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.
Market Update: September 2023
Higher For Longer
The yield on the 10-Year US Treasury rose in August to its highest level since 2007. The month saw real yields rise even more and are now at the highest level since 2009. Real, or inflation-adjusted, yields reflect the difference between the expected levels of inflation and nominal Treasury yields.
NPAIT Board Meeting
The Nebraska Public Agency Investment Trust will hold its quarterly meeting to conduct business for the Board of Trustees on Thursday, October 26, 2023 at the Younes Conference Center South, 416 W. Talmadge Street Kearney, NE 68864, beginning at 10:00 A.M. This meeting will be open to the public. Persons needing to attend and/or participate at the Board Meeting should contact the office of the Marketing Agent at 402-389-5304 at least forty-eight hours prior to the meeting. A current and continuing agenda is posted for public inspection in accordance with the public meeting law in the office of the Nebraska Public Agency Investment Trust located at 721 South 14th Street, Lincoln, Nebraska.
Each year, NPAIT awards two $1,000 academic scholarships provided by PMA.
A committee comprised of NPAIT Board Members judges and selects the recipients of these scholarships.
This year’s winners are Candace Heggemeyer from Wayne, NE and Jaxon Stueve from Bellevue, NE. Ethan Hintz from Norfolk, NE was selected as the alternate.
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 works with numerous Nebraska banks to obtain the best possible rate.
04. What was that transition to new service providers?
In 2019, 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 14 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. How do I invest?
Participants may make transactions via phone as well as a multifunctional online platform which allows for online transactions and the ability to view, print and download reports to a variety of formats. The system allows for multiple accounts and interacts with local banks. Fixed Rate transactions can be included in the reports for a fully consolidated investment program.
NPAIT offers “SAME DAY credit for deposits” to every Participant. You must inform NPAIT (via online or by phone) of incoming wires from your local institution by 10:00 A.M. CST, 9:00 A.M. MT to receive same day credit, and the funds must be received by the end of the day.
A request for the Trust investment to be transferred by ACH, which will be effective the next business day, must be made by 2:00 p.m. Central Time, 1:00 p.m. Mountain Time.
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).