Introducing our new President & CEO Kent Gleason LEARN MORE
Another CUBG Business Lending Bootcamp IN-PERESON SALT LAKE CITY, UTAH JUNE 12-13 LEARN MORE
ONE RINGY DINGY ITEM PROCESSING IS ON THE MILLENNIUM PHONE SYSTEM! LEARN MORE
ANNUAL MEETING 2024 Registration is now OPEN Event Information & Registration The InterContinental at the Plaza | KCMO April 24th - 26th
LADDERING The Simple Yet Effective Approach To INVESTING Learn More

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Weekly Economic Commentary  Monthly Economic & Financial Digest

News & Events

CUBG Business Lending Bootcamp

Join CUBG in Utah for their Business Lending Bootcamp in June!

Millennium Corporate Announces New President/CEO

Kent Gleason, current EVP/COO named Millennium Corporate new President/CEO effective June 1, 2024.

One Ringy Dingy!

Connect with your Item Processing team by calling our toll-free number - 800.721.2677!

Federal Reserve Issues FOMC Statement | March 20, 2024

Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. Read more...

Laddering | The Simple Yet Effective Investment Strategy

Keep it simple, even when it comes to investing, with a LADDER investment strategy!

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Rates & Commentary

Key Rates
Fed Funds Effective 5.330%
1 Month Libor 5.431%
Secured Overnight Financing Rate (SOFR) 5.310%
Sterling Overnight Index Average (SONIA) 5.199%
Dow Jones Industrial Average (DJIA) 38,398
Millennium Rates
Managed Liquidity
  Tier 1 | $100,000 - $499,999.99 5.25%
  Tier 2 | $500,000 - $9,999,999.99 5.40%
  Tier 3 | $10,000,000 and up 5.50%
Cash Management 1.50%
Perpetual Contributed Capital – Previous Month 6.50%
Overnight Loan Rate 5.95%

Daily Commentary

April 23, 2024

A run of hot US data and a string of hawkish remarks by Fed Chair Jerome Powell has led our colleagues in the US to ax two cuts from the Bloomberg Economics forecast for the federal funds rate this year.

Full Commentary