The Federation is offering a special grant round to help credit unions cover the cost to enhance or convert to CU Impact. CU Impact is a customized core platform powered by EPL, a core solution provider that has been in operation for 40 years, and has recently been acquired by the award-winning core provider DedaGroup.
In 2016, the Federation received first place in the CDFI Fund Prize competition to help credit unions expand their reach into underserved communities through CU Impact. The Federation is extending the majority of the $300,000 in prize funds to offer conversion and enhancement support to credit unions that are well-positioned for growth and able to take advantage of the capabilities of CU Impact.
You must complete the application by November 13, 2017 to be considered for funding.
Why consider converting to CU Impact? Because CU Impact facilitates innovation, measures impact, increases productivity, and is easy to implement.
- Facilitates the development and deployment of innovative products and services relevant to low-wealth consumers
- Measures, evaluates and reports on your impact on the community
- Increases efficiency and lowers the cost to credit unions of all sizes
- Connects and plays well with other systems through an open solution design
Click here to download the application.
Click here to learn more about CU Impact.
Please contact bmyers@inclusiv.org with questions and to learn more about CU Impact.