We are Nebraska.

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 05/27/2020

Daily Rate* 0.24
7-Day Average Rate* 0.26

Investment Options

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.

Knowledge Center

Market Update: May 2020

Featured Market Data: Initial U.S. Recession Likely Begins

Gross Domestic Product, the broadest measure of goods and services produced, shrank 4.8% in the first quarter according to the government’s advance estimate.


A Message from your NPAIT team

NPAIT Scholarship

Each year, NPAIT awards two $500 academic scholarships provided by PMA.
A committee comprised of NPAIT Board Members judges and selects the recipients of these scholarships.

Congratulations to this year’s recipients, Haley Williams and Angela Lingnau!


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.

03. Who can participate in NPAIT?

All Nebraska public entities are eligible to participate in NPAIT. For information on how to join, contact Walker Zulkoski at (800) 640-8817, via email or stop by the NPAIT office – 721 S 14th Street in Lincoln, NE 68508.

04. What was that transition to new service providers?

The NPAIT Board of Trustees voted to transition investment services, administration services and marketing to PMA Financial Network, LLC and its affiliated entities. Governance remained 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. Now, participants have access to a variety of enhanced services to meet the changing needs of Nebraska public entities.

05. Did the transaction process change? How do I invest?

Participants may continue to make transactions via phone as well as a new multifunctional online platform that allows Participants to make online transactions, view, print and download reports to a variety of formats. The system allows Participants to maintain multiple accounts, and interacts with local banks. Fixed Rate transactions can be included in the reports for a fully consolidated investment program. Transaction cut-off times remain the same.

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).

Meet the Board Members

Get to know our NPAIT Board and how they can help.


Service Providers

Click below to learn more about our NPAIT Service Providers.