Why should my financial institution accept brokered deposits through Primary Financial and SimpliCD?
• Since 1996, Primary Financial has placed more than $17 billion dollars in federally insured certificates of deposit. • Our relationships with thousands of credit unions mean that we’re more likely to roll certificates at maturity than other brokers. When a certificate we’ve placed with your institution matures, Primary Financial contacts you to negotiate a rate. As long as your rates are competitive, we work to keep the funds with your institution. Even when an investor needs their principal at maturity, we can often find another credit union looking to invest. • Because our deposits are institutional deposits, issuing with Primary Financial raises no USA PATRIOT Act compliance issues. Our customers are U.S.-domiciled financial institutions, and we do not maintain relationships with individual persons as defined by the Act, Section 312. • We’re committed to safety and soundness. For a detailed discussion of our commitment to safe and sound operation, click here or download our latest
