Credit unions - PowerPoint PPT Presentation

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Credit unions

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Credit unions. invest in one of. three CIF. accounts at. their corporate. credit union ... CIF accounts. at US Central. A portion. of the CIF. dividend is ... – PowerPoint PPT presentation

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Title: Credit unions


1
CIF Flow Chart
Credit unions invest in one of three CIF
accounts at their corporate credit union
Corporates invest in corresponding CIF
accounts at US Central
A portion of the CIF dividend is returned to
the investor and a portion goes to NCUF
NCUF General Fund projects and Callahan
Fund projects
Half of NCUFs portion is applied to NCUF
projects and half is given as a grant to
the league or foundation in the state of
investment origin.
Credit union members ultimately benefit
through development initiatives funded by CIF
State and local development projects
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