Search
 

With $77 million in Sales, Primary Financial's SimpliCD Breaks Single-Day Record

WESTERVILLE, Ohio -- Corporate credit unions that own the SimpliCD, a brokered certificate of deposit solution, set and broke the single day sales record on March 14 with $77 million in sales, according to Primary Financial Co. LLC, the program's operator and custodian.

By Michelle A. Samaad | Updated on May 20, 2008

WESTERVILLE, Ohio — Corporate credit unions that own the SimpliCD, a brokered certificate of deposit solution, set and broke the single day sales record on March 14 with $77 million in sales, according to Primary Financial Co. LLC, the program’s operator and custodian.

The SimpliCD program invests credit union funds in federally insured CDs from nationwide issuers, monitoring all transactions and paying one monthly interest distribution for the entire portfolio. SimpliCD monitors each account in the portfolio, provides reports of all holdings, settlement dates, rates and monthly interest.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.