The National Credit Union Foundation has launched a CharitableLead Trust as a new way for credit unions to support their ownstate development programs and grants and the nationalorganization's efforts in consumer financial education.
The trust, first announced in the spring, is an expansion of optionsfrom the existing Community Investment Fund. It allows the NCUF toreceive annual payments for three to five years based on apercentage of the market value of the assets held in the trust.
The funds are used to support programs and grants provided by the NCUF and state credit unionfoundations, and after that three- to five-year period is up,remaining assets are returned to the credit union.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
