Community Investment Fund

Optional CIF Funds

What are the different funds for and how are they split with NYCUF and other organizations?

Community Investment Fund (General CIF)

A fund earmarked to support projects and initiatives of the NCUF and the NYCUF. NCUF splits their portion of the dividends 50/50 with the NYCUF.

International Development Fund

A donor-designated fund earmarked for projects and initiatives of the World Council of Credit Unions (WOCCU). NCUF receives a 15% management fee and the remaining portion is split between WOCCU and the NYCUF.

Pete Crear Fund

A donor-designated fund earmarked for projects and initiatives of the African-American Credit Union Coalition (AACUC). NCUF receives a 15% management fee and the remaining portion is split between AACUC and the NYCUF.

Community Investment Fund Account Agreement