Community Investment Fund One of the challenges facing the credit union movement today is finding the resources, both human and financial, to meet the growing demands of credit union development. Annual grant requests from credit unions, system affiliated groups, and community organizations consistently surpass the amount of grant funding the Oregon Credit Union Foundation and National Credit Union Foundation are able to provide. To meet these growing demands, the NCUF, in partnership with the Association of Corporate Credit Unions and the American Association of Credit Union Leagues, has established the Community Investment Fund.
The Community Investment Fund (CIF) is a unique shared investment program that strengthens the credit union movement throughout Oregon, across the US, and worldwide. You choose to help all credit unions make a difference. By investing in the Community Investment Fund, you help to expand the capacity of Oregon credit unions to serve their members and their communities, while earning a return for your credit union How CIF Works Your credit union invests in a special CIF Fund at Southwest Corporate FCU.
The average CIF investment is one-tenth of one percent of assets, however, your credit union may wish to invest more or less than the average. Northwest Corporate will then make an investment in US Central CU. CIF earnings are split 50/50 between the investing credit union and the National Credit Union Foundation (NCUF) – with a maximum cap of 2% to NCUF. NCUF then shares a portion of this return with OCUF through quarterly disbursements. CIF is proof that there really is strength in numbers.
For more information on the Community Investment Fund, contact Danielle Brown at 800.688-6098 Ext. 221