Introducing our new President & CEO Kent Gleason LEARN MORE
Another CUBG Business Lending Bootcamp IN-PERESON SALT LAKE CITY, UTAH JUNE 12-13 LEARN MORE
ONE RINGY DINGY ITEM PROCESSING IS ON THE MILLENNIUM PHONE SYSTEM! LEARN MORE
LADDERING The Simple Yet Effective Approach To INVESTING Learn More

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Weekly Economic Commentary  Monthly Economic & Financial Digest

News & Events

CUBG Business Lending Bootcamp

Join CUBG in Utah for their Business Lending Bootcamp in June!

Millennium Corporate Announces New President/CEO

Kent Gleason, current EVP/COO named Millennium Corporate new President/CEO effective June 1, 2024.

One Ringy Dingy!

Connect with your Item Processing team by calling our toll-free number - 800.721.2677!

Federal Reserve Issues FOMC Statement | March 20, 2024

Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. Read more...

Laddering | The Simple Yet Effective Investment Strategy

Keep it simple, even when it comes to investing, with a LADDER investment strategy!

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Rates & Commentary

Key Rates
Fed Funds Effective 5.330%
1 Month Libor 5.434%
Secured Overnight Financing Rate (SOFR) 5.310%
Sterling Overnight Index Average (SONIA) 5.200%
Dow Jones Industrial Average (DJIA) 39,640
Millennium Rates
Managed Liquidity
  Tier 1 | $100,000 - $499,999.99 5.25%
  Tier 2 | $500,000 - $9,999,999.99 5.40%
  Tier 3 | $10,000,000 and up 5.50%
Cash Management 1.50%
Perpetual Contributed Capital – Previous Month 6.50%
Overnight Loan Rate 5.95%

Daily Commentary

May 13, 2024

President Joe Biden will quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week, unveiling the measures at a White House event framed as a defense of American workers, people familiar with the matter said.

Full Commentary