Funds Plus Account (FPA)

The Funds Plus Account is Southeast Corporate's overnight account option for cash managers who wish to maximize their income. Read more about Funds Plus here.

Managed Investment Account (MIA)

Southeast Corporate has overnight account options for less active cash managers. MIA balances are maintained in the account until withdrawn. Withdrawals from the MIA account (without penalty) are limited to three per month. Additional withdrawals reduce the yield to the Transaction Account rate for the remainder of the month. A $50,000 minimum balance applies. Dividends are accrued daily and are paid monthly.

Transaction Account (TA)

All daily settlement transactions hit this account. The Transaction Account offers the credit union the ability to fund all operational settlement needs, plus a fair return on a daily basis. If a credit union has insufficient funds in a Transaction Account to cover settlements; the account will automatically overdraft to a Settlement Loan. No minimum balance applies. Dividends are accrued daily and are paid monthly.