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
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
23 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
1 Day ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
1 Day ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
1 Day ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
1 Day ago