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. Investments in NIFCU$ units are not insured or guaranteed by the FDIC, the government, or any other agency.
NIFCU$ is a collective investment fund organized for the exclusive use of credit unions. It invests in short-term money market instruments authorized by the National Credit Union Administration (NCUA) for federal credit unions. NIFCU$ is the only fund in its class with a Aaa-mf credit rating from Moody's Investors Service. The fund includes:
- Servicing credit unions since 1975
- Aaa-mf rated by Moody’s Investors Service since 1997
- NAFCU Services Corporation Preferred Partner
- NCUA approved investments
- Access to professional portfolio management
- Effective diversification tool
- Competitive overnight rates
- Unlimited daily transactions with daily rates posted online
- Same day interest earned on actual investments made before 12:30 PT/3:30 EST
- No minimum account balance
Union Bank®, N.A. (Union Bank), is the Investment Manager of the Fund. HighMark® Capital Management, Inc. (Sub-investment Adviser), a registered investment adviser and an affiliate of Union Bank, has been appointed as the Investment Adviser to manage the assets of the Fund. Union Bank is also the Fund's Trustee and Custodian.
Sponsorship of the Fund
Union Bank®, N.A. and NAFCU Services Corporation are the sponsors of the NIFCU$ Fund.
Independent Public Accountants
Deloitte & Touche serves as the independent public accounting firm to the Fund.
The Fund pays a trust and investment management fee that is computed daily and paid monthly at a maximum annualized rate of 0.25 percent of the average daily net assets of the Fund. In accordance with the Deed of Trust, all reasonable expenses incurred by the Trustee in the administration or preservation of each trust and not reimbursed out of the NIFCU$ Funds shall be charged to the trust or trusts for whose benefit the expense was incurred. Please see the Annual Report for actual expenses charged to the Fund each year.
Download NIFCU$ Brochure
Download the National Investment Fund for Credit Unions (NIFCU$) brochure.
NIFCU$© is a collective investment fund designed to serve the liquidity needs of the credit union industry. Investments in NIFCU$ units are not deposits or obligations of and are not endorsed or guaranteed by Union Bank®, N.A. (Union Bank), or any of its affiliates. Union Bank is the Investment Manager, Trustee, and Custodian of NIFCU$. Investments are not bank guaranteed, not FDIC insured, and may lose value. Please read the NIFCU$ Deed of Trust and Plan of Common Trust Funds booklet, which contains plan documents describing the Fund in detail, before executing any document or investing. Past performance is not an indication of future results.