Please send or email requests to:
Our Community Development Application Form is available online.
Investing In Our Community
Since 1928, investment in the communities we serve is a key component of our mission and has remained an important focus of our organization. Through our charitable investments and community involvement we strive to create partnerships that share our goal of enriching our communities, allowing us to partner on strategic initiatives while supporting community needs that positively impact the community at large.
Types Of Funding Opportunities Available:
Charitable Contributions are donations to qualified 501 (C) (3) organizations, as defined by the Internal Revenue Service to support in the delivery of services and programs.
Sponsorships are financial contributions made to qualified nonprofit organizations as defined by the Internal Revenue Service. Sponsorship amount levels are approved depending on alignment to priority areas identified by PCU, type of activity being proposed, and marketing opportunity for PCU.
In-Kind Donations can encompass gifts with the Pawtucket Credit Union logo for charitable auctions, donations of equipment, expertise, facilities, technical resources, and participation of staff in volunteer activities through hours of community service.
PCU’s Investing in Your Future Scholarship awards four (4) $2,000 one-time scholarships to college bound high school seniors. We are now accepting applications for scholarships from current high school seniors planning to enroll college/university in Fall 2020. Click here to learn more.
Pawtucket Credit Union unfortunately cannot support every project that seeks funding. Therefore, to assist in determining if it is appropriate to submit a proposal, you should know that we will not review requests that fall into the following categories:
- Colleges and Universities (non-capital campaigns)
- Fraternal or political organizations
- Trips, tours, transportation costs, seminars and conferences
- Scientific and medical research
- To cover operating deficits
- Annual operating support
- Payment on loans (including loans from Pawtucket Credit Union)
- Local Chapters of national health
You may apply online or in writing on official organization stationary (we do not accept proposals via fax). Proposals must contain the following:
- Organization name, address and name of Executive Director
- Contact person, title and telephone number
- Amount requested
- Brief description of the organization’s mission
- Current list of Board of Directors
- Geographic area & target population served by the organization
- Brief description of the purpose for funds requested
- Project budget (if applicable)
- IRS letter confirming tax-exempt status, 501 (C) (3)
It will take approximately 4 weeks for a request to be reviewed by the Corporate Investment Committee. A site visit and additional information may be required prior to a final determination.
Please be advised that we make every effort to assist as many organizations as possible in the communities that we serve. To accomplish this we ask that requests for donations, advertising, sponsorship, and grants be limited to a consecutive three-year period for each organization. After this three-year period, organizations are asked to suspend funding requests for at least one full calendar year before re-applying.
A sample of financial literacy topics we present are listed below.
- Financial Wellness – attendees learn how they can make financial wellness part of a healthy lifestyle. We will review types of financial health indicators, what they mean and offer tips for staying financially fit.
- Financial Recovery – this workshop assists attendees in developing a roadmap to financial recovery. Action steps will include how to address past credit mistakes, build savings, and create a spending plan.
- Debt Warning Signs – most people have debt, but carrying too much debt can lead to a financial crisis. This workshop will address warning signs and strategies to follow in order to avoid getting in over your head.
- Understanding and Protecting Your Credit – this workshop outlines what a credit report is and offers a basic understanding of what the information represents. Strategies to help prevent identity theft are also addressed.
We can also customize a workshop to best suit your needs. For more information, please contact our Financial Education Coordinator.
Through PCU’s financial literacy program, we collaborate with the members of our communities to provide valuable financial literacy education to those who need it most. We partner with more than 20 organizations, including area high schools, transition academies, junior high schools, summer work programs, and other community organizations to provide face to face financial literacy education to students. Our work going into the class-room; providing an online curriculum; and hosting an authentic learning experience helps empower students to develop healthy lifelong personal financial decision-making skills.
What We Offer:
Our program, based off of the National Endowment for Financial Education’s High School Financial Planning Program, helps students identify their money management goals, develop a budget, understand the cost of using credit, learn about banking products and develop skills to become in-formed consumers.
- Experienced presenters deliver quality financial education lessons to students.
- Presentations can reiterate lessons already being taught in class, or bring in a new, practical subject to benefit students.
- We collaborate with teachers, helping them achieve their educational goals by bringing in lessons the teachers’ find most beneficial, and tailor material to meet students’ needs.
- PCU is flexible in accommodating various schedules.
- In conjunction with NEFE materials, presenters tie in many resources to provide current, useful curriculum to students.
Pawtucket Credit Union is proud to support RI schools with a computer based program, helping teachers tie state of the art financial literacy tools into their own lesson plans.
Real World Day
For over a decade, PCU has hosted Real World Day—a financial simulation where high school students can apply lessons learned in a hands-on, engaging environment.
- This authentic learning experience allows students to see how financial literacy lessons play out in real life.
- Real World Day provides teachers an immersive teaching tool they may not be able to provide on their own.
- Students have the opportunity to interact with professionals from the community, in a college environment.
Before the Fair:
Within the classroom setting, students learn necessary skills to understand the real world financial decisions they will need to make on a regular basis.
During The Fair:
Students will put knowledge into action. They take their monthly “income” and create a realistic budget by making decisions about housing, transportation, savings, food, and other expenses after visiting each booth.
After the Fair:
Once their budgeting sheets are complete, a team of financial advisors will review their information. If an error has occurred, students must re-enter the fair, identify where they can save on costs or spend additional funds and adjust their numbers accordingly.