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Investment Services
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Rocky Mountain Corporate Credit Union offers an array of sophisticated investment opportunities. Striving to meet individual credit union requirements, we are capable of customizing specific offerings to fulfill members' diverse needs. Our solid credit worthiness enables us to provide members with prime competitive yields.
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Share Accounts
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Membership Capital Account (028)
The Membership Capital Account (MCA) provides credit unions with the crucial difference in their relationship with Rocky Mountain...ownership. The MCA provides members with an interest in their credit union and allows members to vote on critical issues and elect the officials of Rocky Mountain Corporate Credit Union. Membership Capital also provides attractive returns, based on our earnings, and requires a 3-year notice for withdrawal of funds.
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Premier Money Market Shares Account (011)
This account was developed in 1992 in response to members' requests. Credit unions wanted a higher return while maintaining liquidity. The Premier Account was developed to be very competitive with other overnight investments, such as overnight federal funds, money market mutual funds, and the High Yield Account. With the Premier Account, dividends are calculated daily and paid monthly. The account is not a transaction account and therefore only transfers between a credit union's High Yield Account and Premier Account are accepted. Once funds are invested in the Premier Account, they remain invested until we are instructed to transfer them to the High Yield Account. Transfers can be made to this account any time up to the close of the business day.
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High Yield Shares Account (012)
This account is one of Rocky Mountain Corporate's most valued services and one which we have offered since our inception. The High Yield Shares Account calculates dividends daily and pays dividends monthly. Since the account is a transaction account, it pays a slightly lower rate than Rocky Mountain's other overnight investment alternatives.
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Certificates of Deposit
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Securities Safekeeping
Rocky Mountain Corporate's Securities Safekeeping and Settlement program is the process of servicing securities held for the benefit of others. All types of securities, regardless of their amount or maturity, are eligible for safekeeping, providing more flexibility and convenience than other options. An audit trail of securities received, as well as inventory of all securities in the program, are delivered to Rocky Mountain from its safekeeping agent. This provides our members with highly accurate documentation and accounting of securities activity.
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High Yield Certificates
Rocky Mountain Corporate has always offered Fixed Rate Share Certificates of Deposit (CD) to member credit unions. Fixed Rate Share Certificates are investments which are offered from 1-day through
5-years, depending upon a credit union's needs. These certificates calculate interest on a 365-day-year basis, with interest paid semi-annually for maturities beyond one year and at maturity for maturity dates within one year. Certificate rate quotes are available daily, in addition certificate rate specials are available when market conditions permit.
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Callable Certificates
A Callable Certificate of Deposit (CD) is a Fixed or Floating Rate CD issued by Rocky Mountain which may be redeemed prior to final maturity at Rocky Mountain's discretion. The credit union receives a higher interest rate for the option of early redemption. RMCCU's callable offerings are available throughout the month and can be structured to fulfill an individual member credit union's investment needs.
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Floating Rate Certificates
A Floating Rate Certificate of Deposit (CD) is a certificate whose interest rate resets regularly and is tied to an index which serves as a buffer against rising interest rates and can be a good alternative to short-term investments such as fed funds. The dividend rate is a fixed spread to a common market index so the certificate rate adjusts with market changes. The program offers convenient availability, which allows easy reinvestment of maturing certificates with reduced management time and transaction costs due to the decrease in rollover maintenance. The tailoring of certificate amounts, indices, maturity, and payment frequencies can be done to meet members distinct needs.
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