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New investment option benefits Community Investment Fund
MADISON, Wis. (10/25/10)-A new two-year certificate of deposit (CD) investment option from National Cooperative Bank (NCB) is available to credit unions seeking to support the Community Investment Fund (CIF) of the National Credit Union Foundation (NCUF). Credit unions that open the two-year CD account at NCB can designate 50%, 75% or 100% of interest earned on the account for donation to the NCUF and state credit union foundations. Credit unions are not required to purchase stock in NCB to participate. “CIF with NCB” was created by a strategic collaboration between NCB and NCUF. Other products include CDs with terms of six months, 12 months, 18 months and three years and a liquid money market deposit account. For more information, use the link.
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