From: Marybeth Foster []

Sent: Monday, October 18, 2010 1:30 PM

To: Olivia Maiers

Subject: ICUF Newsletter: Fall 2010


Iowa Credit Union Foundation 


Fall 2010 Newsletter



Click here to download the 2010 ICUF Annual Report


2011 Money Smart Week: April 2-9


2010 Credit

Unions For Kids Holiday Icon Campaign:

November 1-December 21


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ICUF was established in 1995. Its mission is to help Iowans build wealth, responsibility and independence, with the vision to eliminate poverty in the State of Iowa.




Terry Maloy Joins ICUF Board 


The Iowa Credit Union Foundation is pleased to welcome Terry Maloy to the Board of Directors. Terry is the CEO of Community 1st Credit Union in Ottumwa.




Adam Carroll joins ICUF as Financial Education Consultant

AdamCarrollAdam Carroll has been hired as a Financial Education Consultant by ICUF. Adam will provide training and technical assistance to Iowa credit unions on financial education thanks to a grant from the Northwest Area Foundation. He will also develop turn-key solutions and templates for credit unions to use to deliver financial education and will also teach credit union staff the best ways to present this information to their members.

Adam is the founder of National Financial Educators, a financial literacy program designed to educate college students across the country. He published "Winning The Money Game" in 2005 and has spoken about the importance of financial education to more than 150,000 people from all age groups, income demographics, and backgrounds.

Contact Adam at or 515.991.7146.




Financial Education Grants Available - Apply Today!


The ICUF Financial Education Grants were created to help credit unions develop a financial education program or enhance an existing financial education program.

These grants should be seen as seed money, rather than the only funding source for a program. The credit union must be a member in good standing of the Iowa Credit Union League.

Click here to
download the application. Application deadline is Wednesday, November 3. Contact Marybeth Foster at 800.860.6180 x3001 with any questions.




Download the ICUF Financial Education Toolkit 

Iowa credit unions understand the importance of improving their community's financial education. The Iowa Credit Union Foundation has identified several financial education resources available and compiled this information into a
Financial Education Toolkit

This toolkit will provide you with even more resources to continue those efforts and help Iowans increase their financial IQ. More information can be found in the Financial Education section of the ICUF website. 




FIB Scholarship: Essay Question Announced


The essay question for the 2011 FIB scholarship is:
What does the phrase 'living within your means' mean to you?  How can your credit union help you achieve this?"

Beginning with 2011, the FIB application process will be completely online. The application will be ready in the coming weeks. Information will be sent to credit unions when the website is ready and the deadline for 2011 has been set. Stay tuned!




Small Credit Union Grants


With the generous support of Veridian Credit Union, small credit unions can apply for grants to assist with new technology to enhance the credit union's operations or for a manager and board members to attend the CUNA Governmental Affairs Conference in Washington, D.C.

Applications are due November 12, 2010 and be found in the
Grants and Scholarships area of the ICUF website.




2010 Convention: Thanks for your support! 

Thank you for making the ICUF events at the 2010 Iowa Credit Union Convention such a success! This year's Silent Auction netted $5,900, which is $800 more than raised in 2009! Whether you participated in the Silent Auction or attended the 2010 Benefit Night, we thank you for your support.




Update on CIF Certificates at Members United

Credit unions investors in the
Community Investment Fund (CIF) have another opportunity to support the National Credit Union Foundation (NCUF) while securing a full federal guarantee for the next two years thanks to a recent National Credit Union Administration (NCUA) extension.

NCUA will guarantee all principal and quarterly fixed-rate dividend payments on new two-year certificates of deposit (CDs) in CIF made before Dec. 31 this year under its Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP). The agency recently announced that it extended the expiration date of its TCCUSGP to Dec. 31, 2012 from Sept. 30, 2012.

How Does CIF Work?
Celebrating its 11th year, the Community Investment Fund gives credit unions the ability to leverage their investments to support innovative credit union programs. Iowa credit unions can invest in a Community Investment Fund account at their corporate credit union. Each corporate credit union invests in corresponding CIF accounts at US Central.

Each quarter, half of the CIF dividends are returned to investing credit unions. Half of the CIF dividends are donated to NCUF. NCUF grants half of its NCUF dividend to the Iowa Credit Union Foundation. NCUF uses the remaining portion of the CIF dividend to support its national programs including:

  1. REAL Solutions
  2. Credit Union Development Education
  3. Innovation Grants
  4. CUAid - Disaster Relief

Alternatively, earlier this year NCUF announced another way for credit unions to invest in CIF - CIF with NCB. NCB, FSB (NCB) is a federally charter thrift and a wholly owned subsidiary of the National Consumer Cooperative Bank. For more information on this option, visit

For more information, contact Marybeth Foster, ICUF Executive Director, at or 800.860.6180 x3001.




National Credit Union Foundation Seeks Nominations for Two Board Seats

The National Credit Union Foundation (NCUF) is seeking nominations for two board seats - both are for credit union executive or director seats. Volunteers serve up to three three-year terms on the NCUF Board as long as they are re-nominated by the NCUF Governance & Nominations Committee and re-elected by the NCUF Board.
Each candidate must be an executive officer or director of a credit union serving consumers.

How to Apply 

Qualified candidates interested in applying for either of these two seats can click "
Volunteer for our Board" from the NCUF homepage for the declaration of candidacy document.

Applications must be received by October 29, 2010.  
Selection Process 
NCUF's Governance & Nominations Committee will review all candidates and recommend a slate of nominees to the NCUF Board. The NCUF Board will vote on the nominees in December.

Board Meeting Dates 
In January, NCUF's Board will elect its table officers  at its organizational meeting. This will mark the first of three face-to-face meetings planned for 2011:  

  • Organizational Meeting: in January (location TBD)
  • Spring/Summer Meeting: May or June in Madison, Wis.
  • Fall Board Meeting: September in Alexandria, Va. 

To see current members and terms, click "Board Seats Open for Nominations."




For more information on any of the information listed above, please contact Marybeth Foster, ICUF Executive Director, at or 515.221.3001.


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