In support of the programs and activities adopted by the Carolinas Credit Union Foundation, the Foundations Board of Directors has created several vehicles by which credit unions, credit union chapters, sponsoring credit union companies, and credit union members may support the Foundations efforts. They include the following:
General Fund: This fund has been established as a discretionary fund designed to support requests for scholarships, disaster relief projects, credit union assistance grants, children advocacy projects, and other projects adopted by the Foundation.
The Larry Johnson Trust Fund: This endowed fund is named in honor of North Carolina Credit Union League retired President Larry Johnson and is designed to provide support for the programs and operations of the Foundation.
Advised Fund: These endowed funds have been established by individuals, groups and credit unions to provide support for specific purposes and require a minimum commitment of $100,000.
Named Fund: Individuals and credit unions have established these endowed funds for specific purposes and they require a minimum commitment of $10,000.
Disaster Relief Fund: These funds are funded by donations to the Foundation and have been established to assist credit unions, credit union employees and volunteers, and organizations that supported credit union members who were victims of disasters.
Carolinas Community Investment Fund is a vehicle where credit unions can assist the Foundation by simply investing funds in a special account with First Carolina Corporate Credit Union. First Carolina Corporate reinvests those funds in a designated account, designed specifically for the Carolinas Community Investment Fund. This investment in the Carolinas Community Investment Fund (CCIF) supports local, national and international development initiatives. To learn more about CCIF, please click CCIF.
