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| From The Desk of the CEO
The Federal Reserve Bank has announced standardization of Cash Services across all Federal Reserve Districts. As their part in promoting operational efficiency, they have conducted a review of Operating Circular 2 which deals with the delivery of FedCash Services.
With the revision of the circular, it has set forth new standards and procedures that a financial institution must comply with to receive Cash Services. All financial institutions must place orders using the standard units effective November 1, 2009. The change does not affect ordering for the $1 denomination, which must still be ordered in full bundles, or ordering for the $50 and $100 denominations, which may still be ordered in full straps or full bundles.
This revision not only affects cash order, but depositing of cash, cash difference, mutilated currency and cash transportation, as well. For more details related to the revision, visit www.frbservices.org. Under Popular Content, click on Rules and Regulations, then select Operating Circulars and scroll down to "OC2" Cash Services.
If you have additional questions or need more information, please call 1-800-826-5228 and ask for Lori Domian or Paulette Hill.
Missouri Corporate offers ISI brokerage services which are founded on trust and provide reliable options to help you succeed in today's world. Did you know that only your ISI broker at MCCU can offer securities, corporate certificates, loans and Primary Financial's SimpliCD program -- all in a one-stop shop?
ISI is a member of FINRA and SIPC. Contact Julie Chapin today at 1-800-826-5228, ext. 1359.
Are you looking for an easier way to manage your overnight
money?
Why not move your funds into an Overnight CD.
With a minimum investment of $10 million, you can earn
a great rate of return on your overnight funds.
Plus, we make it easy and extremely convenient to manage
your investment on a daily basis. That's because you
can purchase an Overnight CD directly online from our
web site.
To get set up for online purchases, please contact
Missouri Corporate's Julie Chapin at 1-800-826-5228,
ext. 1359.
Missouri Corporate Credit Union offers a service
that allows you to conveniently purchase certificates
online at no charge! It's called eSeller.
eSeller enables you to pull up a screen and see "live"
rates right here at our web site. To make a purchase,
you simply click on a rate (you then have 60 seconds
to accept the transaction). Once the transaction is
accepted, the system books the certificate and emails
you a confirmation.
If you would like to use eSeller, please contact Julie
Chapin at ext. 1359 or Sarah Beyer at ext. 1375. They
will set you up with a password and request your email
address so you can get started. It's that easy!
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