Institution Finds SimpliCD to be a Great Tool to Easily Raise Deposits
By Primary Financial
Ben Wickum, CFO of $1 billion Collins Community Credit Union, stated the following:
While looking at all of the potential ways we could raise funds, we decided to pursue raising non-member deposits. After that, the easy choice to make was working with the team at SimpliCD/Primary Financial. After our initial communications with their team, we were impressed with the knowledge of the team and their suggestions for helping us raise the deposits we were seeking. They subsequently guided us through an initial offering, during which we successfully raised a substantial amount of funds over multiple terms. Most importantly, rather than opening multiple individual CD’s, SimpliCD allowed us to pool the deposits and greatly simplify the operational work and process.
Overall, the issuance process through SimpliCD has proven to be exceedingly easy and straightforward, and they have delivered on their promises. A couple of phone calls were indeed all that it took. It really is that simple, and we have every reason to believe this will continue as we move forward with our relationship.