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Hmmm...Issue In-Network or DTC?

We've said it time and again, SimpliCD Issuance is an easy, affordable way to raise funds for your credit union. Now, you can choose your method - In-Network or DTC! Let's compare to find the solution that best fits your credit union.

Settlement

  • Same Day Settlement available with SimpliCD Custodial.
  • Needs to settle at least a week in advance with DTC.

Interest

  • Interest can be automatically pulled from your settlement account with SimpliCD Custodial.
  • Interest payments initiated via wire transfer to DTC.

Access

  • Access to 3,500 credit union investors with SimpliCD Custodial.
  • Access to public funds, other institutional investors, and all U.S. credit unions with DTC.

Early Redemption

  • Although certificates are meant to be held to maturity, investors may inquire about early withdrawal due to mergers or liquidity with SimpliCD Custodial.
  • If an investor needs out of a certificate it is resold in the secondary market. No early withdrawal with DTC.

Issue Amounts

  • A credit union may issue in any amount with SimpliCD Custodial.
  • A credit union usually needs to issue at least $2 million with DTC.

Agreements

  • One time, one page agreement required. Then, an offer may be initiated with a phone call or email with SimpliCD Custodial.
  • One time brokerage agreement and one time DTC letter of Representation required. Then, a terms agreement must be signed for each offer with DTC.

Hopefully this helps you on the path to choosing your SimpliCD Issuance preference. Contact your AIM Financial Analyst TODAY to learn more and move forward with raising the funds your credit union needs!

Today, Tomorrow, Together