MADISON, Wis. (12/7/11)--Members Trust Co. is offering a free webinar "National Credit Union Foundation (NCUF) Charitable Lead Trust--A Charitable Investment to Match Your Charitable Intent," at 3:30 p.m. CT Dec. 19.
Webinar participants can learn about NCUF's new Charitable Lead Trust Community Investment Fund (CIF) option from Tom Walker, president/CEO, and Jason Ritzenthaler, CFA, CTFA, vice president, trust and investments, of Members Trust Co.
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 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.
Members Trust Co. FSB is a special purpose savings bank chartered by the Office of Thrift Supervision and owned and managed by credit unions. The company was initially formed in 1987 by Suncoast Schools FCU and has more than $900 million in assets under management.