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Submit Community Investment Advance (CIA) applications at least 24 hours prior to the requested advance date. Applications can be submitted by fax to 515.699.1270 or by email to CommunityInvestment@fhlbdm.com.
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How to fill out community investment account

01
Step 1: Start by researching community investment accounts offered by various financial institutions.
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Step 2: Compare the features and benefits of different community investment accounts.
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Step 3: Choose a financial institution that offers a community investment account that meets your requirements.
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Step 4: Gather the necessary documents such as identification, proof of address, and social security number.
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Step 5: Visit the chosen financial institution's website or branch and complete the community investment account application form.
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Step 6: Provide the required information, including personal details, contact information, and employment details.
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Step 7: Specify the amount you wish to invest in the community investment account.
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Step 8: Review the terms and conditions of the community investment account carefully.
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Step 9: Sign the application form and submit it along with the necessary documents.
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Step 10: Wait for the financial institution to process your application and open your community investment account.

Who needs community investment account?

01
Individuals who are looking to invest their money for community development and social impact.
02
Businesses that want to allocate a portion of their profits towards community development initiatives.
03
Non-profit organizations that receive grants or donations and want to invest the funds for the benefit of the community.
04
Social enterprises that aim to generate both financial returns and positive social outcomes.

What is Community Investment Account - Connecticut General Assembly Form?

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A community investment account is a financial account specifically designed to hold funds intended for community development and investment projects, aimed at enhancing local economic growth and providing social benefits.
Entities or individuals who manage or oversee community investment accounts, typically non-profits, local governments, and certain businesses engaged in community development, are required to file a community investment account.
To fill out a community investment account, one must collect relevant financial data, complete the required forms detailing the income, expenses, and investment activities, and submit the documentation to the appropriate regulatory authority.
The purpose of a community investment account is to mobilize and allocate funds efficiently for community-focused projects that drive economic and social development, thereby improving the quality of life for residents.
Information that must be reported includes the account balance, sources of funds, expenditures, project outcomes, and any financial transactions related to community investments.
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