Credit Unions Make a Difference with Community Investment Fund
Several credit unions in Missouri are supporting the Missouri Credit Union Charitable Foundation (MCUCF) by investing in the Community Investment Fund (CIF). CIF supports innovative credit union programs that benefit communities and members—both on a national and state level.
“The Community Investment Fund helps credit unions expand their capacity to serve members and communities, while earning a return on their investments,” says Maria Langston, executive director of MCUCF.
CIF is a unique shared investment program that strengthens the credit union movement. When a credit union invests in CIF through the National Cooperative Bank (NCB), that credit union receives 50 percent of the dividend income. The remaining 50 percent is donated to the National Credit Union Foundation (NCUF), half of which is given to MCUCF.
Participating credit unions in Missouri include Anheuser-Busch Employees’ Credit Union (St. Louis), Central Missouri Community Credit Union (Warrensburg), Mazuma Credit Union (Kansas City), Southpointe Credit Union (St. Louis) and more.
“Thank you to the credit unions that have decided to invest in the Community Investment Fund,” says Langston. “Their participation promotes programs that enrich the lives of credit union members throughout Missouri.”
On a state level, MCUCF can use CIF grants for financial education, programs, community development initiatives and credit union scholarships.
Nationally, NCUF uses the funds to support REAL Solutions, financial education (Biz Kid$ and grants), credit union development education (CUDE) and disaster relief.
To learn more about CIF, contact Maria Langston at 314.542.1344 or via email.