CONTRIBUTION PROGRAMS
There are several ways to contribute to the Minnesota Credit Union Foundation. All Foundation donors receive:
- Recognition in Foundation and Minnesota Credit Union Network (MnCUN) publications that list donors;
- Recognition on the Foundation Donors page along with a link to the contributor’s website;
- Recognition at various Foundation and MnCUN events; and
- Priority notification of Foundation events and opportunities to get involved.
Contribution Levels
The Foundation accepts personal and corporate contributions at the following levels:
- $1-$249 Friend
- $250-$499 Patron
- $500-$999 Benefactor
- $1,000-$2,499 Guardian
- $2,500-$4,999 Champion
- $5,000 + Hero
* Contributions of $1,000 or more qualify for the Credit Union Builder Award
Honorariums or Memoriams
Pay tribute to someone special while supporting the Foundation by making Honorarium or Memoriam contributions. The Foundation accepts these contributions at all times of the year in honor of an anniversary, retirement, or other personal milestone, or in memory of colleagues, friends or loved ones. Contributors will receive a “thank you” and an acknowledgement will be sent to the honoree, or in the case of a memorial, a designated family member. Contributions of $1,000 or more qualify for the Credit Union Builder Award.
Credit Union Builder Award
The Minnesota Credit Union Foundation created the Credit Union Builder Award in 2008 to allow credit unions and organizations to make contributions in honor of or in memory of a significant individual who has been instrumental in their success. Contributions are typically made at a special time of significance, upon retirement, or upon the individual’s passing. For contributions of $1,000 or more, the honoree’s name will be added to a plaque displayed at the Minnesota Credit Union Network office in St. Paul. More information about this award is available on the Credit Union Builder Award page.
Community Investment Fund (CIF)
Credit unions can contribute to the Minnesota Credit Union Foundation by investing in the National Credit Union Foundation’s (NCUF’s) Community Investment Fund (CIF). Through the CIF, which is celebrating its 12-year anniversary in 2011, investing credit unions receive 50 percent of the return, and the remaining 50 percent is split evenly between the MnCUF and the NCUF.
For more information on how the CIF works, please visit the NCUF website or watch the video below!
Community Investment Fund Options
Minnesota credit unions have two investing options for the Community Investment Fund:
- National Cooperative Bank (NCB)
NCB is the bank to the cooperative community. Products offered currently in CIF with NCB include CDs with terms of six-months, 12-months, 18-months, two years, three years, and a liquid money market deposit account – all at competitive rates of interest. Credit unions can choose from three options how much of the base rate will be contributed to NCUF, either 50%, 75% or 100%. Click here for more information and/or to invest in CIF with NCB. - MEMBERS Trust Company
NCUF and MEMBERS Trust Company, FSB have a strategic alliance that creates comprehensive giving options correlated to investment goals and risk. This alliance gives credit unions new alternatives which include an insured CD Custodian Account and a Part 703 compliant Investment Trust. Another option is a Charitable Lead Trust, in which NCUF will receive income payments for a fixed period of time after which the assets and any excess earnings over the annual income payments would be returned to the credit union unless a the term is renewed. Note: A minimum investment of $250,000 is required for CIF with MEMBERS Trust Company. Click here for more information and/or to invest in CIF with MEMBERS Trust Company.