Liquidity Solutions
Ah, liquidity…the very thing corporate credit unions were built for! Needless to say, we haven’t forgotten our roots and are still very much prepared to offer credit unions assistance with liquidity. Whether you’re in need of more or have excess liquidity, let us help you find some middle ground with our liquidity solutions!
Central Liquidity Facility
The Central Liquidity Facility (CLF) is a mixed ownership government corporation within the NCUA. It is an instrument of the federal government that is owned by its member credit unions and managed by the NCUA board. The purpose of the facility is to improve the general financial stability of the credit union industry by providing member credit unions with a back-up source of liquidity.
Federal Reserve's Bank Term Funding Program
The Federal Reserve’s Bank Term Funding Program (BTFP) offers loans of up to one year in length to federally insured credit unions and other depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities and other qualifying assets as collateral. Advances can be requested under the program until March 11, 2024. The program uses some existing discount window agreements and accounts, so the process is streamlined if your credit union already has discount window access.
Letters of Credit
The Corporate offers letters of credit to guarantee a credit union's financial obligation or contractual agreement with a third party.
Lines of Credit
Vizo Financial offers advised lines of credit to members at very competitive interest rates and without charging origination or legal fees. In addition, since we only grant loans to credit unions and credit union-related organizations, we can extend more generous lines.
Term Loans
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.
Loan Participations
LoanStreet offers a comprehensive online marketplace for all aspects of loan participations. Whether you're looking to reduce capital constraints or boost loan revenue, LoanStreet gives you the tools to buy, sell and manage your loan portfolio within a single platform.
SimpliCD Issuance
Our long-standing partnership with SimpliCD provides a simple solution for credit unions to get liquidity. Your credit union can issue federally insured CDs through the SimpliCD program, making your deposit offerings available to a nationwide market of potential investors. Click the image below to find out how your institution can issue a certificate through the SimpliCD program with Vizo Financial!
Who can Issue?
- Federally chartered credit unions
- Most state chartered credit unions that are federally insured – check with your regulators as many states adopt the federal guidelines
What are the Benefits?
- A centralized way to raise funds and generate liquidity
- The ability to aggregate investors into a single deposit: one wire, one certificate, and one interest payment
- No subscription, broker, or transaction fees with our custodial program
- Reach the largest pool of credit union investors in the industry
- The option to settle everything through Vizo Financial
- Safety of working with a credit union owned entity
In-Network Custodial Certificate Program
Primary Financial will show your credit union rate to its network of more than 3,500 credit union investors and gather funds for your deposit. Your credit union may issue anywhere from $100,000 to $50 million or more in a single transaction. You will receive one wire, set-up one certificate and send one interest payment, or have Primary Financial automatically deduct the monthly interest payment from your settlement account at Vizo Financial. Primary Financial will act as custodian on the account and will take care of interest distribution to the investors, reporting, audit requests and more.
SimpliCD DTC Option
Do your credit union’s liquidity needs exceed $200 million? The DTC market may be right for you. Issue DTC certificates with SimpliCD to reach more public funds investors and potentially all U.S. credit unions.
Low Income Designation
Per the NCUA, federally chartered, and many state-chartered credit unions with the low income designation are not limited to only non-member deposits from credit unions and public funds, greatly increasing your investor audience with SimpliCD.