Membership

MCCF Organizational Structure

The Minnesota Community Capital Fund (MCCF) is a Minnesota nonprofit corporation that is organized and operated exclusively for purposes consistent with Section 501(c)(3) of the Internal Revenue Code.

• Only those entities that participate through the deposit of funds in the MCCF loan pool can become members of the corporation.
• The business affairs of the corporation are conducted under the direction of a nine-member board of directors.
• The corporation has three classes of members, with each class of members having the authority to elect two directors to serve on the board.
• In addition to the six directors elected by the membership, the elected directors are responsible for appointing three at-large directors to the board.
• All directors serve three-year, staggered terms.
• Fund management is provided under contract by the Northland Institute. Scott Martin, Northland President, serves as President & CEO of the Minnesota Community Capital Fund.

MCCF is designed for communities of all sizes, as well as multi-community and regional economic development organizations.