Browse through our wide range of corporate accounts to meet your needs!
A Transaction Account is the basic and necessary account that each member credit union must have to use all of the great correspondent opportunities we offer. It’s an interest bearing account through which all automated settlement clears.
This account was designed specifically with your overnight investing needs in mind. Funds in excess of your average daily settlement are swept into the Premier Account each night. These sweeps are automatic and at no cost to your credit union. Our Premier Account is crucial for maximizing earnings potential with our competitive overnight rates, plus it eliminates the need to constantly manage your liquid funds. These dividends are accrued daily and paid at the end of each month.
Member Managed Fund Account
This account has a minimum deposit of $1M and earns you a premium rate of return. There is no set maturity date, and unlimited funds may be deposited.
There are four deposit tiers – and the higher the tier, the higher the interest earned, with a floating rate that lets you earn daily market rates.
Choose from four deposit tiers; with each higher level tier, there is a higher interest rate:
- Silver ($1M-$4.999M)
- Gold ($5M-$9.999M)
- Platinum ($10M+)
- Titanium ($25M+)
Notice 90 Account
This account combines the short term liquidity of a share account while earning you a higher rate of return. There is a 90-day notice required for withdrawal and a maximum balance per credit union, but no minimum deposit amount. You’ll earn a premium interest rate that floats, allowing you to earn market rates. Dividends from this account accrue daily and pay monthly to your main (transaction) account.
We offer a wide variety of high-yielding certificates, with terms ranging from one day to five years, along with flexible dividend schedules. There’s no dollar limit on how much you can invest, and we assume the market and interest rate risk.
Need some short term liquidity? Sell us your securities with an agreement to repurchase them on a specific date at a pre-determined price, and use the proceeds to either meet liquidity needs or re-invest at a rate that’s sufficient to provide a positive spread.
Christmas Club Accelerator
Make the most of your members’ Christmas Club deposits! Open the account before January 1st with a minimum of $5,000, and set your own maturity to coincide with your Christmas Club disbursement. It pays a variable rate that can be adjusted on the first day of every month, and deposits can be made at any time and in any amount. Dividends are paid at maturity.
Community Investment Fund (CIF)
We’ve partnered with the National Credit Union Foundation (NCUF) to give you the ability to invest in the Community Investment Fund (CIF). This option is now available through Volcorp for all PCC members, and helps you support the state’s League initiatives for helping credit unions, as well as supporting the National Foundation.