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Holy Rosary Receives Grants to Help Low-Income Members

It proved to be a rich year in grants for Kansas City-based Holy Rosary Credit Union (HRCU). The credit union serves parishioners of the Catholic Diocese of Kansas City – St. Joseph and their families.

In 2013, HRCU received grants from the National Credit Union Administration (NCUA) and the Catholic Campaign for Human Development (CCHD).

“Helping the impoverished requires many resources,” says Carole Wight, president of HRCU. “Grants such as these help us to better meet the needs of our low-income population and we can’t do it alone.”

In August, the NCUA awarded HRCU a grant of $1,100 to better serve its community and members. These funds will be used to train two HRCU employees as financial counselors through the Credit Union Strategic Planning’s Community Development Curriculum. This will greatly enhance HRCU’s mission of meeting the current and future member needs. 

HRCU also learned that they received its third CCHD grant this summer, for $75,000. Previously, the credit union received $65,000 in 2012 and $45,000 in 2011. This grant has and will continue to help the credit union with a number of initiatives, including supporting the VISTA volunteer program, funding development of the new St. Joseph office, support outreach to new immigrant populations and establish its business services and lending program—all with the goal of empowering low-income people.

This campaign supports organizations led by low-income individuals as they work to break the cycle of poverty and improve their communities.

The grant has become a vital part of the growth of the credit union. CCHD’s commitment to social and economic justice mirrors the mission of HRCU.

“HRCU could not serve its members nearly as well without the help of the Catholic Campaign for Human Development and the National Credit Union Administration and we are eternally grateful,” continues Wight.