NAFCU: National Association of Federal Credit Unions | Credit Union Short-term Investments, Cash Management | National Investment Fund For Credit Unions (NIFCU$)

National Investment Fund for Credit Unions (NIFCU$)

New! Market Commentary

Download the NIFCU$ 4^th Quarter 2009 Market Commentary.

Overview

The National Investment Fund for Credit Unions (NIFCU$) is one of the industry's premier cash management tools for your credit union's excess overnight funds. A Preferred Partner since 1975, over 1,000 federal and state credit unions nationwide have taken advantage of NIFCU$ to help diversify and enhance yields on their overnight funds.

Products/Services

A common trust fund organized for the exclusive use of credit unions; NIFCU$ invests in short-term money market instruments authorized by the National Credit Union Administration (NCUA) for federal credit unions.

Unlimited number of daily transfers into accounts with no commitment of funds to establish or maintain an account.

No fees for incoming wires, recurring wires or non-recurring wires in excess of $100,000.00.

Certain correspondent and settlement services can be incorporated into a NIFCU$ account, such as settlement of credit and debit cards.

NIFCU$ is Aaa rated by Moody's Investors Service, a nationally recognized statistical rating organization.

Investment Manager/Trustee/Custodian
Union Bank, N.A., is the Investment Manager of the Fund. HighMark® Capital Management, Inc. (Sub-investment Adviser), a registered investment adviser and an affiliate of the Bank, has been appointed as the Investment Adviser to manage the assets of the Fund. Union Bank, N.A. (Union Bank), is also the Fund's Trustee and Custodian.

Fund Sponsor
NAFCU Services Corporation is the sponsor of the NIFCU$ Fund.

Independent Public Accountants
Deloitte & Touche serves as the independent public accounting firm to the Fund.

Fund Expenses
The Fund pays a trust and investment management fee that is computed daily and paid monthly at a maximum annualized rate of 0.25% of the average daily net assets of the Fund. In accordance with the Deed of Trust, the Trustee may charge to the Fund expenses such as audit fees and other administrative expenses.

Benefits