Have a spare $100,000 looking for a rewarding place to park? Corporate One says it may have the solution in new off-balance sheet mutual fund products–provided by Federated Investor Funds–that are fully compliant with NCUA Rules and Regulation Part 703, said Robert Post, chief investment officer for the Columbus, Ohio-based corporate credit union.
"This is designed to get a credit union a much better yield than leaving the money in cash," added Post.
Corporate One offers two funds: the Federated Adjustable Rate Securities Fund (FEUGX) and the Federated Government Ultrashort Duration Fund (FGUSX).
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? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
