Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
NCUF Members Trust offer Charitable Lead Trust CIF option
MADISON, Wis. (11/29/11)--In an alliance with MEMBERS Trust Co., FSB, the National Credit Union Foundation (NCUF) has expanded its Community Investment Fund (CIF) options to include a Charitable Lead Trust commonly used by foundations nationwide. 

Through CIF, credit unions can participate in and support the programs and grants that NCUF and the state credit union foundations provide.

With the new Charitable Lead Trust option, NCUF will receive annual payments calculated as a percentage of the market value of the assets held in the trust for three to five years. Unless a donor credit union elects to renew the trust at the end of this payout period, the remaining assets in the trust will be returned to the credit union. 

The first investors in the new Charitable Lead Trust option are GTE FCU in Tampa, Fla., and BECU, Tukwila, Wash.

Earlier this year, NCUF and MEMBERS Trust entered into a strategic alliance to offer two new CIF options--an insured certificate of deposit Custodian Account and a Part 703 compliant Investment Trust. Both options are still available, with $15 million currently invested from credit unions.

Overall, $30 million is invested in the three MEMBERS Trust Co. CIF options, which includes $15 million invested by BECU and GTE FCU in the new Charitable Lead Trust option.
Other Resources

RSS print
News Now LiveWire
For the last 75 years, even in the most difficult of times, Mill Town #CU has been there for the community it serves. Read #NewsNow Tues.
3 hours ago
The 1st vid shows how consumer can become victim and, advice to those who think they've been targeted. http://t.co/hr9VHpzEze
7 hours ago
.@TheNCUA has released two videos designed to raise awareness of elder financial abuse. http://t.co/iddSxr7H40
7 hours ago
Celebrate #100MM with @MDDCCUA1 at Orioles v Blue Jays tonight at Camden Yards
8 hours ago
The At Home In Lawrence mortgage program from @MetroCU is designed to help revitalize Lawrence, Mass.
8 hours ago