LCSA recently partnered with Michigan CLASS to bring LCSA payments online!

What Does this Partnership Mean for Your Entity?

Through this partnership with Michigan CLASS, your entity can receive your LCSA distributions directly to a Michigan CLASS account. When you opt to receive your payments online with Michigan CLASS, your entity’s funds will be deposited directly into your account immediately following the initiation of the LCSA distribution, eliminating delays and potential fraudulent activity associated with physical mailing.

What is Michigan CLASS?

Michigan CLASS is a short-term, highly liquid local government investment pool (LGIP) designed specifically for public agencies. Michigan CLASS provides the opportunity to invest funds on a cooperative basis in legally permitted investments under Michigan State Law that are carefully chosen in an effort to provide maximum safety and liquidity.

Creating a Michigan CLASS account for your LCSA funds enables you to easily track your funds for reporting and auditing purposes while the Michigan CLASS Transaction Portal allows you to move your funds to your bank accounts on file without transaction fees.*

To get started with online distributions, please click here!

^{*You may incur fees associated with wires and/or ACH transactions by your bank, but there will be no fees charged from Michigan CLASS for such transactions. Investment involves risk including the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.}