Save time and effort while you earn competitive yields. The SimpliCD Purchase program, a brokered certificate program provided by Primary Financial, streamlines the process of investing excess funds in federally insured certificates of deposit, offered by credit unions and banks.
So your credit union can focus on key priorities, SimpliCD does the following:
- Investigates potential issuers
- Provides a free, independent bank rating of the institution
- Presents suitable instruments
- Simplifies reporting
Your credit union authorizes each CD purchase in amounts between $99,000 and $250,000 at separately insured issuers.
SimpliCD tracks, monitors and collects all of your earnings. You'll receive a single consolidated monthly interest payment for all of your SimpliCD investments that accrued interest that month.
In addition to your daily transaction statements, SimpliCD provides you with one monthly statement that details your entire SimpliCD portfolio.
And now more convenient than ever before, Alloya Investment Services’ online investment management system – Premier Portfolio – enables credit union investment professionals to gain direct access to the SimpliCD portal to execute trades and purchase CDs at anytime from anywhere. To learn more about Premier Portfolio, visit www.alloyacorp.org/invest-premier-portfolio/.
For credit unions tight on liquidity, SimpliCD also provides a convenient, centralized method to raise funds by issuing CDs. To learn more about the SimpliCD Issuance program, visit www.alloyacorp.org/invest-simplicd-issuance.
Who said investing can’t be easy?
Through Premier Portfolio, your credit union can get direct access to the SimpliCD Online trading platform where your investment decision makers can execute certificate purchases any time, day or night.
Just recently, SimpliCD enhanced its online platform with customizable alerts and notifications to make it easier for your credit union to outpace fast-moving rates and build your best-yielding portfolio.
Watch the video to hear all about it.