Championing financial inclusion since 1974, Inclusiv offers grant programs to our member community development credit unions (CDCUs) to help them deepen their impact and serve their communities more effectively. Our grant programs have helped hundreds of CDCUs achieve milestones such as CDFI certification and field of membership expansion as well as invest in technology upgrades and other operational improvements.
Inclusiv's grant portal allows our members access to grant applications and eligibility information for all of our financial inclusion, homeownership and small business grant programs. Please visit inclusiv.org for more information about our green lending and clean energy grant program. CDCUs interested in applying for a grant may review the open opportunities listed below. If no listings appear, no grant opportunities are currently available.
Click on "guidelines" below to learn more about current opportunities.
How to use Submittable:
- You will need to create a free Submittable account or sign in with Google or Facebook credentials to submit to these forms.
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Technical Questions?
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Desde 1974, Inclusiv ha promovido la inclusión financiera ofreciendo programas de becas para cooperativas de ahorro y crédito para el desarrollo comunitario (CDCU) afiliadas, ayudándolas a ampliar su impacto y servir a sus comunidades de manera más efectiva. Nuestros programas de becas han permitido que cientos de CDCU logren la certificación CDFI, amplíen su base de socios e inviertan en actualizaciones tecnológicas y otras mejoras operativas.
El portal de subvenciones de Inclusiv ofrece a nuestros afiliados acceso a solicitudes y a información de elegibilidad para todos nuestros programas de becas de inclusión financiera, hipotecas y pequeñas empresas. Visite inclusiv.org para obtener más información sobre nuestro programa de subvenciones para financiamiento verde y energía limpia. Las CDCU interesadas en solicitar una subvención pueden revisar periódicamente el listado de oportunidades. Si no se muestra ninguna, significa que no hay oportunidades de subvención disponibles.
Haga clic en las "instrucciones" a continuación para obtener más información sobre las oportunidades de becas disponibles.
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About this Opportunity
Inclusiv, a national network of more than 500 credit unions with a mission to help low- and moderate-income individuals and communities achieve financial independence through credit unions, in partnership with Edward Jones, is excited to invite its members to apply for its Build and Save Matched Savings Initiative to join our efforts to expand and deepen incentivized savings strategies. Through this opportunity, Inclusiv will provide technical assistance, and subgrants to augment existing or develop new matched savings strategies in tandem with ongoing targeted financial empowerment programming.
Purpose
Inclusiv advances financial inclusion by strengthening and supporting credit unions to reach and serve underserved households with products and services that build greater financial security and advance their financial goals. The Build and Save Matched Savings Initiative is a tangible example of how credit unions can develop and implement financially inclusive products and services. Matched or incentivized savings programs have long shown great potential to increase the financial security of low-income households by helping them save towards long-term goals. Typically paired with some form of financial empowerment services, such as financial education or financial coaching, participants are equipped with the tools and resources to uncover forward-thinking, asset-oriented financial goals and contribute towards these goals with regular small deposits over time that are ultimately matched through the program.
Inclusiv will provide peer learning opportunities for awarded credit unions to engage with other awardees also delivering matched or incentivized savings programs for asset building and financial empowerment strategies, such as homeownership, small business, climate resiliency, and financial inclusion. These thought-partnership opportunities will be a place to celebrate successes and share lessons learned along the way and will include at least two in-person convenings.
Additionally, Inclusiv will support the facilitation of partnership opportunities within Edward Jones markets, including connecting participants with wealth advisors to support long-term financial strength and well-being.
Use of Funds
A minimum of 80% of total award must go towards matched savings of program participants. The matching ratio will need be outlined in program description. The remaining (20 %) of the total award can go to eligible expenses for program design, development and operation. Eligible operating expenses include, but are not limited to:
- Operating costs such as personnel salaries, rent, utilities, technology infrastructure, and general administrative costs.
- Marketing and communications including marketing content and materials, website development and social media.
Award Amount and Timeline
Inclusiv intends to make grants ranging from $50,000 - $75,000. The maximum award amount will be determined based on the needs of the community, size and capacity of the institution and program plan. The grant term is for one year and it is expected that all matched funds will be disbursed to savers within the 12-month timeline of the grant.
Review Process and Criteria
Upon determining eligibility, all applications will be rated by a panel of internal reviewers. Inclusiv reviewers will evaluate applications to assess the extent to which these funds will help credit unions to augment an existing or develop and deliver a new matched savings program.
The review process will use the following priority criteria:
- Clear demonstration of how this matched savings opportunity will address needs among low-income households in the membership and\or community.
- A program plan for how the credit union will use these funds to implement a matched savings program where funds are distributed within 6 months of an award.
- Commitment to participate in quarterly virtual cohort gatherings to share progress, data and lessons learned, as well as willingness to participate in the Financial Empowerment Learning Center trainings and support for developing and delivering matched savings.
Grant Terms and Conditions
- The grant funds will be used to match the money saved by participants and support the administration of the program, and the funds must be used solely for the purpose outlined in the approved proposal.
- Grantees are required to submit progress reports at regular intervals (e.g., 6 and 12 months) to track the effectiveness of the matching savings program.
Technical Questions?
Check out the Submitter Resource Center or contact Submittable Customer Support.
To learn more about the Applicant Accommodations provided by Inclusiv, please visit this website.