NCUA Guarantees 2-Year CIF CD

What is the Community Investment Fund (CIF)?

The Community Investment Fund (CIF) is a unique, social investment opportunity for your credit union. Credit unions investing in the CIF enhance the credit union movement by supporting the National Credit Union Foundation and the state foundation (or league) in their state with a new source of revenue to meet increased needs for educational scholarships and development of strategic objectives that would not otherwise be possible.

How does it work?

A credit union invests funds in a special CIF account at WesCorp. The corporate credit union in turn reinvests the funds in a specifically designed account with U.S. Central Credit Union. Your credit union will receive a portion of the CIF return and a portion of your dividend will be directed to the National Credit Union Foundation, as well as the state foundation in your credit union’s state (or your state league if your state does not have a state credit union foundation).

Your investment in the Community Investment Fund (CIF) supports domestic and international credit union development. A percent of the return on your CIF investment goes to the National Credit Union Foundation in support of national and international development initiatives.