Investments

Fixed Rate certificates are available with maturities from 2 days to 5 years. They guarantee a set rate and maturity date. Interest payment dates are customizable at term, monthly, or semi-annually for certificates 30 days or longer.

Current Offerings

Through the CU Investment Solutions, LLC (CU-ISI) Corporate Agent Program, Millennium Corporate and CU-ISI offer brokerage services to credit unions. CU-ISI is a credit union service organization owned jointly by Millennium Corporate and other corporate credit unions. Licensed Millennium Corporate AIM Financial Analysts serve as dual employees of CU-ISI and Millennium Corporate, supporting and selling the corporate’s traditional products while also offering marketable securities.

Millennium Corporate CU-ISI Registered Representatives have your credit union’s best interest in mind. They have a keen understanding of industry regulation and policies, and a clear grasp of appropriate investments for credit unions.

CU-ISI agreements

Investing

SimpliCD (pronounced “simplicity”) is a certificate of deposit program that enables you to easily invest in federally insured CDs. This turnkey program combines CD investing with the advantages of competitive rates and consolidated reporting. Investing in federally insured CDs has never been so simple. SimpliCD is owned and operated by Primary Financial Company LLC, a credit union service organization owned jointly by Millennium Corporate and other corporate credit unions.

• Each day, SimpliCD searches its nationwide network of issuers for the best rates and shares those with investors.
• A detailed tracking system assures that no more than the standard maximum deposit insurance amount of your principal is placed in any single financial institution.
• SimpliCD purchases the CDs in a custodial capacity on your behalf, passing all federal insurance benefits through to you. You remain the legal owner of the CDs.
• SimpliCD tracks, monitors and collects all of your earnings. You receive a single consolidated monthly interest payment for all your SimpliCD investments.
• Finally, in addition to your daily transaction statements, you receive a monthly statement detailing your entire SimpliCD portfolio.

SimpliCD Investing Agreements

AIM provides the ability to shop and purchase SimpliCDs online. Log in to the AIM Portal and make sure to request access from an AIM Financial Analyst. 

Issuing

SimpliCD Issuance is the issuance of federally insured share certificates to other credit unions. With one phone call, and a small amount of 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 provides a primary source for liquidity by attracting deposits from other credit unions with excess liquidity looking to invest through SimpliCD. The SimpliCD issuance complements or provides a competitive alternative to FHLB advances or other funding alternatives. SimpliCD is owned and operated by Primary Financial Company LLC, a credit union service organization owned jointly by Millennium Corporate and other corporate credit unions.

SimpliCD Issuing Agreements

Millennium Corporate allows for safe, cost-effective settlement and safekeeping of our member credit unions securities holdings. All types of securities are eligible for safekeeping, regardless of amount or maturity. All security settlements are processed delivery vs. payment (DVP), to assure the member credit union always retains possession of the security or their funds. Participation in the program grants credit unions access to the Reverse Repurchase Program, allowing users to borrow funds against their securities held in safekeeping, while maintaining ownership of said securities.

Easy to read monthly reports with current market values for all credit union securities holdings are provided to members using this service. Prices are provided by a leading national pricing firm who does not buy or sell securities or advise customers as to which securities they should buy or sell. Quarterly, Millennium Corporate can also provide security analytics for your credit union as it relates to Regulation 703. This includes analyzing the effect of rate shock testing on net capital as is currently required for many credit unions.

Bond accounting is available to members regardless of safekeeping agent. Monthly reporting is provided to facilitate expectations for principal paydowns, interest payments, premium amortization, and discount accretion. Additionally, quarterly reporting to assist with necessary details for the Call Report is provided.

AIM offers education and training on all credit union approved investments. Let us provide you with the knowledge and confidence to make informed investment purchases and portfolio management decisions.

Contact us today and we will tailor an investment presentation to meet your specific needs through an in-person, conference call, or online presentation.

To learn more, please email aim@aimcusolutions.org.

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