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OC Federal Credit Union to Award $70,000 in Catholic School Grants in 2021

Garfield Heights, OH – April, 2021 – In keeping with its commitment to support Catholic education, OC Federal Credit Union will be awarding $70,000 in Catholic school grants in 2021.  The credit union will be awarding six $5,000 grants, ten $2,500 grants, and $500 guaranteed grants to all other qualified applicants.  Since 2016, OC Federal Credit Union has awarded over $300,000 in grants to a total of 48 different schools in the Dioceses of Cleveland, Youngstown, Steubenville, and Cincinnati.

The online grant application will go live at www.ohiocatholicfcu.com/2021-catholic-school-grant-application/ beginning April 1, 2021 and will be available until May 31, 2021.  All grant applicants will receive award notification letters no later than Friday, July 16^th.

In order to qualify for the Catholic School Grant Program, schools must meet one of the following requirements:

• Have a minimum of $50,000 on deposit with OC Federal Credit Union
• Have a commercial loan with OC Federal Credit Union

Grants are intended for programs or projects that promote or enhance the Catholicity and/or Faith Component of your school, as well as the betterment of the community and/or students attending.  Grants are not intended for capital campaigns or improvements, general tuition assistance, endowments, foundations, or general operating budgets.  In addition, please note that grants cannot be used towards employee salaries, travel expenses, or any personal or individual gain.

After the grants are awarded, schools will be required to provide a summary report detailing the progress and outcomes resulting from the grant funding. 

About OC Federal Credit Union

OC Federal Credit Union (OCFCU) is the largest faith-based, full-service credit union in Ohio and the third largest in the nation. Since 1954, OCFCU has helped its members achieve their financial goals. At OCFCU, your mission is our mission. As a not-for-profit financial service organization, OCFCU is committed to serving the needs of the Catholic community – the place where our members live, work, and pray. Since 2014, OC Federal Credit Union has donated more than $850,000 back to the Catholic community in the form of grants, scholarships, and contributions to Catholic parishes, schools, and non-profit organizations.  For more information, please visit www.ohiocatholicfcu.com.