National Credit Union Foundation CIF Fund Hits Milestone With Help of Corporates

MADISON, Wis. – Deposits in the National Credit Union Foundation's Community Investment Fund have reached a $250 million milestone. "Reaching this milestone is a testament to the strength of this movement and the desire of all to see it succeed," said Chuck Purvis, NCUF chairman and Coastal FCU president. CIF funds distributed to states support state foundation programs that strengthen and support credit unions striving to serve unique needs in their marketplace. New deposits include the followin g: * WesCorp $15 million * First Carolina Corporate CU and Volunteer Corporate CU $10 million * SunCorp $9.9 million * Empire Corporate FCU $9.5 million * Missouri Corporate CU and Southwest Corporate FCU $5 million * Kansas Corporate CU $1.5million * Northwest Corporate CU$1.4 million The Corporate Credit Union Network has committed to helping the Foundation reach its goal of $1 billion in deposits by the end of 2004.