We are Nebraska.

The Nebraska Public Agency Investment Trust (NPAIT) is a complete financial management resource available to Nebraska public entities and associations.

Designed and governed by a Board of Trustees comprised of thirteen members, NPAIT participants include a wide range of public agencies throughout the state.

Allowable under Nebraska statute and with the public at the forefront.


Rates as of 01/28/2023

Daily Rate* 4.377
7-Day Average Rate* 4.361

*Daily Rate: The Daily Rate refers to income generated over the previous one day period; the income is then annualized.
*7-Day Average Rate: The 7-Day Average Rate refers to income generated over the previous seven day period; the income is then annualized.

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: January 2023

Tighter Financial Conditions Slow Growth

During 2022, global central banks tightened monetary policy in an effort to combat heightened inflation. This tightened financial conditions and has resulted in manufacturers slowing production globally.


NPAIT Scholarship

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 application is due by January 13, 2023.


Bank Credit Analysis

Capping off an already interesting year came the news of potentially the largest bank fraud in the history of Nebraska. All NPAIT Participant deposits are fully secured with no expected losses. The PMA team is here to answer questions about the safety of your funds, as well as the credit analysis we use as it pertains to working with banking institutions. Check out the video above.

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.

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 (402) 389-5304via email or stop by the NPAIT office – 721 S 14th Street in Lincoln, NE 68508.

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).

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.