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Invest in community

Charitable Donation Account

Increase your credit union’s charitable giving with a Charitable Donation Account (CDA). This customizable solution is designed to give you the flexibility to donate to those in need, while creating a potential source of additional investment income for your credit union.

Strengthening relationships

Build your image while giving to those in need

By choosing a CDA, your credit union can potentially give more while strengthening your bottom line at the same time. This flexible program allows your business to donate a minimum of 51% of your CDA return to qualified charities while retaining up to 49% of the investment income.

Key benefits:

  • Customizable plan design: utilize an open-architecture platform with expanded investment options that support your goals.
  • Established and committed partnership:access to a team experienced with the needs of credit unions.
  • Thorough due diligence and compliance support: due diligence and compliance support, including National Credit Union Administration (NCUA) regulatory administrative support.

Recently the National Credit Union Administration (NCUA) Board approved a final rule that adds “veterans’ organizations” to the definition of a “qualified charity” that a federal credit union may contribute to using a charitable donation account.¹

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Customizable solutions

If you’re looking for more information about our benefit options and retirement solutions, visit our Workplace Solutions page. Our experts are ready to help you build a customized package that supports your goals.

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