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MSCUA Current Initiatives
This page contains information about products, services or other issues to which MSCUA would like to call special attention.
Use the link above to help prepare your credit union for pandemics, hurricanes or other emergencies.
Fraud-Net is used to combat financial crimes. It allows financial institution personnel and law enforcement to exchange reports on incidents of fraud and robbery, and to track reports in a secure computer network. It aids investigations by allowing reports to be sorted by type, geography and other categories.
Through an agreement with the MS Bankers Association, the MS Credit Union Association provides Fraud-Net as a member service free of charge to all member institutions. To join,
click here to visit the Fraud-Net site, then click on ‘New Users Register Here,’ and follow the instructions.
iBelong Cooperative Statewide Awareness Campaign
Findacreditunion.com
Find A Credit Union is an important component of the iBelong campaign website,
www.ibelong.org. Credit unions are strongly encouraged to make sure their Find A Credit Union information is accurate and up-to-date during this campaign. For details on how to update your credit union's findacreditunion.com listing,
click here.
Community Investment Fund
The Community Investment Fund (CIF) is the National Credit Union Foundation's primary funding mechanism for local, state and national credit union development activities. A partnership of the Foundation, U.S. Central Credit Union, corporate credit unions and state leagues, CIF is a unique, win/win/win investment opportunity for credit unions.
Credit unions investing in CIF through their corporate credit union receive at least 50 percent (50%) of the dividend on the investment. Up to 50 percent (50%) of the return is distributed to the National Credit Union Foundation, half of which the Foundation returns, pro-rata, to the leagues or state credit union foundations in the states of investment origin. These funds, at the national and state level, are earmarked specifically for development initiatives that increase credit unions' capacity to impact the financial lives of consumers, including education, small credit union programming, community outreach and international development. The National Credit Union Foundation has placed a cap of 2% on the portion of the dividend they are to receive. Therefore, any dividend over two percent is returned to the credit union.
For More Information
To learn more about the CIF, please contact Charles Elliott at (601) 981-4552.