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The Illinois Metropolitan Investment Fund (IMET) was developed in July 1996 as a cooperative endeavor to assist Illinois municipalities with the investment of their intermediate-term dollars. IMET was established as a not-for-profit investment fund under the Illinois Municipal Code. Currently serving 292 municipalities and public entities, IMET offers two separate investment vehicles, the 1-3 Year Fund and the Convenience Fund, to meet the investment needs of public entities.   The IMET 1-3 Year Fund continues to provide the  highest U.S.Government Securities' rating.    
More about IMET


  August 2014 IMET Performance Annualized
IMET 1-3 Year Fund
One Month
3 Months
One Year
3 Years
5 Years
Since Inception
Net of Fees
0.11%
0.02%
0.56%
0.11%
0.73%
3.64%
Gross of Fees
0.13%
0.07%
0.79%
0.36%
0.99%
3.95%

August 2014 IMET Convenience Fund Performance
IMET Convenience Fund - Past 12 Months
0.35%
Convenience Fund - Avg. Daily Yield for Month
0.39%

For prior 1-3 Year Fund daily NAV values and Convenience
Fund rates, please call the Operations Desk
1-888-288-IMET (4638)
Current Convenience Fund Rate * 1-3 Year Fund NAV
0.39%
as of Sep. 18th, 2014
$19.098
as of Sep. 18th, 2014

NAV at Aug. 29th, 2014
was $19.114
Current Fed Funds Rate
0.00% - 0.25%

* The Convenience Fund rate provides a minimum rate of Fed Funds, plus an enhancement that may fluctuate daily


Scott Bordui  has been the Finance Director for the Village of Flossmoor, IL since 1996. Prior experience involves both public and private sectors including positions as Assistant Finance Director for the Village of Oak Park, Comptroller for a bank, and Field Examiner (auditor) with the Indiana State Board of Accounts. He also has experience teaching accounting classes at the college level. He has a B.S. in Accounting from Indiana University and is a Certified Public Accountant (CPA). Professional memberships include the American Institute of CPAs, the Illinois CPA Society, the Government Finance Officers Association (GFOA) and the Illinois Government Finance Officers Association (IGFOA). He has been a speaker at the GFOA Annual Conference, at IGFOA seminars and at other local events. He serves as Vice Chairman of the Board for the Illinois Metropolitan Investment Fund (IMET) and as an Executive Board member of IGFOA. Also, he is past Chairman of the Board for IMET, a Past President of the South Metro Chapter of IGFOA, and a current Board member for the Intergovernmental Risk Management Agency.


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For easy access to wire instructions for purchases, redemptions or transfers
please call the operations/help desk at 1-888-288-IMET(4638)
IMET Operations Desk
8:00 a.m. - 4:30 p.m. (CST) bus. days.
Telephone: (888) 288-IMET (4638) 
 
New Members
The IMET Board and staff are very pleased to welcome the following new participants:
  • Palatine Park District
  • Will County Treasurer
  • Village of LaGrange Park
  • Acorn Public Library District
  • City of Lincoln
  • Bolingbrook Park District
Audit Confirmation Request
Please send requests for audit confirmations to:

Ms. Paula Cooper
PMA Financial Network, Inc.
2135 CityGate Lane
7th Floor
Naperville, IL 60563
630-657-6450
or
Fax requests to: 630-718-8701
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