Iowa Schools Joint Investment Trust (ISJIT)

IASB^® collaborates with PMA Financial Network, Inc., U.S. Bank, Ahlers & Cooney, PC and RBC to provide the Iowa Schools Joint Investment Trust (ISJIT). ISJIT assists more than 325 school corporations in safely increasing their investment income. Since 1986, ISJIT has provided additional funds to increase the quality of educational services available to students across the state. ISJIT offers several investment alternatives to meet participants’ cash management needs.

Program Services & Features

1. ISJIT Online: This unique internet-based reporting system, provides participants with real-time account inquiry and transaction capabilities via the internet. Participants may invest or withdraw funds, verify account balances or transaction histories and direct inquiries to any ISJIT service provider with this unique service.

2. Daily Liquid Investment Alternatives: The Diversified portfolio is tailored to meet specific participant investment needs and has been structured to produce yields that compare favorably to yields available in other liquid account structures and fixed-term investments with limited liquidity.

3. Toll-Free Telephone Access: ISJIT representatives can personally assist with any investment-related inquiry or request. Call 1-800-872-0140.

4. Iowa Financial Institutions: ISJIT invests available funds with Iowa financial institutions, offering competitive rates of interest, whenever possible.

5. Fixed Term Automated Program: Participants have the opportunity to purchase certificates of deposit from Iowa financial institutions and other securities that are permitted for investment by school corporations under Iowa law. Within the Fixed Term Program, the Bond Proceeds Management Program offers the perfect investment capability for bond proceeds.
 

For more information about ISJIT, email Calvin VandeKrol or call (515) 247-7030. You can also visit www.isjit.org, email Paul Kruse or call (515) 554-1555.