Liquidity

All Millennium Corporate members may apply for an advised line of credit (LOC). Each credit union must complete the necessary documentation, provide requested financial information and be subject to an annual creditworthiness review. Should your liquidity needs change before your next review, contact us at any time.

Get access to additional funding on a term basis by pledging assets as collateral for the loan. Advances are for a specific term and the interest rate can be either fixed or variable – the decision is made at the time of the advance. This loan type does not reduce the member’s advised line of credit amount.

This loan type couples a set maturity with a fixed interest rate and grants members access to loans up to 5 years. Term loans help lock in funding costs in a rising rate environment and are an alternative to high-cost member certificates.

This loan type couples a principle paydown to maturity with a fixed interest rate and grants members access to loans up to 5 years. Term loans help lock in funding costs in a rising rate environment and are an alternative to high-cost member certificates.

Once the credit union has applied for and received an advised line of credit, these funds are then available to fund overnight settlement, should liquidity be short. All advances and payments are made on a demand basis, automatically generated, and the interest rate is subject to change daily.

SimpliCD Issuance is the issuance of federally insured share certificates to other credit unions. With one phone call, and very little paperwork, a credit union can issue up to $50 million or more in shares in a single transaction to the SimpliCD network of more than 4,300 credit unions across the country. SimpliCD issuance complements or provides a competitive alternative to FHLB advances or other funding alternatives.

Through a partnership with Sallie Mae, a suite of education loans - created specifically for the needs of undergraduate, career training and graduate students – you can help your credit union retain and grow member relationships by offering private student loans as a complement to the many student solutions you're currently offering that include student checking, debit cards, online banking, and auto loans.

This program benefits you and your members. Email engage@millenniumcorporate.org to learn more about Sallie Mae through Millennium Corporate.

Need to borrow funds against your securities held in safekeeping with Millennium Corporate and maintain ownership while you do? As long as you safekeep with Millennium, it’s an option.

AIM’s Liquidity Stress Test is a crucial component of liquidity risk management for credit unions. It includes assessing your ability to withstand various adverse scenarios and evaluates how the credit union’s liquidity position is affected under different stress conditions, such as market or funding disruptions, and sudden deposit withdrawals.

The Stress Test is customizable to your credit union and allows you to simulate the impacts to your funding strategy and contingency funding plan under different environments. AIM runs a variety of different stress scenarios – mild, moderate, severe – allowing you to optimize your liquidity strategy.

CU Business Group, LLC

CU Business Group (CUBG) is the premier provider of business services to credit unions nationwide, and Millennium Corporate is a proud owner of this credit union service organization (CUSO). CUBG has an established network of lenders and a knowledgeable team to help your credit union simplify and streamline the buying and selling process for commercial loan participations. Whether you’re a participant or lead lender, CUBG’s experts will guide your credit union through the entire process from start to finish, and can also service the transaction.

To learn more, contact engage@millenniumcorporate.org.

Our AIM - Asset & Investment Management - staff is also available to provide additional information on loan participations. Email aim@aimcusolutions.org to speak with an AIM Financial Analyst.