The Community Investment Fund (CIF) is a unique shared investment program that strengthens the credit union movement throughout Texas, across the US, and worldwide. You choose to help all credit unions make a difference.
As a voluntary, cooperative venture, CIF works thanks to a strong partnership between the National Credit Union Foundation (NCUF), select corporate credit unions , MEMBERS Trust Company, National Cooperative Bank (NCB), and state leagues and foundations including the Texas Credit Union League and Texas Credit Union Foundation.
By investing in the Community Investment Fund, you help to expand the capacity of Texas credit unions to serve their members and their communities, while earning a return for your credit union!
Here are some examples of how the Community Investment Fund helps in Texas:
How CIF Works
The Community Investment Fund (CIF) is the National Credit Union Foundation's primary funding mechanism for local, state, and national credit union development activities.
Credit unions investing in CIF through National Cooperative Bank (NCB) or MEMBERS Trust Company receive 50 percent (50%) of the dividend of their investment. The remaining 50 percent (50%) of the return is distributed to the National Credit Union Foundation, half of which the Foundation returns, pro-rata, to the leagues or state credit union foundations in the states of investment origin. The National Credit Union Foundation has placed a cap of 2% on the portion of the dividend they are to receive. Therefore, any dividend over four percent is returned to the credit union.
Through the Community Investment Fund, credit unions, corporates, foundations and leagues work together to strenghten credit unions and help more people reap the benefits of credit union membership.
CIF Investments provide participating credit unions with safe and flexible options through National Cooperative Bank and MEMBERS Trust Company.
CIF Investment Options
MEMBERS Trust Company offers the following:
CIF with NCB is very similiar to traditional CIF but has some unique features:
You Direct Where Your Investment Works
Through the Community Investment Fund, your credit union becomes an integral partner in shaping credit union outreach initiatives.
CIF funds - at the national and state level - are earmarked for development initiatives that increase credit unions' capacity to impact the financial lives of consumers, including education, small credit union programming, community outreach, and international development.
At the same time, you have the option to designate a portion of your shared returns to benefit specific initiatives or programs that you choose.
Nationally and Worldwide
Just like compound interest, these options multiply and build to make a powerful difference in our state, our nation, and throughout the world.
With CIF, all credit unions have the opportunity to demonstrate their unity of purpose, commitment to community and the combined strength of the credit union movement as a force for good.
CIF Levels of Recognition
Regardless of asset size, the suggested level of investment is 1/10 of 1 percent of assets or $1 million. Three levels of recognition have been identified:
Please click the "Participant Form" link to the left to view the Investor form. Additional information is also posted on the National Credit Union Foundation website, www.ncuf.coop.
Investment information is available at the National Cooperative Bank (NCB) website, www.cifwithncb.coop and the MEMBERS Trust Company website, www.memberstrust.com/cif.
Courtney Moran, Executive Director, Texas Credit Union Foundation
469-385-6448 or 800-953-8283 (TCUF)
Josie Collins, Director of Donor Relations & Events for NCUF
800-356-9655 ext. 4397