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NCUF Launches Giving Option

The National Credit Union Foundation has achieved one of its long-term fund raising goals, developing a mechanism that individuals can use to support NCUF programs.

By David Morrison | Updated on November 16, 2010

The National Credit Union Foundation has achieved one of its long-term fund raising goals, developing a mechanism that individuals can use to support NCUF programs.

The foundation has long relied on investments from credit unions and some credit union leagues in a program called the Community Investment Fund to fund its different programs. The foundation invested money it took into the CIF in safe investments like long-term certificates of deposit and then shared the interest with the investors. The mechanism worked well for many years, but the current lower interest environment only heightened the foundation’s desire to expand its donor base.

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