If you are in need of liquidity or simply looking for a secondary liquidity source, look no further than
SimpliCD Issuance. Primary Financial, the custodian of the SimpliCD program, is a credit union owned entity created to serve credit unions. For more than 20 years, credit unions of all sizes have relied on SimpliCD to quickly and easily generate deposits without the hassle, time, and expense of doing it themselves.
SimpliCD Issuance is the issuance of federally insured share certificates to other credit unions. With one phone call, and very little paperwork, a credit union can issue up to $50 million or more in shares in a single transaction to the SimpliCD network of more than 4,300 credit unions across the country. SimpliCD Issuance provides a primary source for liquidity by attracting deposits from other credit unions with excess liquidity looking to invest through SimpliCD. SimpliCD issuance complements or provides a competitive alternative to FHLB advances or other funding alternatives.
SimpliCD Issuance is the only source you need to raise liquidity with nonmember deposits, and getting started couldn’t be simpler! SimpliCD Issuance simply requires a 1-page Acceptance of Non-Member Deposits Agreement to begin. That’s it!
For more information or to get started, contact engage@millenniumcorporate.org or click here!
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