXPENSE /
    GROSS INCOME RATIO
    Under $24 Million in Assets 7% to 18% 95%
    More than $25 Million in Assets 7% to 12% 85%
  • By submitting this grant application, you agree to make a cash donation of 10% of the grant amount funded to
    the Shapiro Group within 12 months and agree to provide a statement of benefit upon request.
  • By submitting this grant application, you agree you are a member of the League and are not at risk of, nor
    seeking a merger within the next 18 months.