| Allegacy FCU |
Blue Flame CU |
Carolina Employees CU |
| Carolina Foothills FCU |
Carolinas Telco FCU |
Carolina Trust CU |
| Century Employees SFCU |
Charlotte Metro CU |
Coastal FCU |
| CPM FCU |
Duke FCU |
First Carolina Corporate FCU |
| Founders FCU |
Greenville FCU |
Heritage Trust FCU |
| Local Government FCU |
Members CU |
Mountain CU |
| Piedmont Aviation CU |
Premier FCU |
Riegelwood FCU |
| SCCUMA |
SC Telco CU |
Self Help CU |
| Sharonview FCU |
Family Trust FCU |
Spartan FCU |
| Spartanburg Regional FCU |
State Employees CU |
Summit FCU |
| Truliant FCU |
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Credit union invests in a special investment with First Carolina Corporate Credit Union. This investment is the credit unions investment, carried on your books as an investment and can be invested in:
90 Day Share Account 1 Year Certificate 3 Year Certificate
The earnings on these investments are shared with the Carolinas Credit Union Foundation (CCUF) and the National Credit Union Foundation (NCUF). These earnings are normally split in the following way:
Credit unions investing in CCIF through First Carolina Corporate Credit Union receive 50% of the dividend of the investment. The remaining 50% of the earnings are forwarded to the Carolinas Credit Union Foundation and shared with the National Credit Union Foundation.
There is a 2% cap of the earnings, currently, forwarded to CCUF. This means that in a rate environment that the investment earns more than 4%, the dividend over 4% is returned to the credit union.
Example:
A credit union invests $1 million in CCIF in a 3-year certificate earning 5.35% with earnings are split as follows:
First 2% to the investing credit union
Next 2% to CCUF
Additional 1.35% to the investing credit union, or the credit union earns 3.35%
Please contact John Slack at the Carolinas Credit Union Foundation or contact Fred Eisel or Scott Wood at First Carolina Corporate directly to discuss your investment in this important fund.
Please consider getting involved in supporting your Foundation.
