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 Keep Funds Liquid While Earning Competitive Rates VACORP’s Overnight Investment Account (020) has proven to be one of our most popular services. This tier structured account allows credit unions to place all liquid, daily excess funds with VACORP while keeping exposure low, earnings high and administration at a minimum. VACORP’s Overnight Investment Account allows credit unions to earn more on liquid funds by transferring funds into this non-transaction account. Transfers to and from the Overnight Transaction Account can be initiated via Open Door or by calling Member Services at 1.888.4VACORP.
VACORP offers term share certificates with durations ranging from thirty days to five years. Credit unions may purchase term certificates for as little as $10,000.
All structured products have a minimum purchase of $100,000. Fixed Callable Certificates Credit Unions can purchase a VACORP fixed callable certificate featuring a fixed rate and an embedded call schedule. This allows VACORP to potentially call the investment prior to final maturity. This call option is balanced by the credit union receiving a dividend rate in excess of a comparable, non-callable share certificate. Step-Up Certificates Step-up certificates also feature an embedded call option. However, these certificates feature a rate that re-adjusts at a higher dividend (a “step-up”) on a specified date during the life of the investment. Amortizing Certificate Program (ACP) These certificates return the principal over the life of the certificate based on a reference benchmark (T-bill, Freddie Mac, etc.) Interest is paid monthly along with the principal return. A published amortization schedule details the approximate duration of the certificate
Credit unions wishing to invest $1 million or more will find VACORP’s Transferable Certificates a perfect fit. This program allows members the opportunity to invest directly with U.S. Central Credit Union. Investment types include CDs, callable certificates, and step-ups. Transferable certificates have a one-year minimum maturity and are held in a VACORP Safekeeping Account.
To find out more information about SimpliCD and how you can become enrolled in the program, please contact Christy Holt, Investment Specialist at cholt@vacorp.org or by calling 1.888.482.2677 ext. 823. To begin INVESTING in the SimpliCD Program, please complete the following forms: To ISSUE through SimpliCD, please complete the following form: To view Primary Financial's 2008 Annual Report, click here.
CU Investment Solutions, Inc. (ISI) is a registered, licensed broker-dealer regulated by the SEC, a member of the FINRA and is SIPC-insured. ISI offers a full range of marketable securities. Since opening, ISI has sold more than $12 billion in marketable securities and has a sales staff with a combined 80+ years of investment and portfolio experience.
Your ISI Representatives Brandon Sydnor Registered Representative/CU Investment Solutions, Inc. Brandon Sydnor has been employed by VACORP Federal Credit Union since May 2006. As AVP Training, his responsibilities include training for VACORP's member credit unions, as well facilitating business for both investment and correspondent product offerings. Brandon is currently maintaining his NASD Series 7 and 63 license registrations with CU Investment Solutions. He holds a bachelor's degree in marketing from Liberty University. Harry Simmerman Registered Representative/CU Investment Solutions, Inc. Harry Simmerman has been employed by VACORP Federal Credit Union since March, 2005. As SVP Member Relations, his primary responsibility is to facilitate business development between VACORP and its member credit unions for both investment and correspondent product offerings. Prior to joining VACORP, Harry served as a Regional Manager for BB & T and Wachovia Securities. There he performed retail investment sales. Harry is currently maintaining his NASD Series 7, 24, 63 and 65 license registrations with CU Investment Solutions. Harry has a bachelor's degree from Anderson University and a master's degree from Virginia Tech. Due Diligence Brandon Sydnor, CRD 5564043 Harry Simmerman, CRD 1343333 All securities are offered through CU Investment Solutions, Inc. (ISI). The home office of ISI is located at 9701 Renner Blvd., Suite 350, Lenexa, KS 66219. ISI is registered with the Securities and Exchange Commission (SEC) as a broker-dealer under the Securities Exchange Act of 1934. ISI also is registered in the state of Kansas as an investment advisor. Member of FINRA and SIPC. All investments carry risk; please speak with your representative to gain a full understanding of said risks. Securities offered by ISI are not insured by the FDIC or NCUSIF and may lose value. All opinions, prices and yields are subject to change without notice.
Securities Safekeeping Program VACORP offers a safe and convenient way to settle and safekeep members’ securities. Settlement occurs using the delivery versus payment method. Coupon collection, custodial maintenance, and market valuations are provided. Securities held in safekeeping are available for repurchase transactions.
We are pleased to introduce VACORPDirect as our newest investment service! VACORPDirect allows us to offer unique investments not currently available within the financial marketplace. As a member of VACORP, you can enjoy the security of working with your own corporate while taking advantage of the most competitive rates and a simple transaction process. Under VACORPDirect , you'll find offerings such as FPC's (Fixed Putable Certificates) and our newest offering, the Cherry Account. Cherry Account~ The newest investment account available to members through VACORPDirect!Some specifics:
Credit unions interested in investing in the Cherry Account should call 888.482.2677 and speak with Christy Holt ext. 823 or Harry Simmerman ext. 805. For today's rate, click here.
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SimpliCD allows credit union investors to easily invest substantial funds in federally insured CDs without the hassle, time and expense of investigating potential issuers and purchasing the CDs themselves. Investors can choose from a wide range of maturities with convenient settlement in a safekeeping account. SimpliCD also gives financial institutions a convenient and effective means of generating liquidity by issuing federally insured CDs without having to spend the time and money to market their deposits nationally, analyze the market, or manage multiple CDs and deposit relationships.
CU Investment Solutions, Inc (ISI) works exclusively on behalf of credit unions. By utilizing ISI's licensed services, members can buy and sell marketable securities, conduct safekeeping transactions, and compare investments with one call.