What is the Community Investment Fund (CIF)?

...an easy way for credit unions to make a big impact.

Celebrating its 12th year, the Community Investment Fund (CIF) gives credit unions the ability to leverage their investments to support innovative credit union programs.

Credit Unions invest in a Community Investment Fund account (through a corporate credit union, MEMBERS Trust Company, or National Cooperative Bank). What happens then? Each quarter, a portion of the CIF dividend is returned to the investing credit union. The other portion of the CIF dividend is donated to NCUF. NCUF then grants half of its NCUF dividend to each investing credit union's state foundation or league for their development programs. NCUF uses the remaining portion of the CIF dividend to support its national programs that help consumers achieve financial freedom through credit unions.

Everyone wins - your investment makes an impact in your state and around the country.

More information on the Community Investment Fund:
http://www.ncuf.coop/home/community_investment/community_investment.aspx

More information on the National Credit Union Foundation:
http://www.ncuf.coop

Questions? Contact NCUF's Josie Collins at jcollins@ncuf.coop.

Category:

Nonprofits & Activism

Tags:

• creditunions
• financialfreedom
• nonprofit
• community
• ncuf
• charity