Montana Credit Unions for Community Development is a certified Community Development Financial Institution that has provided six AFI grants since 2006, with the objective to foster financial independence for all Montanans.
Montana Credit Unions for Community Development is a Network grantee with nine subgrantees. The organization emphasizes homeownership, postsecondary education, and business capitalization, with the goal of making these assets more accessible to low-income families in Montana and establishing a pattern of regular savings for IDA participants. The group has been successful in drawing down Federal funds, opening IDAs, and expanding one of its projects to statewide.
Partners
Montana Credit Unions for Community Development partners with Montana State University, Montana State University Gallatin College Program, Big Sky Youth Empowerment Program, Student Assistance Foundation, Rocky Mountain Credit Union, Sky Federal Credit Union, Kansas Corporate Credit Union, and Montana Credit Union League to fulfill project responsibilities and ensure program success.
Assets for Independence Grant History
Project Title
Montana Students Save for Higher Education
Highlights/Outcomes
101 IDAs have been opened.
77 participants have received financial education.
$60,494 saved by participants.
74 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
$484,600
Total Non-Federal Support: $377,664
Focus Population
Montana Credit Unions for Community Development targets eligible high school students and working-age adults; low-income, first-time homebuyers; and low-income survivors of domestic violence. This network covers Montana.
Contact
Montana Credit Unions for Community Development
101 North Rodney Helena, MT 59601
(406) 442-9081 x 140 www.montanacreditunions.coop
