The Nebraska Public Agency Investment Trust (NPAIT) is a complete financial management resource available to Nebraska local governments.
Designed and governed by Nebraska public entities, NPAIT participants include a wide range of public agencies throughout the state. The NPAIT Board of Trustees is comprised of thirteen members representing Nebraska public entities and associations. Allowable under Nebraska statute and with the public at the forefront, NPAIT meets the needs of our communities.
Rates as of 08/28/19
|CLASS/SERIES||CMS %||IS %||LTD %|
|7-Day Average Rate||1.94%||2.11%||–|
|7-Day Effective Rate||1.96%||2.13%||–|
|Net Market Yield as of 08/23/19||–||–||1.80%|
|1-Year Net Total Return as of 08/23/19||–||–||2.97%|
Cash Management Program
NPAIT’s cash management program offers a professionally managed investment option with daily liquidity, online transaction capability, and a focus on the safety of public funds.
Fixed Term Sevices Program
NPAIT offers a wide range of Fixed Term investments and programs to meet the ongoing needs of Nebraska public entities.
Prudent Man Advisors Market Update
FEATURED MARKET DATA – WHAT IS MOVING THE DOLLAR?
Over the past year, President Trump has repeatedly blamed the Federal Reserve for setting rates too high and strengthening the US dollar. The strong dollar makes foreign goods less expensive and puts downward pressure on the price of goods manufactured in the U.S.
Each year, NPAIT awards two $500 academic scholarships provided by Union Bank & Trust Company and Miles Capital, Inc. A committee comprised of NPAIT Board Members judges and selects the recipients of these scholarships.
The deadline to submit your 2020-2021 NPAIT Scholarship Application will be announced in the near future.
SCHOLARSHIP INFORMATION AVAILABLE IN 2020
Frequently Asked Questions
01. What is the Nebraska Public Agency Investment Trust (NPAIT)?
Founded over 20 years ago, NPAIT is a cooperative investing program designed and governed by Nebraska public entities. Allowable under Nebraska statutes, NPAIT offers Nebraska public entities the opportunity to invest funds jointly– increasing efficiency and offering the financial benefits of joint investing. The program is governed by a Board of Nebraska public officials and is designed specifically for Nebraska public entities. Currently, over 200 entities participate in the NPAIT program.
02. What programs are available through NPAIT?
NPAIT provides a daily liquid portfolio and fixed rate investment options through the Fixed Term Services Program. The liquid fund provides daily liquidity and a variable rate of interest. Investments are limited to the highest quality available and are allowed under Nebraska’s public fund statutes. NPAIT’s Fixed Term Services offer investments for a fixed time period. Under the new service structure, NPAIT will work with numerous Nebraska banks to obtain the best possible rate.
04. What will happen with the upcoming transition to new service providers?
The NPAIT Board of Trustees recently voted to transition investment services, administration services and marketing to PMA Financial Network, LLC and its affiliated entities. Governance will remain the same with the Board overseeing the service providers. The PMA companies serve 12 programs similar to NPAIT and offer a wide range of services to benefit public entities. Over the coming months, Participants will learn about these services through a series of notifications, conversations and webinars. The transition is expected to be complete by December 2nd, 2019, and Participants will have access to a variety of enhanced services to meet the changing needs of our Nebraska public entities.
05. Will the transaction process change, and how do I invest?
While Participants may continue to make transactions via phone, a new multifunctional online platform will allow Participants to make online transactions as well as view, print and download reports to a variety of formats. The system will allow Participants to maintain multiple accounts, and it will interact with local banks. Fixed Rate transactions can also be included in the reports for a fully consolidated investment program. Transaction cut-off times will remain the same. Upcoming webinars will offer training on this efficient, secure and user-friendly system.
06. Who sponsors NPAIT?
NPAIT is sponsored by the Nebraska Association of County Officials (NACO), Nebraska Rural Electric Association (NREA), the Nebraska Community College Association (NCCA), the Northeast Nebraska Economic Development District (NENEDD), the Nebraska State Irrigation Association (NSIA), the Metropolitan Area Planning Agency (MAPA), the Nebraska State Volunteer Firefighters Association (NSVFA), the Panhandle Area Development District (PADD), and the Nebraska Association of Resources Districts (NARD).