The National Credit Union Foundation (NCUF) said it issued $152,282 in fourth quarter disbursements through the Community Investment Fund (CIF), bringing the total amount disbursed by NCUF during 2002 to $408,045. The NCUF noted that each of the 29 states with credit union investments receives a pro rata share of the disbursement. At the end of 2002, the balance of the Fund was $153 million.
Proceeds from $103 million of the CIF have been designated for the Callahan Fund, which was established by NCUF in honor of Ed Callahan's retirement from Patelco CU, and which supports Foundation projects in the areas of financial literacy and cooperative development. Investments in the Callahan Fund will be accepted through the end of March.
For info: www.ncuf.coop.