Community Rewards® Giving
Our primary giving program, Community Rewards®, represents our values, supports our objectives, and strengthens the well-being of the communities where we live, work, and play. Community Rewards beneficiaries are nonprofit organizations that make a measurable, positive impact in the communities they serve.
Community Rewards FAQ’s
Why do I need to supply Patriot Act paperwork?
Patriot Act paperwork is used to help the government prevent or identify terrorism funding and money laundering activities. Federal law requires that all financial institutions obtain, verify, and record information that identifies each person who opens an account.
What is the difference between Community Rewards beneficiary support and sponsorship support?
Groups who request funding through Community Rewards must be charitable 501(c)(3)-eligible nonprofit organizations who have applied through our process. Sponsorship requests do not require 501(c)(3) status but must show how the request fits Nusenda Credit Union’s focus areas of support.
Are all funding requests approved?
Only requests that qualify will be approved. All requests are evaluated on a per-case basis, and all applicants will be notified regardless of the funding decision. We receive many more qualified applications than we have available funding.
What is the application process timing?
Applications for Community Rewards will open the second week of August and close the last business day in September, annually. Community Rewards distributions are made annually. Recipients will be notified in the winter prior to distribution.
Incomplete applications will not be considered. Nusenda Foundation does not fund individuals, political organizations, for-profit organizations, organizations not providing services in our geographic focus areas, or organizations that discriminate on the basis of race, sex, or religion. Nusenda Credit Union and the Nusenda Foundation reserve the right to deny any request. All decisions are at the discretion of the organization. Features of the program are subject to change, and the program may be withdrawn at any time.