August 22, 2005 - Help the Foundation reach its $8 million goal

INDIANAPOLIS – The attached letter from the Indiana Credit Union Foundation Board of Directors will be sent to all Indiana credit unions this week asking for help in the fundraising efforts of the Foundation. Please consider this email a preview so you can begin thinking about how you want to participate. Specifically, the letter asks you to consider supporting the Foundation by making an investment in the Community Investment Fund (CIF) through the corporate credit union network. A portion of the dividends from these investments is returned to the state and national foundations to support their efforts in strengthening credit unions through scholarships and assisting credit unions in reaching out to their communities through various projects. Included with the letter when mailed is a brochure that provides the details of the CIF investments. With interest rates increasing, now is a good time for credit unions to consider a CIF investment. There are no special accounting requirements for credit unions participating in this program.

The Foundation Board has set a goal of $8 million in CIF investments by the end of 2005. Currently, 16 credit unions have invested $5,814,000 in this program. Please consider joining these 16 credit unions, and contact the investment department of your corporate credit union to make a CIF investment today.

Please feel free to contact Joe Guilfoy with any questions that you have.