How the Community Investment Fund Works

How CIF Works

Investment Options:

There are currently six partnership programs for new investments:
  1. National Cooperative Bank
  2. MEMBERS Trust Company
  3. Corporate One
  4. Alloya
  5. Catalyst
  6. Volunteer Corporate

CIF with National Cooperative Bank(NCB)
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CIF with MEMBERS Trust Company
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MEMBERS Trust Company offers three investment options:
1) Charitable Donation Account (CDA) - The CDA is a hybrid investment which grants a federal credit union expanded investment powers to fund charitable contributions. Click for more information
2) CIF Investment Trust – a conservatively managed 703 permissible funds portfolio. The minimum recommended investment is $500,000.
3) CIF CD investment - fully FDIC insured up to $50,000,000. The minimum recommended investment is $250,000. How is it insured up to $50 million? MEMBERS Trust Company is a participant in the CDARS network. When CUs make a CD investment with MEMBERS Trust Company, they earn one rate and receive one statement, but their deposit is split among enough participating banks to ensure the full interest and principal is below the $250k FDIC limit. There is sufficient liquidity and participation in the program to offer full FDIC coverage up to $50 Million.

CIF with Corporate One
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CIF with Alloya
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Eligibility – Capitalized members of Alloya Corporate FCU, 50-state availability
Low Minimum – $1,000 to participate
Income – Earn interest at market rates as you support CIF efforts

CIF with Catalyst
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Eligibility – Catalyst membership required
Minimum investment - $10,000
Products - Catalyst certificate of deposit (strictly a CIF investment product) that features maturity options of six months, 12 months or 18 months. Other investment products include a 90-day notice account.
Fixed rates based upon term, amount, and market conditions at time of purchase.

CIF with Volunteer Corporate
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National Donations at Work

The National Credit Union Foundation uses half of its portion of the CIF dividends to support national programs and grants that benefit credit unions and their members.

Click Foundation Programs to see your dollars at work.

State and Local Benefits

National Credit Union Foundation grants the other half of its CIF revenue to each investor's state credit union foundations and leagues.

State foundations and leagues use CIF grants to meet at least one of the following objectives:
  • Financial Education
  • Credit Union Development
  • Credit Union Service Extensions Affordable Housing
  • Community Outreach
  • Scholarships
  • Internships
  • Disaster Relief
  • Many other charitable projects to benefit credit unions and consumers, consistent with NCUF's mission.