Community Impact Grant

Redstone Federal Credit Union is excited to announce the launch of our new grant program, Community Impact Grant. Designed to empower local non-profit organizations who are making a meaningful impact in their communities. This program will provide winners with grants of $50,000 or more, to help fund innovative projects, initiatives, and solutions with specific focus on education, neighborhoods and community, or economic opportunity. We will focus on financial inclusion through the support of initiatives in financial education, workforce/economic development and offering innovative life changing opportunities. We encourage all passionate community leaders to apply and help bring their vision to life.

We will begin taking the first round of applications starting February 1 and ending on March 15th. Below are some of the additional requirements and an FAQ on the program.

Guidelines for Redstone Federal Credit Union grant applications

Eligibility Quiz:

Is your organization an IRS-registered, tax exempt, 501(c)3 or 501(c)19 organization?
Does your organization or program benefit at least one or more of the communities served by RFCU located in the counties of Jackson, Limestone, Madison, Marshall, Morgan in Alabama and Lincoln and Rutherford in Tennessee?
Does your Project fall under one of the RFCU's Focus Areas of Education, Neighborhoods and Community, or Economic Opportunity?

If you answered NO to any of the above questions, you are not eligible to receive a grant from Redstone Federal Credit Union. Email grants@redfcu.org with questions.

Requests of political, controversial or religious nature are not eligible to receive grant funding from Redstone Federal Credit Union.

Schedule

Grants are awarded twice per calendar year:
- Application received February 1 – March 15 and will be awarded by May 31.
- Applications received July 1 – August 15 and will be awarded by October 31.

Application Procedures

All applications must be submitted online.
All submitted material becomes the property of Redstone Federal Credit Union and will be held in strict confidence.
All grant recipients will be required to provide impact reporting to Redstone Federal Credit Union for a period of time following the completion of the grant as determined at the time of approval.
Download a sample application HERE in order to prepare answers in advance of completing the online version. Once you begin the application, you will not be able to save your progress and return at a later time.
If you need application assistance, please email grants@redfcu.org.

FAQ

Who do I contact if I have questions about the grant application process or eligibility? Please submit your questions and contact information to grants@redfcu.org.
Do I have to have a nonprofit designation? Organization must be exempt from federal income taxation as an organization described in Section 501 (c)(3) or 501(c)19 organization of the Internal Revenue Code.
What communities does the credit union serve? The credit union serves Jackson, Limestone, Madison, Marshall and Morgan Counties in Alabama and Lincoln and Rutherford Counties in Tennessee.
Do the funds have to be used in the credit union’s communities? Yes, the funds must be used to improve the quality of life in the communities Redstone Federal Credit Union serves.
What is the dollar amount that can be requested for Grant consideration? Applications are accepted for $50,000 and up.
What are the deadlines for submission? Grants are awarded twice per calendar year. Applications received February 1 – March 15 and will be awarded by May 31. Applications received July 1 – August 15 will be awarded by October 31.
May I apply for a grant in both Spring and Fall cycles? Yes.
Can I print a copy of the online application to review and prepare my answers, before I actually begin the application? Yes, please download the sample application HERE in order to prepare answers in advance of completing the online version. Once you begin the online application, you will not be able to save your progress and return at a later time.
If I am in the middle of writing my application, can I save it and continue working later? No, once you start the application, you will not be able to save and return to it. You must complete the whole application and submit it for it to be completed. You may use the RESET FORM button (on the bottom of the page) to start over. To download a sample application, click HERE.
How do I submit attachments in the online system? Applicants must upload ALL required documents in the online application. Attachments may be submitted in Adobe PDF, Microsoft Word or Microsoft Excel formats.
I submitted an application but forgot to add an attachment. What should I do? Contact grants@redfcu.org.
How can I tell if my application has been received by Redstone Federal Credit Union? You will receive an automatic email from Redstone Federal Credit Union once your application is accepted.
Will there be mandatory reporting requirements? Yes, RFCU will require periodic program and expenditure reports from grant recipients and may request the opportunity to visit program(s) before awarding the grant, after the grant has been made, for purposes of project evaluation.
Whom should I contact if I have a question concerning the online application? Contact grants@redfcu.org.

Community Impact Grant

Guidelines for Redstone Federal Credit Union grant applications

Eligibility Quiz:

Schedule

Application Procedures

FAQ

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