A Charitable Donation Account Opportunity
In March 2024, the African-American Credit Union Coalition (AACUC) announced the Future Fund, a long-term investment program to fund and sustain critical initiatives of the AACUC in serving the credit union industry (Read full press release here). As part of the Future Fund effort, ALM First has launched a charitable donation account (CDA) private investment fund to benefit the AACUC. The fund adheres to NCUA regulations governing CDA investments, and for credit unions investing in the fund, a share of the portfolio proceeds will be automatically distributed to the AACUC on a quarterly basis.
Why Invest
By channeling investments into the AACUC Future Fund, credit unions contribute to the realization of the organization’s current mission while laying the groundwork for future initiatives. The fund’s proceeds will be strategically allocated to:
Internships and Leadership Development
- Establishing a succession pipeline for the credit union system
- Securing the legacy of mentorship and professional development
Small Credit Union Sustainability
- Ensuring the viability and vibrancy of credit unions at risk of mergers, acquisitions, and member attrition
Wealth Building and Community Impact Programs
- Amplifying initiatives to close the racial wealth gap
- Improving financial access, inclusion, and well-being for communities of color
Operating Reserve for Future Sustainability
- Funding to ensure the continued reach of AACUC across the credit union movement
Structure
How It Works
Managed by ALM First, the AACUC Future Fund operates as a charitable donation account (CDA) investment fund. Credit unions can invest up to 5% of net worth in CDA investments, with 75% of the portfolio’s income after expenses distributed quarterly to the AACUC. The remaining 25% is available to investors.
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Structured as a Limited Liability Company (LLC) private investment fund.
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Investors receive a Private Placement Memorandum (PPM) and execute an LLC agreement for a pro-rata share of fund assets.
Strength
Shaping The Future
Join us in shaping the future of credit unions through the AACUC Future Fund. Your investment empowers lasting change and strengthens the foundation of the credit union movement. Together, we build a legacy of financial inclusivity and empowerment for all.
For more information, contact aacuc@almfirst.com.