MEMBER TERM FUNDING
Up to $25,000,000 per quarter per Credit Union
The Capital Market CD (CMCD) is a new innovative program that provides your Credit Union with a consistent source of MEMBER TERM DEPOSITS.
There are no fees, subscriptions, collateral, long-term commitments, or minimums required to participate.
Member Term Deposits that compliments your traditional member deposit base
Mitigate IRR and NEV Test in a rising interest rate environment
Support Longer Term Lending
Provide an Additional Contingency Funding Source
NCUA Legal Opinion – CMS, in collaboration with Hogan Lovells, has obtained a legal opinion from the NCUA, regarding the application of the NCUA’s share insurance regulations to the CMCD program. The opinion can be found here:
Lower Cost of Funds – Rate on “member” CDs purchased will be competitive with FHLB advances and generally below brokered CD rates.
Extended Maturity – Term of CDs purchased range from 3-10 years. Initial purchases will have a 5yr term. CDs are purchased on the same date, and same terms for all Credit Unions.
Access to Large Term Deposits – The CMCD program offers Credit Unions access to a member- funding source larger than all existing Credit Union Industry deposits .
Exclusivity - CU Capital Market Solutions (CMS), a “CUSO”, is the only company able to provide this consistent source of “Member CDs” to Credit Unions.
CU Funding Company LLC will work with each Credit Union to determine how it can meet the individual Credit Union’s membership requirements.
CU Funding Company LLC will purchase CDs from participating Credit Unions at least on a quarterly basis.
Click to request the CMCD Webinar Presentation and CMCD White Paper
CMCD Program Participants
CU Capital Markets Solutions (CMS)-CMCD Creator & Sponsor
JP Morgan - Structuring Agent
Hogan Lovells US LLP - Legal Counsel & Program Regulatory Advisor
US Bank (NA) - Trustee and Collateral Agent
Jones & Keller, P.C. - Sponsor’s Legal Counsel
Fitch and Moody’s - Rating Agencies for CMCD notes
For more information please contact:
Robert Colvin 913.402.2616 email@example.com
Daniel Skehan 678.960.2917 firstname.lastname@example.org
Ryan Enright 913.402.2609 email@example.com
Bill King 678.960.2912 firstname.lastname@example.org