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News & Events

CUBG LIVE Webinar | Financial Ratios You Should Be Using in Commercial Lending

Join CUBG Thursday, September 12th at 1:00 PM CT for this LIVE webinar - Financial Ratios You Should Be Using in Commercial Lending. Learn more...

Federal Reserve Issues FOMC Statement | July 31, 2024

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have moderated, and the unemployment rate has moved up but remains low. Inflation has eased over the past year but remains somewhat elevated. Read full statement...

Another CUBG Business Lending Bootcamp!

CU Business Group is hosting more Business Lending Bootcamps (virtual and in-person)! 

Federal Reserve Financial Services Eliminating Offline Access To The FedWire Funds Service

On September 14, 2023, the Federal Reserve Financial Services (FRFS) announced they are eliminating offline access to the Fedwire Funds Service as of December 31, 2024. So, what now?

Millennium Corporate Announces New President/CEO

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

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Rates & Commentary

Key Rates
Fed Funds Effective 5.330%
1 Month Libor 5.277%
Secured Overnight Financing Rate (SOFR) 5.350%
Sterling Overnight Index Average (SONIA) 4.950%
Dow Jones Industrial Average (DJIA) 40,953
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

September 6, 2024

US hiring fell short of forecasts in August after downward revisions to the prior two months, a development likely to fuel ongoing debate over how much the Federal Reserve should cut interest rates.

Full Commentary