Community Investment Fund Supports National & State Initiatives |
|  The Community Investment Fund (CIF) is the National Credit Union Foundation's primary funding mechanism for national and state programs benefiting credit unions and their members.
A partnership between NCUF, the Corporate Credit Union Network, state credit union foundations and leagues, CIF is a unique win/win/win investment opportunity.
Investors in CIF donate half of the dividend to the National Credit Union Foundation. NCUF in turn dedicates half of its portion to national programs:
• REAL Solutions®, empowering credit unions to offer new services that are proving effective in serving consumers who are struggling to save or build assets;
• Biz Kid$, the first PBS-TV series devoted to youth financial education and underwritten by America's Credit Unions;
• Credit Union Development Education, promoting cooperative principles and credit union philosophy to make a positive impact in communities around the world;
• Social Impact Management, making the business case for social responsibility initiatives that meet a “triple bottom line” benefiting credit unions, their members, and their communities;
• Innovation Grants, encouraging credit union innovations through creative grant-making.
• CUAid.coop, supporting the national online fundraising platform for credit union employees and members so that all disaster relief donations go toward grants.
NCUF grants the other half of its portion to the investor's state credit union foundation or league. States can use these CIF grants to:
• Educate credit union employees and volunteers;
• Educate credit union members and potential members;
• Support new credit unions, small credit unions, or community development credit unions;
• Extend credit union services to their full fields of membership;
• Fund affordable housing projects;
• Enhance league projects with similar missions;
• Build a statewide credit union disaster relief reserve.
For this unique way of distributing charitable donations, CIF earned the Association of Fundraising Professionals’ Award for Excellence in Fundraising.
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International Development Fund Supports Initiatives Abroad
The National Credit Union Foundation (NCUF) and the World Council of Credit Unions, Inc. (WOCCU) established the International Development Fund (IDF) as a donor-designated fund through the Community Investment Fund (CIF).
The IDF is a unique investment option for those interested in supporting international credit union development. As with all CIF investments, interest generated by the IDF will be split between the investing credit union, NCUF, and the investor's state credit union foundation or league. NCUF’s portion of the return will be directed into the IDF for international credit union development through WOCCU.
Funds raised by the IDF will help educate credit union employees and volunteers; conduct internship programs and exchange visits of international credit union leaders; build international credit union partnerships and provide public education initiatives related to consumer finance. Funding also will assist with IRnet (International Remittance Network) installations of member credit unions outside of the United States.
Credit unions wishing to participate in this donor-designated fund within the Community Investment Fund should contact their corporate credit union to direct an investment in the CIF. Credit unions should then contact Josie Collins at NCUF to specify the investment is to be earmarked to the International Development Fund. Print the Commitment Form and fax it to (608) 231-4231 if you want to ensure your investment is designated to the IDF.
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Pete Crear Fund Helps AACUC Deliver on its Promise |
| The National Credit Union Foundation (NCUF) and the African-American Credit Union Coalition (AACUC) established the Pete Crear Fund (PCF) as another donor-designated fund through the Community Investment Fund (CIF). The PCF will directly support AACUC initiatives to expand and sustain credit union development programs through financial education, minority internships, and small credit union assistance.
As with all CIF investments, interest generated by the PCF will be split between the investing credit union, NCUF, and the investor's state credit union foundation or league. NCUF’s portion of the return will be directed into the PCF for use by the African-American Credit Union Coalition.
Credit unions wishing to participate in this donor-designated fund within the Community Investment Fund should contact their corporate credit union to direct an investment in the CIF. Credit unions should then contact Josie Collins at NCUF to specify the investment is to be earmarked for the AACUC. Print the Commitment Form and fax to (608) 231-4231 if you want to ensure your investment is designated to the Pete Crear Fund. |
Credit Union Development Education Fund Supports DE Training Program |
| The National Credit Union Foundation (NCUF) established the Credit Union Development Education (DE) Fund as another donor-designated fund through the Community Investment Fund (CIF). This fund will directly support:
- Annual training programs focusing on credit union philosophy, cooperative principles, and credit union development
- Aid international credit union and small credit union staff so they may attend development education programs
- Strengthen cooperative social responsibillity within the credit union movement.
As with all CIF investments, interest generated by the Credit Union Development Education Fund will be split between the investing credit union, NCUF, and the investor's state credit union foundation or league. NCUF’s portion of the return will be directed into the Credit Union Development Education Fund.
Credit unions wishing to participate in this donor-designated fund within the Community Investment Fund should contact their corporate credit union to direct an investment in the CIF. Credit unions should then contact Josie Collins at NCUF to specify the investment is to be earmarked for the Credit Union Development Education Fund. Print the Commitment Form and fax to (608) 231-4231 if you want to ensure your investment is designated to the Credit Union Development Education Fund. |
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