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National Coalition of Firefighters Credit Unions Inc. - Donate

 

Invest in a Charitable Donation Account (CDA)

In December of 2013, the NCUA Board approved a final rule amending the incidental powers rule (Part 721) to clarify that a federal credit union is authorized to fund a CDA, a hybrid charitable and investment vehicle, as an activity  incidental to the business for which a FCU is chartered, provided the account is primarily charitable in nature and meets  other regulatory requirements.
A Charitable Donation Account (“CDA”) investment allows a credit union to make a charitable contribution while allowing the contribution to pay for itself.  Over the last 3-5 years, an investment in the CDA would have allowed a CU  to increase its charitable contributions while retaining a net return significant higher than generated on  its traditional  investments. Please see below the Investment Return Chart.

Learn More:         What Is A Charitable Donation Account? ALM Advantage of a Charitable Donation Account

Who do credit unions contact to make an investment?
Jason Ritzenthaler, CFA, CTFA
Co-Chief Investment Officer MEMBERS Trust
813-386-8705
Jason.Ritzenthaler@memberstrust.com

National Coalition of Firefighters Credit Unions Inc. - Donate

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