Community Development Linked Deposits

Overview

The Illinois State Treasurer’s Office seeks to invest State capital in ways that deliver both financial and community value. Community Development Linked Deposit programs support that mission by helping strengthen Illinois communities while preserving principal and generating competitive earnings for the State.

How Community Development Linked Deposit Programs Work

Through Linked Deposit programs, the Treasurer’s Office deposits money in approved financial institutions at a below-market rate. Those financial institutions, which include community banks, credit unions, and savings and loan companies, then use that money to provide low-interest loans to qualified borrowers in accordance with the guidance and terms of the Treasurer’s Office. In the end, the Treasurer’s Office earns an investment return on the money deposited, the participating financial institution earns interest on the money lent, and qualified borrowers in Illinois gain access to reduced-cost loans they can use to expand their business or improve their farm, for example. 

Community Development Linked Deposit Programs

Invest in Illinois includes Ag Invest, Business Invest – CUP, Community Invest – Opportunity Illinois, and Community Invest – Cannabis Banking Services. Through these programs, the Treasurer’s Office provides funding to financial institutions to help them make low-interest loans to eligible borrowers.

• Ag Invest
  • Operating Line of Credit Loans
  • Long Term and Agri- Business Program
• Business Invest
  • Community Uplift Program (CUP)
• Community Invest
  • Opportunity Illinois
  • Cannabis Banking Services

Become an Approved Program Depository

To join the Community Development Linked Deposits Program, a financial institution must first become an approved State Depository with the Illinois State Treasurer’s Office. This required step allows eligible institutions to participate in linked deposit programs that support community development and expand access to low-interest loans in Illinois.

• Become an Approved Program Depository
• List of Approved Program Depositories
• List of Participating Program Depositories

Community Reinvestment Act

The Treasurer’s Office seeks to encourage an open and effective banking system that grows local communities and boosts Illinois’ economy. By law, the Treasurer’s Office is authorized to consider a financial institution’s record and current level of financial commitment to its local community when deciding whether to deposit State funds in that financial institution. CRA ratings of “Satisfactory” or “Outstanding” are required to allow the deposit of state funds. Exemptions for the Community Uplift Program will be considered for qualified credit unions that do not receive a CRA rating.

• Community Reinvestment Act

Invest in Illinois Daily Rates

View the Invest in Illinois Daily Rates for the Invest in Illinois suite of programs.

Contact Us

For questions, please contact the Invest in Illinois team at 217-558-6217 or investinillinois@illinoistreasurer.gov.