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ICUF Newsletter: October 2012 — 
 
Iowa Credit Union Foundation
ICUF Newsletter: October 2012
In This Issue
Individual Development Accounts
Children's Miracle Network
Community Investment Fund
Financial Education
Upcoming Grant and Scholarship Deadlines
Quick Links
2012 ICUF Silent Auction Thank You
ICUF sincerely thanks those who either donated or purchased an item at the 2012 ICUF Silent Auction.
 
The proceeds from the event will go towards ICUF programs and services that help your credit union, staff and members.   
Download the 2011-2012 ICUF Annual Report
  
Order Financial Education CDs Today!
   
Want to Receive ICUF Newsletters?
  
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. 
Individual Development Accounts
 
Calling Recent IDA Success Stories
If your credit union had an IDA success story recently, we want to hear from you. ICUF would like to share the success stories with legislators in the upcoming legislative session. These efforts will help show how credit unions demonstrate the "people helping people" philosophy. Click here to view past success stories. 
 
If your credit union has a story to share, contact Marybeth Foster at 800.860.6180 x3001.
Children's Miracle Network
 
We Appreciate Your Support of Miracle Jeans Day
Each and every day, kids are treated for injuries and illnesses of all kinds at the Children's Miracle Network Hospitals in Iowa. Your donations provide hope and healing for thousands of children in your community. Miracles are happening for families in Iowa, thanks to your support: MJDay
  • Affinity Credit Union
  • Ascentra Credit Union
  • Capitol View Credit Union
  • Community 1st Credit Union
  • Dubuque Teachers Credit Union
  • Lennox Employees Credit Union
  • Midland Credit Union
  • North Star Community Credit Union
  • Scott Schools Credit Union
  • The Family Credit Union
  • Three I Credit Union
  • Tradesmen Community Credit Union
  • United Service Credit Union

Once you collect your donations, you can submit them online with a credit card or simply download the donation submittal form which includes mailing instructions and send it in with your check.

 

CU4Kids' Holiday Icon Campaign

Save the date for Credit Unions for Kids' third and final national compaign for 2012. From November 1 through December 31, credit unions are encouraged to provide members the opportunity to display their name on a winter-themed paper icon in exchange for a dollar donation to your local CNM Hospital. There are a variety of fun shapes to choose from including footballs, snowflakes and snowmen.
 

Click here for more information or to order your icons today!

  

Community Investment Fund
 
New Investment Option for CIF 
Corporate One Federal Credit Union and the NCUF have partnered to offer a new investment option for the NCUF's Community Investment Fund (CIF). As you may know, the CIF is a unique investment vehicle that credit unions can leverage to support their state foundation initiatives while also supporting the NCUF's national programs and grants.
 
The new CIF option is a result of the winding down of the traditional CIF option through U.S. Central, which allowed credit unions the ability to make low yielding demand deposit investments. The Corporate One CIF option allows credit unions the ability to choose products such as callable and bullet U.S. Government agency securities, as well as negotiable certificates of deposit (CDs). No capital is required on the part of the credit union and Corporate One membership is not required to invest. Corporate One can also help credit unions who want to ensure a fixed amount is returned to the foundation(s) by choosing the appropriate products to fit their asset/liability strategy.

 

To participate in the Corporate One CIF Option, credit unions invest in a government-issued security or a federally insured CD. As interest is paid on the investment, a share of the interest is returned to investing credit unions, with the remaining share being split 50/50 between the NCUF and ICUF. NCUF uses the remaining portion of the CIF interest to support its national programs such as BizKid$ and CUAid.

 

Questions? Contact Marybeth Foster at 800.860.6180 x3001.

 

Financial Education
 
Educating Our Youngest Members
The financial education initiative that we began 18 months ago has had a great effect on what credit unions are doing in their communities, for their employees, and in schools. This month we turn our focus on the youngest members - the future of our credit unions. 
 
Common barriers between parents and children are around not knowing what to say, kids shutting down because their parents sound "preachy", and missing the teachable moments throughout the day or week. We've made this process simple and transferable by creating a document that can be handed out to members who are doing transactions with or for their children. We recommend having stacks of these handouts close by teller windows. 
 
It's a small gesture on the part of credit unions to make sure that parents are having money conversations with their kids. Read more

Download the document and customize with your credit union's logo and information.
 
ICUF's Financial Education Consultant
As a reminder. ICUF's Financial Education Consultant, Adam Carroll, is available to provide training and technical assistance to Iowa credit unions on financial education thanks to a grant from the Northwest Area Foundation. 
 
To set up a time for financial education consulting, contact Adam at 515.991.7146. 
Upcoming Grant and Scholarship Deadlines
 
Grant and Scholarships Deadline December 7
 
2013 Small Credit Union Planning & Technology Grant
This grant allows Iowa credit unions under $25 million in assets to apply for funds to purchase new technology or for credit union strategic planning or consultation needs. Deadline for applying is December 7. Download the application.   

2013 Small Credit Union ICUL Legislative & Regulatory Conference Grant
This grant allows one manager and one board member of Iowa credit unions under $25 million in assets to apply for funding to attend the 2013 Iowa Credit Union League's Legislative & Regulatory Conference in Des Moines. Deadline for applying is December 7. Download the application.

 

League President's Scholarship
The scholarship provides Iowa credit unions, their employees and their chapters with funding for ICUL education events, national schools, internal educational activities, community educational projects and certification programs.Deadline for applying is December 7. Download the application.

Warren A. Morrow Memorial Scholarship
The FIB scholarship has been renamed the Warren A. Morrow Memorial Scholarship, in memory of the late CEO of Coopera. ICUF would not be where it is today without Warren's talents and visions. This scholarship will keep his spirit alive by providing young adults and nontraditional students with education opportunies.

The scholarship deadline is February 1. Download the scholarship poster today.  
 
 
 
This email was sent to oliviam@iowacreditunions.com by marybethf@iowacreditunions.com |  
Affiliates Management Company | 1500 NW 118th Street | Des Moines | IA | 50325

 


   
   
Iowa Credit Union Foundation | 1500 NW118th Street | Des Moines, Iowa 50325 | P 800.860.6180 | info@iowacreditunionfoundation.org