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Community Investment Fund As the primary source of revenue for the New York Credit Union Foundation (NYCUF), the Community Investment Fund (CIF) is a unique opportunity for those seeking to support the work of the NYCUF while investing responsibly on behalf of their own credit union.
CIF Acount Offerings and Investment Levels
How Does The NYCUF Put Your CIF Money To Work?
Community Investment Fund Account Agreement
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The National Credit Union Foundation received the Association of Fundraising Professionals 2005 Award for Excellence in Fundraising for the Community Investment Fund.
How does CIF work?
Your credit union invests in a special CIF Fund at Members United 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. Members United 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 NYCUF through quarterly disbursements.
CIF is proof that there really is strength in numbers.
To date, 85 New York credit unions
have deposited more than $30 million into the Community Investment Fund.
Join the winners’ circle . Plan now to make your CIF investment in 2007 and help NYCUF reach the next goal of $35 million in total investments.
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