Through credit unions’ impact investing, the Community Investment Fund (CIF) & Charitable Donation Account (CDA) have generated millions of dollars to fund and support local and national financial literacy, development and scholarship initiatives. Started in 1999, the CIF was designed to leverage the interdependence of the credit union system for the greater good. It provides credit unions the opportunity to donate a portion of the dividends earned on certain investments to the Foundation and state credit union foundations.
Through credit unions’ generous investments, the National Foundation has led financial literacy programs such as Biz Kid$ and Reality Fairs, provided people with access to affordable financial services, savings and asset accumulation, and much more.
Through those same generous contributions, credit unions have supported state credit union foundations’ work to assist small credit unions with appropriate technology, extend credit union services to the unserved or underserved, countless financial education projects for youth and adults, scholarships to credit union staff, disaster relief, consumer education programs, in-school branches, international partnership programs and more.
That’s widespread impact. That’s the credit union difference. That’s hope. Your investment can change someone’s future.
The Foundation has two mechanisms on which it relies, and in addition to direct contributions, to help fund its activities:
Community Investment Fund (CIF)
- Charitable Donation Account/Charitable Lead Trust (CDA/CLT)