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July 1, 2026 — Redstone Federal Credit Union announced today that it will be accepting applications for its Community Impact Grant program starting July 1, which will award up to $750,000 to nonprofit organizations working to strengthen communities across the Tennessee Valley.
In celebration of Redstone's 75th Anniversary, the credit union is making its largest investment yet through the program, awarding individual grants of $50,000 or more to support nonprofit initiatives focused on improving career and college readiness for students in kindergarten through twelfth grade. Building on Redstone's longstanding commitment to community investment, the funding will help organizations equip the next generation with the skills, knowledge, and opportunities needed for long-term success, while creating lasting pathways to stability, growth, and achievement.
“Redstone is committed to improving the financial well-being of our members and communities,” said Joe Newberry, President and CEO at Redstone Federal Credit Union. “Strong communities are built through meaningful partnerships, and we believe investing in organizations doing transformative work creates opportunities that can positively impact lives for generations.”
In its inaugural year in 2025, Redstone awarded $230,000 in grants to three nonprofit organizations working to address urgent community challenges and create greater opportunities for individuals and families. The recipients included Creative Cities Fund for its Raise Your Hand Initiative, Aum Foundation, USA, Inc. for its Aum Campus Housing Initiative and Hustle Recovery, Inc. for its efforts to expand recovery and workforce development initiatives in Middle Tennessee.
Newberry added that the success of the inaugural grant recipients demonstrates the lasting impact community partnerships can have on families and neighborhoods facing economic and social challenges.
“When nonprofits are equipped with resources and support, they can transform lives in extraordinary ways,” Newberry said. “From expanding housing opportunities to workforce development and recovery services, these organizations are meeting people where they are and helping create pathways toward stability, dignity and hope.”
Applications for the 2026 Community Impact Grant program open July 1 and close July 31 at midnight. Following the application period, submissions will undergo committee review and Board recommendations in September, with Board approval taking place between September and November. Grant award recipients will be announced by mid-December.
The program is open to organizations serving Cullman, Jackson, Limestone, Madison, Marshall and Morgan counties in Alabama, as well as Lincoln and Rutherford counties in Tennessee. Membership required; visit redfcu.org/join for details. Restrictions apply.
For more information about the Community Impact Grant program or to apply, visit www.redfcu.org/grant.
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