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. More about IMET
IMET's Convenience Fund Investment Disclosure is available under the "Latest News and Articles" links located near the bottom of IMET's homepage.
September 2014 IMET Performance
IMET 1-3 Year Fund
Net of Fees
Gross of Fees
September 2014 IMET Convenience Fund Performance
IMET Convenience Fund - Past 12 Months
Convenience Fund - Avg. Daily Yield for Month
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
0.42% as of Oct. 28th, 2014
as of Oct. 28th, 2014 NAV at Sep. 30th, 2014
Current Fed Funds Rate
0.00% - 0.25%
John (Secretary) joined the Village of Minooka as the Finance Director in January 2007 and brings over twenty years of accounting experience. Prior to joining the Village, he was the Controller of the Housing Authority of the County of Cook and an audit manager for the accounting firm BDO Seidman, LLP in Chicago. He received a B.S. degree in Accounting from North Central College in Naperville and is a CPA.
John currently serves as the Past-President of the South Metro Chapter of the IGFOA and Division Chair for the Greater Channahon Minooka Chamber of Commerce.