Primary Financial Co. LLC, a CUSO owned by 27 corporate credit unions, said 2008 was a banner year that generated $650 million in liquidity for credit unions and $215 million in yield to investors.

The Westerville, Ohio-based CUSO, which serves 4,000 credit unions through its SimpliCD certificate placement service, recently released its 2008 annual report. Primary Financial said it secured $9 billion in brokered certificate of deposit placements. It also said net income reached almost $4 million and its corporate credit union owners earned fees and distribution payments of more than $8 million.

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