Provided by Primary Financial Company, LLC., this turnkey program combines CD investing and issuing with the advantages of competitive rates and consolidated reporting.
Save time through convenient, efficient investing:
No more phone calls to multiple issuers to find competitive rates
No more multiple wire transfers to invest in multiple CDs
Flexible terms and amounts that fit into your investment strategy
Free third-party performance reviews on issuers that help you make more informed decisions
Consolidated monthly reports for easier accounting and auditing
The security of investing with federally insured institutions
Deepen relationships with your institutional members by taking advantage of the Institutional Investor Program
Features:
A one-stop shopping online platform for investing and issuing insured deposits
Work with an investment representative or invest yourself online
Visibility to CDs available to your credit union in terms ranging from six months to five years, and in amounts ranging from $99,000 to $20 million. Placements are made by purchasing multiple CDs in amounts between $99,000 and $250,000 at separately insured issuers
A detailed tracking system ensures no more than the Standard Maximum Deposit Insurance Amount of principal is placed in any single financial institution within the SimpliCD program
SimpliCD purchases the CDs in a custodial capacity on your behalf, passing all federal insurance benefits through to you. You remain the legal owner of the CDs
All of your earnings are tracked, monitored and collected by SimpliCD so you receive a single consolidated monthly interest payment for all of your SimpliCD investments that received interest that month
Settlement with no transaction fees
Institutional Investor Program
Benefits:
Safety – SimpliCD only uses issuers offering FDIC or NCUSIF insurance. Also, as a CUSO, Primary Financial regularly provides the NCUA access to its books and records and is audited annually by an independent accounting firm.
Flexibility - Terms from 30 days to 5 years are available and your member can set the issuer criteria, such as Veribanc ratings and geographic locations.
Convenience – Purchases take only one phone call to Corporate One’s investment department. Once the order is received Corporate One and Primary Financial take care of the rest. From placing funds with CD issuers and providing confirmation statements accompanied with performance reviews, to providing consolidated interest payments, your institutional members will save tons of time.
Performance – Rates come from a competitive pool of nationwide issuers and are quoted “net to you” with no extra fees or charges