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MADISON, Wis. – The National Credit Union Foundation reported that, as of March 31, 2004, credit unions in 43 states invest in the Foundation’s Community Investment Fund. Investors now include all 29 corporate credit unions and 490 natural person credit unions. “We are pleased to fulfill our leadership role in our state and are enthusiastic about what the CIF will do to improve the quality of life for the underserved citizens of New Hampshire and across our nation,” said Gordon Simmons, CEO of Service Credit Union in Portsmouth, New Hampshire. Service Credit Union is the first CU in New Hampshire to invest in the CIF. The return on money invested in the CIF is split between the depositing credit union, the Foundation which uses it in its grant programs, and the state credit union foundations and leagues in the states where depositing credit unions are located. The CIF disbursed $296,064 to states as of the end of March which brings the disbursement to states to $1.3 million. More than $323 million has been invested in the CIF since inception, the Foundation said.

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