New Community Investment Fund Option Available for New Jersey Credit Unions with Corporate One

Friday, August 19, 2011 11:21:00 AM

HIGHTSTOWN, N.J. - New Jersey credit unions have another way to invest in the Community Investment Fund (CIF) thanks to a new alliance between Corporate One FCU, the New Jersey Credit Union Foundation (NJCUF) and the National Credit Union Foundation (NCUF). The CIF is a unique way for credit unions to support the state CU initiatives of the New Jersey Credit Union Foundation and the NCUF's national programs and grants.

"Community Investment Fund support helps the New Jersey Credit Union Foundation continue programs like the popular Financial Reality Fairs and BEST Internship Program. This new investment option provides you with added flexibility to help support our initiatives and the initiatives of the National Foundation," said NJCUF Treasurer and NJCUL President/CEO Paul Gentile.

Due to the uncertainty of the future of US Central, the new Corporate One CIF option offers credit unions the ability to choose products such as callable and bullet U.S. Government agency securities, as well as negotiable certificates of deposit (CDs). No capital is required on the part of the credit union and Corporate One membership is not required to invest. Corporate One can also help credit unions who want to ensure a fixed amount is returned to the foundation(s) by choosing the appropriate products to fit their asset/liability strategy.

Credit unions interested in investing in CIF can learn more by contacting Corporate One at 800-366-2677 or in an October 13th 10 a.m. Webinar which will explain this new investment option for credit unions. For more information on the Webinar or to register, please contact Candice Nigro at cnigro@njcul.org.

      

Comments

Comments are closed on this post.