Verity Credit Union — which focuses on socially responsible banking and has locations in Auburn, Lynnwood, Seattle, and West Seattle — this week announced a new campaign offering flexible grant funding and other support to small businesses and nonprofits that serve and uplift their communities.
Verity’s Grants for Growth initiative expands its Microgrant Program, now called its Nonprofit Microgrant, to include Microbusiness Grants.
The move further leverages Verity’s Community Development Financial Institution-aligned status to strengthen community wealth and expand opportunities for historically excluded entrepreneurs and grassroots organizations in Washington, it said in a news release.
Microbusiness Grants range from $7,000 to $10,000, offering flexible funding and relationship support for small-business owners with less than $1 million in annual revenue and fewer than 10 employees. Applications open Oct. 15 and close Nov. 2. Eligible applicants include BIPOC-, women-, LGBTQ+-, and veteran-owned businesses operating for fewer than five years.
Nonprofit Microgrants, previously part of what was known as the Microgrant Program, offer up to $5,000 in flexible funding and relationship support for grassroots 501(c)(3) organizations with assets of less than $250,000. Applications opened Oct. 1 and close Nov. 2. Eligible nonprofits must be led by or serve historically marginalized communities and advance social justice, environmental justice, equity, or financial wellness.
Beyond direct funding, grant recipients gain ongoing relationships and advocacy, including increased visibility, financial coaching, and access to additional Verity resources such as business loans.
Credit union membership is not required, and prior applicants are welcome. Grant applications will be evaluated by a Verity review committee focused on alignment with Verity’s values, potential community impact, and financial need.
“Grants for Growth is an extension of Verity’s mission to put people and community before profit, extending and deepening relationships,” Verity CEO Tonita Webb said in a statement. “Through this initiative, we seek to give business owners and nonprofit leaders support, building confidence and camaraderie. By removing barriers and centering, we’re helping local businesses and nonprofits grow in ways that honor their values and strengthen our region.”