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SimpliCD Issuance is the issuance of federally insured share certificates to other credit unions. With one phone call, and a small amount of paperwork, a credit union can issue up to $50 million or more in shares in a single transaction to the SimpliCD network of more than 4,300 credit unions across the country. SimpliCD Issuance provides a primary source for liquidity by attracting deposits from other credit unions with excess liquidity looking to invest through SimpliCD. The SimpliCD issuance complements or provides a competitive alternative to FHLB advances or other funding alternatives. SimpliCD is owned and operated by Primary Financial Company LLC, a credit union service organization owned by corporate credit unions.
Learn More SimpliCD Issuing Agreements