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COMMUNITY INVESTMENT FUND

Credit unions can contribute to the Minnesota Credit Union Foundation (MnCUF) 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.

The CIF provides a unique vehicle to support financial education, professional development, community outreach and emergency assistance, not only in Minnesota, but across the country as well.

For more information on how the CIF works, please visit the NCUF website or watch the video below!

With questions about the Community Investment Fund, please use the contact information included below or call NCUF Director of Resource Development & Donor Relations Josie Collins at (800) 356-9655, ext. 4397.

Investment Options

 

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. In addition, these products are fully insured up to $250,000. Credit unions can choose from three options how much of the base rate will be contributed to NCUF – 50%, 75% or 100%. A minimum investment of $10,000 is required for this CIF option. The renewal for these products is automatic unless credit unions select otherwise. Click here for more information and/or to invest in CIF with NCB. 

Alloya Corporate Federal Credit Union
Capitalized members of Alloya Corporate Federal Credit Union can now utilize this channel to invest in the CIF. Introduced in March 2012, Alloya investments earn market rates, and options include variable rate share accounts and CDs with terms of six-months, 12-months, 18-months, two years and three years. Additionally, Alloya offers the lowest minimum investment amount at $1,000. Click here for more information and/or to invest in CIF with Alloya. With questions, contact Alloy’s member services at (800) 342-4328.

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, including  

  1. NCUF Charitable Lead Trust (CLT): NCUF will receive annual payments calculated as a percentage of the market value of the assets held in the trust for a three- or five-year period. The CLT allows the donor credit union to better match their investment strategy to their charitable intent while maintaining ownership of the assets. Designated as a Charitable Asset, the CLT allows for a conservatively managed portfolio of high quality fixed income and equity securities. The recommended minimum deposit is $500,000.
  2. NCUF Charitable Investment Trust: MEMBERS Trust Company, as trustee, shall manage the assets in a trust according to the Federal Credit Union Act Part 703 of NCUA Rules & Regulations and other applicable laws. The recommended minimum deposit is $500,000.
  3. NCUF Federally Insured Account: An account using the Certificate of Deposit Account Registry Service Program (CDARS) that allows credit unions to invest in federally insured CD’s up to $50 million. The recommended minimum deposit is $250,000.

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. With questions, contact Jason Ritzenthaler at (813) 631-9191 ext. 705.