Iowa Credit Union Foundation

ICUF Newsletter: Thank You to Our Most Recent Donors

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Thank You to Our Most Recent Donors View webpage version.

January 2018

ICUF Receives $50,000 Donation

Thank you to AMC and the Iowa Credit Union League (ICUL) for the charitable donation of $50,000 to the Iowa Credit Union Foundation (ICUF).

With this donation ICUF is able to invest more in grants, scholarships and programs for serving credit unions and members in service to its mission to empower people and communities to achieve financial well-being by championing the credit union philosophy of "people helping people."

2018 ICUF Annual Appeal Raises Record Breaking $70,000

The following credit unions made a charitable donation during ICUF's annual appeal included in the 2018 ICUL dues solicitation. Thank you for this generous support!

1st Gateway Credit Union
5 Star Community Credit Union
Advantage Credit Union
Affinity Credit Union
Allen Hospital Personnel Credit Union
Ascentra Credit Union
Casebine Community Credit Union
Cedar Falls Community Credit Union
CENT Credit Union
Chicago Central and Commerce Credit Union
Collins Community Credit Union
Community 1st Credit Union
Community Choice Credit Union
Des Moines Metro Credit Union
Dupaco Community Credit Union
DuPont Employees Credit Union
DuTrac Community Credit Union
Financial Plus Credit Union
First Class Community Credit Union
Fort Dodge Family Credit Union
Lennox Employees Credit Union
Linn Area Credit Union

MEMBERS1st Community Credit Union
Metco Credit Union
Midland Credit Union
Midwest Community Credit Union
N.W. Iowa Credit Union
Nishna Valley Credit Union
North Iowa Community Credit Union
North Star Community Credit Union
North Western Employees Credit Union
Peoples Credit Union
Power CO-OP Employees Credit Union
Premier Credit Union
Quaker Oats Credit Union
River Valley Community Credit Union
River Valley Credit Union
Sioux Valley Community Credit Union
The Hub-Co Credit Union
Town and Country Credit Union
Tradesman Community Credit Union
United Credit Union
University of Iowa Community Credit Union
Village Credit Union

Warren A. Morrow Scholarship Applications Due Feb. 9

Encourage your members to apply for the 2018 Warren A. Morrow Scholarship! ICUF will award $5,750 in scholarships to Iowa credit union members who are high school seniors or graduates. Applications are due Feb. 9, 2018.

Click here to view information regarding the essay topic, rules and deadlines.

Download materials to promote the 2018 Warren A. Morrow Memorial scholarship program:

Questions? Contact info@iowacreditunionfoundation.org.

Guest Feature: Charitable Donation Accounts


	Erin O'Hern, Director, League Compliance Services at Policyworks LLC.

The holiday season may be ending, but the season of giving is year-round. A tool that credit unions may find helpful to bolster their philanthropy is a Charitable Donation Account (CDA). In 2015, the Iowa Division of Credit Unions (Division) released an Interpretive Bulletin allowing credit unions to utilize CDAs under a new NCUA rule permitting this specific type of investment account. CDAs are hybrid charitable and investment vehicles that allow broader investment strategies than are generally permitted under credit union investment rules. Under the CDA rule 51 percent of the total return on investment must be distributed to 501(c)(3) non-profit organizations.

Keep in mind CDAs are investments that may carry additional risk so detailed due diligence will be needed. The Administrative Bulletin lays out the specific requirements credit unions must meet to take advantage of this alternate investment power. Before starting a CDA credit unions must apply to the Superintendent with a plan demonstrating compliance with the CDA requirements.

To learn more about the Division's application process and requirements, click here.

Disaster Relief Funds Available to Iowa Credit Union Members

ICUF is proud to support Iowa credit union members who have been displaced from their home for an extended period of

time through our Disaster Relief Grant program. These funds are available to support our credit union members in time of need. We encourage credit union members to apply.

Should a member of your credit union suffer a natural disaster, click here to learn more about the grant and find our application.

Save the Date for the ICUF Golf Classic on Wednesday, June 13, 2018

Our annual golf classic will take place at Brown Deer Golf Club in Coralville on Wednesday, June 13. Iowa credit union leaders and sponsors will compete in a four-person best shot golf outing to support ICUF. Mark your calendar and stay tuned for more information.

Biz Kid$ Financial Ed Grants Now Available from NCUF

Biz Kid$ Financial Education Grants may be used to fund innovative programs that improve the financial education of youth through the use of the Biz Kid$ program.

Credit Union organizations can now apply for a Biz Kid$ Financial Education Grant from the National Credit Union Foundation (the Foundation) through March 31, 2018. The Foundation is looking to distribute up to $75,000 in grant funds to credit union organizations as part of this effort.

The application can be found here or by visiting ncuf.coop/bkgrants

For questions regarding any information in the newsletter, please contact Jaimie Miller

at 515.221.3001.

ICUF was established in 1995. Our mission is to empower people and communities to achieve financial well-being by championing the credit union philosophy of "people helping people."

Iowa Credit Union Foundation, 1500 NW 118th Street, Des Moines, IA 50325

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