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Value proposition
The Institutional SimpliCD Sales program expands your investment offerings without a substantial investment of time or resources. You will be able to gain market share from your institution members that wasn’t possible before this solution was available.
How Does it Help My Members?
If you’re like many credit unions, your institutional members – unions, public funds, trusts, hospitals, foundations, churches, corporations – may be depositing funds in CDs with area banks, savings and loans, or other brokerage firms in order to maintain their insurance requirements and to diversify their investment portfolio.
Now, through a new institutional investor program, Corporate One can allow your institutional members to invest in SimpliCD through your credit union. The SimpliCD program will offer your institutional members a convenient way to diversify, saving them time and energy.
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 are audited annually by an independent accounting firm.
- 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. - 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.
- Performance – Rates come from a competitive pool of nationwide issuers and are quoted “net to you” with no extra fees or charges.
How It Works
Your credit union receives SimpliCD rates for institutional investors each morning via e-mail. If a purchase is desired, your member may contact the designated representative(s) at your credit union or Corporate One. Once the purchase is made, a confirmation and performance review(s) of the CD issuers will be sent to your member and your credit union will be sent a transaction summary showing all of your member's activity. Also, at the end of the month, you'll receive a statement summarizing your member’s holdings, transactions and interest income.
Getting started is easy. Just complete the Contact Us form and a representative will contact you.
