UW Credit Union awards $1.5 million in racial equity program grants
Grants target financial stability and the education achievement gap for BIPOC community members
MADISON, Wis. (WMTV) - UW Credit Union will award $1.5 million to 27 organizations in the greater Milwaukee and Madison areas through a racial equity program grant, the business announced Thursday.
The UW Credit Union Fund for Racial Equity is a collaborative effort with United Way of Dane County and United Way of Greater Milwaukee & Waukesha County to remove barriers to economic mobility.
In Dane County, where most UW Credit Union members reside, 19 organizations will receive one-time grants ranging from $25,000 to $200,000, totaling a more than $1 million investment. Eight Milwaukee-area organizations will receive $25,000 per year for two years, according to UW Credit Union.
Several of the program grants address educational inequities in Dane County, focusing on increasing financial stability and closing the education achievement gap for BIPOC community members, the credit union said.
Demarius Jury, treasurer for the credit union’s Black Excellence employee resource group, referred Milwaukee-based Urban Underground for emergency funding earlier this year. Jury participated in their after-school program in high school and credits those life skills for where he is today.
“Urban Underground was the first time I saw successful, college graduates who looked like me,” Jury said. “It’s amazing to pay that back so many years later and to see the difference those funds will make.”
To see a full list of emergency and program grant recipients, visit UW Credit Union’s website.
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