How the Community Investment Fund Works

Watch the Video:

Investment Options:

CIF with National Cooperative Bank(NCB)
Visit www.cifwithncb.coop to learn more and to invest.

CIF with MEMBERS Trust Company
Visit www.memberstrust.com/cif to learn more and to invest. Click here to watch a short webinar.

MEMBERS Trust Company offers three investment options:
1) Charitable Lead Trust - NCUF will receive annual payments calculated as a percentage of the market value of the assets held in the trust for a three- to five-year period. Unless donor credit union elects to renew the trust at the end of this payout period, the remaining assets in the trust will be returned to the credit union. 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
Click here to learn more and to invest (for Ohio & New Jersey CUs).

Traditional CIF with Corporate Credit Union Network
Contact your corporate to make an investment or a designated corporate such as Corporate One.

IMPORTANT UPDATE: As of October 2010, only 90-day investments can be made in the traditional CIF. Credit unions who want to make new CD investments are encouraged to invest in CIF with NCB to support our critical programs and grants.

Current 2-Year CD traditional CIF investments are guaranteed by NCUA’s Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP). Credit unions who still want to support their state foundations and the National Credit Union Foundation but want to withdraw their money out of traditional CIF can do so but will have to pay an interest penalty.

Suggested Investment Levels

1) Chairman’s Club: Investments of 0.25% of assets, or $2 million +.

2) Leadership Circle: Investments of 0.1% of assets, or $1 million.

3) Investors' Circle: Investments of less than 0.1% of assets.

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.

For more information...