This program makes your credit union's participation in the securities market easy. Investment options include:
• U.S. treasuries
• New issue agencies
• Secondary bullet and callable agencies
• Collateralized mortgage obligations
• Corporate bonds.
All security offerings are permissible under Regulation 703.
The Excess Balance Account (EBA) is an alternative to your premium Share Account that is off of the Corporate's balance sheet. We offer the following account options:
- • EBA-30
- • EBA-90
The Corporate offers its members fixed-rate certificates for periods of two days to five years.
The One Year Flex Account is a floating-rate share account that will pay a variable interest rate subject to change daily based on changes in the Fed Funds rate, or specifically, Vizo Financial’s Premium Share Account.
The Holiday Share Account is designed to assist in managing your Christmas Club Account more effectively. The Holiday Share Account is a floating-rate investment that earns a variable spread over the Premium Share Account (PSA). Credit unions have the option of choosing a Holiday Share Account that matures on October 1st or November 1st of each year.
This service will provide the accounting and reporting for all your investments, including agency callables and step-ups as well as mortgage-backed securities. Couple this with our ALM & investment specialists on staff and Vizo Financial has all of the tools your credit union needs to more effectively analyze and manage your balance sheet.
The Premium Share Account (PSA) is an overnight account designed for your liquid funds not needed to cover daily transaction and/or settlement activity. There is no minimum balance requirement for the PSA and you can transfer in or out of this account on a daily basis as your funding needs change. This is an attractive option for your credit union’s liquid funds, as the rate on the PSA should be closely correlated to the federal funds rate.
The PSA30 is a 30-day floating rate account that pays a rate slightly higher than the PSA and provides an excellent complement to your overnight accounts. For members with excess liquidity, the PSA30 offers an opportunity to pick up additional yield without impacting your credit union’s liquidity needs, as funds can be withdrawn after the initial 30-day commitment.
The PSA90 is a 90-day floating rate account that pays a rate slightly higher than the PSA30 and provides an excellent complement to your other overnight accounts. For members with excess liquidity, the PSA90 offers an opportunity to pick up additional yield without impacting your credit union’s liquidity needs, as funds can be withdrawn after the initial 90-day commitment.
This program allows member credit unions to have their Fed book-entry and DTC-eligible securities held and safeguarded through the Corporate's partnership with U.S. Bank and the Federal Reserve Bank.
This comprehensive CD brokerage management and reporting system is a unique certificate of deposit program that allows credit unions to purchase jumbo CDs that are custom-laddered. In addition, credit unions may issue CDs through the SimpliCD program.
Vizo Financial’s Term Certificates provide member credit unions with a safe, convenient way of accessing the investment market at competitive rates. We have fixed-rate certificates with maturities up to one year, or longer upon request.
Term loans are available to fund short or long-term liquidity needs with flexible maturities ranging from seven days to five years. We offer both fixed rate and variable rate term loans.