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Balance Sheet Solutions offers institutional SimpliCD
WARRENVILLE, Ill. (12/29/08)--Balance Sheet Solutions, a credit union service organization owned by Members United Corporate FCU, is offering Institutional Investor SimpliCD to credit unions. The program provides investment reviews to ensure that no SimpliCD investment exceeds the insurance limit. It also sends a monthly statement and allows the credit union to maintain contact with the member or to transfer that responsibility to Members United. SimpliCD originally enabled credit unions to invest substantial funds in federally insured certificates of deposit without finding and making the investments on their own. It now investigates potential issuers, offers an independent bank rating on the institution and takes care of the investing work for credit unions. The institutional investors also provides fee income to credit unions for each SimpliCD investment sold. It is available to a credit union’s non-person members, including unions, municipalities, hospitals, foundations, churches, corporations, colleges and universities, lodges, police and firefighter organizations and other cooperatives. “Credit unions have another vehicle to help their members,” said Tom Moore, Balance Sheet Solutions’ president. “And they can earn a marketing fee for each SimpliCD sold on top of it.” Balance Sheet Solutions provides asset liability management reporting, non-maturity deposit analysis, portfolio analytics and investment advisory services, and mortgage servicing valuation. Through its Financial Product Sales Group, credit unions can purchase marketable securities, jumbo certificates and corporate credit union deposit investments. Members United Corporate FCU is a $9.1 billion financial institution headquartered in Warrenville, Ill.


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