Free Webinar will Cover MEMBERS Trust Company’s CIF Options
Credit unions are invited to register for a free webinar from MEMBERS Trust Company – “Community Investment Fund (CIF) Investment Options: Paying more than just Dividends and Interest.” The 20-minute webinar will be held August 24, 2011 at 3:30 CT (1:30 PT | 4:30 PM ET).
Webinar participants will get a chance to hear more about MEMBERS Trust Company and their CIF investment options from Jason Ritzenthaler, CFA, CTFA – Vice President, Trust & Investments, MEMBERS Trust Company, FSB.
How Does CIF with MEMBERS Trust Company Work?
The National Credit Union Foundation’s Community Investment Fund gives credit unions the ability to leverage their investments to support innovative credit union programs in their state and around the country. To participate in CIF with MEMBERS Trust Company, credit unions invest in either of the following:
- CIF Investment Trust – a conservatively managed 703 permissible funds portfolio. The minimum recommended investment is $500,000.
- CIF CD investment – fully FDIC insured up to $50,000,000. The minimum recommended investment is $250,000.
A portion of the return goes back to investing credit unions, with the remaining share being paid to the NCUF, half of which is then granted to the credit union’s state credit union foundation or league. NCUF uses the remaining portion of the CIF interest to support its national programs including:
- REAL Solutions®
- Financial Education including Biz Kid$ & Grants
- Credit Union Development Education
- CUAid – Disaster Relief
It’s an easy way to make a big impact!
To learn more about CIF and other investment options, credit unions can contact their state credit union foundation, league or NCUF’s Resource Development & Donor Relations Director Josie Collins at firstname.lastname@example.org or at 800-356-9655, ext. 4397.
About MEMBERS Trust Company (memberstrust.com):
MEMBERS Trust Company, FSB is a special purpose savings bank chartered by the Office of Thrift Supervision and owned and managed by America’s Credit Unions. The company was initially formed in 1987 by Suncoast Schools FCU and has $675 million in assets under management.