WARRENVILLE, Ill. — Balance Sheet Solutions' SimpliCD program is expanding beyond natural person credit unions, the CUSO announced today. The wholly-owned subsidiary of Members United Corporate Federal Credit Union recently partnered with Cincinnati's West Ohio United Methodist Credit Union to offer the turnkey investment service to its member churches.
"Rather than seeing funds permanently limited at the insurance limit, the credit union can now facilitate another investment option for their member churches through our Institutional SimpliCD program," said Balance Sheet Solutions President Tom Moore. He added that additional United Methodist Church credit unions across the country are also interested.
Credit unions also benefit by collecting a fee for each SimpliCD investment sold to non-person members, which include unions, municipalities, hospitals, foundations, churches, corporations, colleges and universities, lodges, police and firefighter organizations and other cooperatives.
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