BROKERAGE SERVICES FOR CREDIT UNIONS

Credit Union Brokerage Services

• CU Investment Solutions

  Catalyst Corporate, in partnership with CU Investment Solutions, LLC, provides access to the largest institutional desks of over 30 primary and regional broker/dealers. This results in highly competitive bond prices and yields through the power of aggregation. The Catalyst Corporate investment officers work closely with credit unions to develop tailored solutions that accommodate individual size and complexity. This helps credit unions reach their balance sheet and portfolio goals.

  Features & Benefits:

  • • More than 1,000 credit unions in 49 states have access to comprehensive brokerage services.
    • As a credit union-owned cooperative, CU Investment Solutions is exclusively focused on providing value to credit unions.
    • Highly competitive bond prices and yields are available through CU Investment Solutions' relationships with the largest institutional desks of over 30 primary and regional broker/dealers.
    • Available investments are especially suited for credit unions.
    • More than 1,000 credit unions in 49 states have access to comprehensive brokerage services.
    • Registered representatives ensure that credit unions buy only NCUA permissible securities.
    • Up-to-date market and economic information is provided to assist with timely portfolio decisions.
    • Brokers deploy efficient, streamlined execution procedures.
    • Credit unions realize lower costs and higher yields.
    • Support is provided from experienced registered representatives who know credit unions.

• Investment Accounting Service

  Catalyst Corporate’s Investment Accounting Service utilizes TPG Consulting, one of the most reputable services available in today’s financial marketplace.

  Features & Benefits:

  • TPG investment accounting reports comply with both GAAP accounting and FASB regulations.
  • More specifically, Catalyst Corporate’s reporting service complies with FAS 91 level yield accounting standards, FAS 115 “mark-to-market” functionality and FAS 133, which provides an accounting standard for the recognition and measurement of derivatives and hedging activities.
  • Through Catalyst Corporate’s online access system, TranZact, credit unions can access preliminary bond accounting reports two days before month end to assist with accounting processes and enable any potential holding changes before producing the final report.
  • Preliminary reports include accrued interest, book value reconciliation reports, transactions purchased and transactions sold/matured/paid off.
  • The full bond accounting report is provided no later than the second business day of the month.
  • On a quarterly basis, Catalyst Corporate will provide credit unions with a 5300 investment report to assist with populating their NCUA call report.
  • Security pricing shown on the market valuation report comes from IDC (Interactive Data Corporation), one of the most reputable valuation sources.

• Security Safekeeping

  Catalyst Corporate’s Security Safekeeping program gives credit unions a safe and convenient option for holding investment securities. Securities are registered in the credit union’s name on the credit union’s behalf, with all principal and interest payments credited to its settlement account.

  Security Safekeeping complements both Catalyst Corporate’s brokerage service through CU Investment Solutions and Catalyst Strategic Solution’s Advisory Service. This service provides secure, competitively priced, end-to-end service for investing and holding excess cash in marketable securities. The ease of settlement through a Catalyst Corporate Cash Management Account, as well as access to bond accounting reports through TranZact, makes Catalyst Corporate’s comprehensive investment services among the most convenient resources available to credit unions.

  Features & Benefits:

  • Automatic settlement occurs through the credit union's overnight account.
  • Principal and interest payments are made through the credit union's overnight account.
  • Delivery versus payment (DVP) provides for simultaneous transfer of funds and securities.
  • Transactions may be entered conveniently online using TranZact.
  • Monthly statements are available and posted to TranZact.
  • Market value reports for the credit union's securities are available online.

• SimpliCD Certificate of Deposit Program

  SimpliCD is a brokered certificate program that taps into the insured CD market through a partnership with Primary Financial Company, LLC. Whether purchasing certificates of deposit as investments or issuing them to build liquidity, credit unions benefit from the economies of scale offered by SimpliCD's large network of credit unions and from the elimination of many of the responsibilities that attend management of individual CD accounts.

  SimpliCD Program Services Include:

  • SimpliCD Purchases
  • SimpliCD Issuance