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
- 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 firstname.lastname@example.org or at 1-800-826-5228, ext. 1359. Additional information may be found at www.trustcu.com