Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Novartis FCU deposits 325K in Alloya CIF option
WARRENVILLE, Ill., and EAST HANOVER, N.J. (4/3/12)--Novartis FCU, East Hanover, N.J., has deposited $325,000 in the new Community Investment Fund (CIF) option offered by Alloya Corporate FCU, Warrenville, Ill.

The CIF deposit made by the $125 million asset credit union will support national and state services that include financial education, professional development, community outreach and emergency assistance.

The CIF option was created through a partnership among Alloya, the National Credit Union Foundation and participating state foundations, including the New Jersey Credit Union Foundation.

Credit unions must be a capitalized member of Alloya to use the CIF option, which has a $1,000 minimum investment. Eligible credit unions can choose their investment amount, term and preferred earnings distribution ratio.


RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
18 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
19 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
21 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
21 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
1 Day ago