FOLLOW US HERE TO KEEP UPDATED ON ALL THINGS MILLENNIUM COPORATE! we're on LinkedIn
CU BUSINESS GROUP Business Lending BOOTCAMP LEARN MORE VIRTUAL August 2024 & October 2024 IN-PERSON December 2024 in Portland, OR
Introducing our new President & CEO Kent Gleason LEARN MORE
LADDERING The Simple Yet Effective Approach To INVESTING Learn More

Read our Economic Reports

Weekly Economic Commentary  Monthly Economic & Financial Digest

News & Events

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?

Federal Reserve Issues FOMC Statement | June 12, 2024

Recent indicators suggest that economic activity has continued to expand 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...

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!

view all news

Rates & Commentary

Key Rates
Fed Funds Effective 5.330%
1 Month Libor 5.464%
Secured Overnight Financing Rate (SOFR) 5.350%
Sterling Overnight Index Average (SONIA) 5.200%
Dow Jones Industrial Average (DJIA) 40,502
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

July 26, 2024

The Federal Reserve’s preferred measure of underlying US inflation rose at a tame pace in June and consumer spending remained healthy, encouraging signs for officials looking to cool inflation without breaking the economy.

Full Commentary