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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 293 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.    
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Announcements

To read the latest information regarding IMET from IMET Chairman, Jerry Ducay, please scroll down to "Latst News & Articles" below.


  December 2014 IMET Performance Annualized
IMET 1-3 Year Fund
One Month
3 Months
One Year
3 Years
5 Years
Since Inception
Net of Fees
-0.19%
0.12%
0.47%
0.29%
0.68%
3.57%
Gross of Fees
-0.17%
0.17%
0.69%
0.54%
0.94%
3.89%

December 2014 IMET Convenience Fund Performance
IMET Convenience Fund - Past 12 Months
0.36%
Convenience Fund - Avg. Daily Yield for Month
0.27%

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
0.21%
as of Jan. 29th, 2015
$19.186
as of Jan. 29th, 2015

NAV at Dec. 31st, 2014
was $19.130
Current Fed Funds Rate
0.00% - 0.25%


Scott Anderson (Trustee) is the Finance Director/Treasurer for the Village of Buffalo Grove, Illinois. He has held this position since 2006. Prior to being appointed he had been the Assistant Finance Director at Buffalo Grove sine 1999. He has a B. S. in Political Science from Arizon State Univeristy and a Masters in Public Administration (Fiscal Administration) from Northern Illinois University. Professional memberships include the Government Finance Officers Association(GFOA) and the Illinois Government Finance Officers Association (IGFOA). He is a member of the Executive Board of IGFOA.


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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:
  • Village of Montgomery
  • Palatine Park District
  • Will County Treasurer
  • Village of LaGrange Park
  • Acorn Public Library District
  • City of Lincoln
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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