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SimpliCD Doing Well at Northwest Corporate

PORTLAND, Ore. - Northwest Corporate CU said that its SimpliCD portfolio reached over $100 million at the beginning of this month. SimpliCD is a product of Corporate One's Primary Financial Company LLC CUSO. A number of corporates around the country partner with Primary Financial to offer SimpliCD to their members....

By Staff Writer | Updated on June 24, 2003

PORTLAND, Ore. – Northwest Corporate CU said that its SimpliCD portfolio reached over $100 million at the beginning of this month. SimpliCD is a product of Corporate One’s Primary Financial Company LLC CUSO. A number of corporates around the country partner with Primary Financial to offer SimpliCD to their members. The fate of SimpliCD, however, isn’t clear. A new CUSO owned by over 20 corporates, dubbed Corporate Exchange, is looking to develop its own brokered CD offering. Leaders of the CUSO are hoping to merge the SimpliCD product into their offering. Corporate One has yet to say whether it will do so.

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