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Overnight Investments

Overnight Share Account

Virtually all transactions with MCCU flow through the Overnight Share Account, which is designed to provide maximum liquidity at a competitive rate of return.

One of the biggest benefits of the Overnight Share Account is the fact that we pay the same rate on each and every dollar you invest. There are no tiered rates tied to this account, so you don’t have to worry about keeping a large sum on deposit in order to secure a competitive return.

Plus there’s no need to manage your settlement on a daily basis. You can rest easy knowing that everything settles to this one account and is protected by a line of credit.

  • There are no compensating balances required
  • The account earns interest on the daily closing balance, paid monthly
  • Rates are declared daily, so we can react immediately to market conditions

One phone call is all it takes to make an MCCU investment. Contact our staff today.

Excess Balance Account

The Excess Balance Account (EBA) allows a credit union to earn interest on a deposit in the Federal Reserve Bank of St. Louis (Fed) without opening a Fed account.  The EBA account is designed for “excess” short-term funds that aren’t needed to cover settlement.  In fact, only five (5) withdrawals from the EBA account will be permitted each month without charge.  Any withdrawals beyond five in one month will be charged $100.

 The EBA is open to both members (with Perpetual Contributed Capital on deposit) and those without Perpetual Contributed Capital on deposit.  There is no minimum balance required in the EBA account.

If you have additional questions or need more information, please call 1-800-826-5228 and ask for Julie Chapin.

TRUST Mutual Funds

Missouri Corporate offers TRUST, the oldest and largest mutual fund family created for and by credit unions.  TRUST helps credit unions succeed in serving their members by providing a professionally managed family of mutual funds – exclusive to credit unions – as well as the information and analysis they need to support investment decisions. 

The three TRUST Portfolios offer a range of options including a Money Market Portfolio for overnight or short-term investment needs, and Ultra-Short Duration Portfolio designed to target a duration of nine months, and a Short Duration Portfolio designed to target a duration of approximately two years.  All three Portfolios contain only obligations authorized under the Federal Credit Union Act.  In addition, Missouri state-chartered credit unions may invest in any instrument that is acceptable for a federal credit union to invest in under federal rules and regulations.  State-chartered credit unions outside Missouri should check with their state regulator.

For more information contact Julie Chapin at jchapin@mocorpcu.coop or at 1-800-826-5228, ext. 1359.  Additional information may be found at www.trustcu.com

 

 

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