Labor Investment Services
Providing custody service since 1956, we have grown to over $6 billion in assets under management and custody. For over 60 years, Bank of Labor has been a stable and reliable partner to Taft-Hartley clients in multiple building trade crafts. Our trust officers have extensive experience with asset management and operate with strict adherence to all state and federal regulations. We proudly offer customized products to fit your needs. Our hands-on service focuses on adding value, mitigating risk and maximizing efficiency.
National Certificate of Deposit
Bank of Labor offers laddered portfolios of high-yielding FDIC insured certificates of deposit selected from financial institutions across the U.S. to meet your investment objectives. We can Increase your return by using the leverage of millions of trust dollars under Bank of Labor’s management. Your national CD funds are eligible for multi-million-dollar FDIC insurance backed by the full faith and credit of the U.S. government. Your transaction account is managed at our bank and placed in other member banks exceeding $250,000, the standard FDIC insurance maximum. Pay only one rate on CD investments, receive monthly statements and the option to view all your investments on Bank of Labor’s Trust Division online portal.
Investment Management
Bank of Labor professionals offer personalized client services while taking an honest, straightforward approach to provide a range of investment options. We offer equity and fixed income management, investments across stocks, bonds and alternate assets, and a full range of high quality tax-free and taxable fixed-income investments.
Our strong, consistent performance includes solid risk management techniques, safety and stability of principal, complete and timely reporting and an online platform with real-time account holdings, positions and statements.
Bonds
We offer access to a full range of high quality tax-free and taxable fixed-income investments, including U.S. Treasury and agency obligations, asset-backed securities and corporate and municipal bonds.
Mutual Funds
Bank of Labor takes an honest, straightforward approach to help your organization understand investment options and offer dozens of rigorously screened and high quality mutual funds from America’s best-known companies. We will analyze your situation and help find the right mix of assets to match your financial goals.
Equities
We can work as your equity advisor in a fully-managed approach. This fully-managed approach gives the bank full discretion to manage your equity assets based within agreed upon guidelines and regular performance reviews.
Custodial Accounts
A custodial account gives you the ability to make your own investment decisions without all the tedious details of investing. We offer custodial services to protect your securities against physical loss, theft, fire or neglect. Your investments are further protected and monitored through ongoing audits and examinations by internal auditors and government examiners, corporate actions, class action filings and proxy services to mitigate risk and maximize efficiency.