MADISON, Wis. – The National Credit Union Foundation’s Community Investment Fund distributed over $243,000 in the second quarter of 2003, lifting its total disbursements since its inception to more than $1.315 million. The Foundation also reported that it is growing closer to its goal of raising $400 million for the CIF by the end of this year and $1 billion by the end of 2004. As of June 30, 2003, investments in the fund reached $286 million. The disbursement went to 35 state credit union leagues, foundations and credit unions. They must be used in one of five ways: education of credit union and league employees and volunteers; public education initiatives related to consumer finance; projects and programs that support new, small or community development credit unions; programs or projects that extend credit union services to the full-range of membership, with emphasis on the unserved or underserved and international partnerships.

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