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

Read our Economic Reports

Weekly Economic Commentary  Monthly Economic & Financial Digest

News & Events

Federal Reserve Issues FOMC Statement | May 1, 2024

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Read more...

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!

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 5.435%
Secured Overnight Financing Rate (SOFR) 5.310%
Sterling Overnight Index Average (SONIA) 5.200%
Dow Jones Industrial Average (DJIA) 39,915
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 17, 2024

Several Federal Reserve officials said the central bank should keep borrowing costs high for longer as policymakers await more evidence inflation is easing, suggesting they’re not in a rush to cut interest rates.

Full Commentary