SimpliCD Issuing

SimpliCD issuing helps CEOs and CFOs manage cash flow and recordkeeping with ease. SimpliCD issuing saves credit union leaders time, reduces stress, and simplifies the job of managing cash flow.

Key benefits:

• Available to a nationwide market of over 3,500 credit union investors
• Consolidated reporting, recordkeeping, and settlement of funds consolidation in one convenient location
• Simple and quick fundraising solution
• Easy access to purchasers
• Less stressful and less time-consuming cash flow management
• Tailor certificate amounts and terms to suit your credit union's needs
• No direct expense

Contact your Financial Strategist to get the current SimpliCD rates.

Learn More 

Certificates of deposits (CDs) are federally insured, low risk investments offered by financial institutions. These fixed term, and generally fixed interest rate, investments require members to keep funds allocated to the CD at the institution until the fixed maturity date. Once the investment reaches the maturity date, the member may withdraw the funds along with any accrued interest. A member may withdraw the funds early but will be required to pay a penalty thus losing the benefit of the deposit. There are two types of CDs: basic or traditional CDs and jumbo CDs. Jumbo CDs require higher deposit amounts but pay a higher interest rate. In some cases, a jumbo CD may carry additional risk as well.