NCUF Disbursed Almost $200,000 In First Quarter 2003

MADISON, Wis. – The National Credit Union Foundation’s Community Investment Fund disbursed $189,000 to its investing credit unions in the first quarter of 2003 and had disbursed more than $1 million since the Fund got underway on January 1, 1999. The Community Investment Fund, which began accepting investments on January 1, 1999, is a partnership between the NCUF, the Association of Corporate Credit Unions (ACCU), and the American Association of Credit Union Leagues (AACUL). It provides funds for national and state level development initiatives and a stable source of funding for NCUF grantmaking and endowment growth, the NCUF said. Distributions received by each state are used to promote credit union development.