A key objective of the Treasurer’s Office is to invest State capital in a manner that supports community development efforts while simultaneously meeting its primary investment objectives of preservation of capital, liquidity, and return on investment.
Illinois has a number of rural and urban communities, throughout the state, that struggle with unemployment, poverty, and large-scale business closings. These communities benefit from private and public-sector investment to stimulate business growth, job creation, and neighbourhood revitalization. The Access to Capital Community Uplift Program (CUP) does just that. CUP enables qualified financial institutions that operate in designated areas (i.e. Illinois Enterprise Zones, Opportunity Zones, Low-Income Communities) to access state investment capital at a lower rate, in the form of a time deposit. This affords community banks, savings and loans and local credits unions in areas of economic development access to additional financial resources. This positions them to increase lending efforts, create jobs, and fund more development efforts. Single financial institutions located in a town or city are provided additional eligibility flexibility.
Since the inception of the program in 2017, approximately $30 million has been deposited with financial institutions to support community development efforts.
Download the Community Uplift Program flyer for additional information.
Eligibility and Application
Step 1: Become an Approved Program Depository
To participate in CUP, institutions must be or apply to become an approved program depository with the Treasurer's Office. For more information on that process, please visit:
• Become an Approved Program Depository
To view the list of approved program depositories with the Treasurer’s Office, please visit List of Approved Program Depositories.
Step 2: Review Eligibility and Submit Application
Approved depositories seeking to determine their eligibility and apply for CUP must review and submit the following document:
• Community Uplift Program Application
To determine if a bank location 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.
Should you have any questions with this process, please contact the Treasurer's Time Deposit Section at (866) 458-7327 or AccessToCapital@illinoistreasurer.gov.
Click here to access the daily rates for the Access to Capital Community Uplift Program.