Community Invest – CUP is a consumer-focused loan program. The program offers qualified financial institutions that operate in designated areas (i.e. Illinois Enterprise Zones, Opportunity Zones, Low-Income Communities) access to state impact investment capital at a lower rate, in the form of a time deposit. This gives community banks, local credit unions, and savings and loan institutions in areas of economic development access to additional financial resources, which positions them to increase lending efforts to individuals and spur economic activity.
• Assists financial institutions in providing low-cost consumer loans with a maturity of 1, 2 or 3 years
• Single financial institutions located in a town or city are provided additional eligibility flexibility
Download the Community Invest – CUP flyer for more information.
How to Apply
Step 1: Become an Approved Program Depository
To participate in Community Invest – CUP, financial institutions must be or apply to become an approved program depository with the Treasurer's Office. For more information, please visit:
• Become an Approved Program Depository
• View the current List of Approved Program Depositories
Step 2: Review Eligibility and Submit Application
Approved depositories seeking to determine their eligibility and apply for Community Invest – CUP must review and submit the following document:
• Community Invest – CUP Application
To determine if a financial institution is situated in an Illinois Enterprise Zone, check the Illinois Enterprise Zone interactive map or contact the Illinois Enterprise Zone Program at (217) 524-4144. To determine if a bank is situated in an Illinois Opportunity Zone or Low-Income Community, use the Opportunity Zone Eligibility Tool or the Illinois Opportunity Zones search tool.
Visit the Community Development Linked Deposit page to view the applicable impact investment deposit rates for Community Invest – CUP.
Should you have any questions, please contact Invest In Illinois team at (866) 458-7327 or email CommunityInvest@illinoistreasurer.gov.