PMA | IPRIME Partners with ISACo to Serve Illinois Counties
We would like to take this opportunity to provide our colleagues with some exciting news regarding a new partnership between PMA and ISACo!
On June 13, 2022, PMA Financial Network, LLC and PMA Securities, LLC (PMA) entered a partnership with the Illinois State Association of Counties (ISACo) to serve counties with a complete line of financial management and investment services. The opportunity we envisioned almost a year ago is now a reality – enhancing service, performance and accountability for Illinois counties.
Among the many benefits and opportunities this partnership brings to Illinois counties are:
- Investment tools, education and support uniquely designed for counties.
- IPRIME Investment Shares Class (ICS) Liquid Fund – safety, liquidity and yield for counties.
- IPRIME ICS Liquid Fund rated AAAm by S & P – the highest rating possible. “Extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to credit risk.”
- IPRIME was designed, sponsored and governed by a board of local government officials. Lake County Treasurer, Holly Kim, currently sits on the IPRIME board and represents a voice for Illinois Counties.
- ACH direct deposits of state and local revenues accepted in your account with IPRIME.
- Secure, online transactions and reporting with our Government Portfolio System (GPS).
- Educational seminars and workshops centered around cash management and investing provided by PMA.
- PMA Fixed Rate program to provide competitive bid investments.
- Additional programs such as Bond Proceeds Management, Cash Flow Analysis and Investment Policy Review available to all Participants.
Join us as we work to bring comprehensive services to Illinois counties!
For more information on the program and how to become an IPRIME Participant, please contact Courtney Soesbe at csoesbe@pmanetwork.com, direct at 630-657-6421, or Lisa Nusko, lnusko@pmanetwork.com, 630-657-6527. Feel free also to visit our website at www.iprimetrust.org.
As always, thank you for your important service to Illinois communities. You make a difference. Please do not hesitate to contact us with thoughts, questions and/or ideas.
Sincerely in Service,
