Cash Management Account
Catalyst Corporate efficiently handles cash management operations and daily settlements through its Cash Management Account (CMA) – a convenient, interest-bearing share account that generates dividends. Unlike other depository institutions, where excess compensating balance earnings may be sacrificed each month, credit unions using the CMA keep 100 percent of the interest earned on the funds they maintain for settlement.
Features & Benefits:
- Transactions are settled efficiently.
- The CMA is an interest-bearing account.
- Accounts can be supported by a Catalyst Corporate line of credit.
- The line of credit eliminates the need to allocate resources to management of a Federal Reserve Bank or other bank account.
- TranZact provides convenient and complimentary movement of funds into and out of the account.