MADISON, WI – The National Credit Union Foundation (NCUF) issued $76,301 in second quarter disbursements to 26 state credit union

leagues/foundations participating in the Community Investment Fund (CIF). Each participating state receives a pro rata share of the

disbursement. In addition, $80,000 is being added to NCUF's general funds in support of 2001 grant programming.

At the end of second quarter 2001, 275 credit unions and one state credit union foundation had invested $41.7 million in the fund. The

NCUF has disbursed $159,731 so far this year.

“The Community Investment Fund has allowed us to engage more credit unions in funding development than ever before,” says RoxAnne Kruger-

Monahan, senior vice president of the Washington Credit Union League. “We have some credit unions that were not financially able to make

direct contributions, but really wanted to support community development and other development projects. CIF is an excellent opportunity for

them to participate.”

The Washington Credit Union Foundation is the first non-credit union to invest in CIF. They recently invested $50,000 in the fund.

“CIF has enabled us, through our International Development Committee, to provide funding for our Philippines partnership project,” adds

Kruger-Monahan. “We have also awarded a grant to our Youth Development Council to initiate consumer education in the high schools. We're

really trying to promote the need for financial education in our schools and CIF is allowing us to fund these additional projects.”

The fund, which began accepting investments on January 1, 1999, is a partnership between the NCUF, the Association of Corporate Credit

Unions (ACCU), and the American Association of Credit Union Leagues (AACUL). It provides funds for national and state level development

initiatives and a stable source of funding for NCUF grantmaking and endowment growth. Distributions received by each state are used to

promote credit union development.

Visit the NCUF website at www.cuna.org/ncuf.html for more information on the CIF, including details on invested credit unions and

participating states, or contact Kris Hoffman, NCUF Development Associate at 1-800-356-9655, ext. 4397.

Established in 1980, NCUF is the U.S. credit union movement’s primary charitable and fundraising organization for worldwide credit union

development. The foundation has given more than $8.4 million in grants, including $5 million to international development, $1.6 million for

domestic credit union development, $2 million for disaster relief at home and abroad, national model programs and scholarships. Visit the

Foundation’s web site at www.cuna.org/ncuf.html.

Second Quarter 2001 CIF Fund Disbursements By State

State 2nd Qtr 2001

Arizona $ 1,300

Arkansas $ 332

California $ 10,106

Colorado $ 4,506

Florida $ 2,226

Illinois $ 12,848

Iowa $ 1,100

Louisiana $ 928

Minnesota $ 1,555

Missouri $ 1,258

Montana $ 421

New Mexico $ 133

New Jersey $ 477

New York $ 3,520

North Carolina $ 17,366

Ohio $ 4,015

Oregon $ 1,172

Pennsylvania $ 2,973

Rhode Island $ 147

Texas $ 3,091

Vermont $ 830

Virginia $ 98

Washington $ 3,762

West Virginia $ 704

Wisconsin $ 1,433

Wyoming $ 31

Total $ 76,332