Frequently Asked Questions
01. What is WISC?
The Wisconsin Investment Series Cooperative (WISC) was created in 1988 by school officials interested in investments that strive to maintain safety and liquidity while preserving capital. In 2004, the Intergovernmental Cooperation Agreement was updated to allow most types of public entities in Wisconsin to participate.
WISC provides a vehicle for investment in U.S. government obligations, agencies, commercial paper and other high-quality short-term instruments allowable under WI state statute. The combined purchasing power of many public entities contributes to attractive interest rates for public fund Participants.
02. How does a public entity qualify to participate in WISC?
The WISC resolution must be approved by each participating entity’s governing body. Once an account is opened and a resolution is approved, an entity can invest any time excess funds are available.
03. How many Wisconsin public entities are WISC Participants?
More than 250 local governments and school districts have approved the WISC resolution since its creation in 1988.
04. How are WISC transactions processed?
Authorized officials, as identified in each Participant’s WISC resolution, can electronically enter investments and withdrawals directly into WISC accounts 24 hours a day, seven days a week using PMA GPS®. Funds may also be transferred by placing a call to a member of WISC’s portfolio advisory team in Milwaukee requesting that funds move in or out of the program.
05. How do Participants provide input to WISC?
The WISC Board of Commissioners, made up of representatives from participating public entities, provides input on behalf of their colleagues from across the state at quarterly board meetings. Individual Participants are invited to attend the WISC Annual Meeting to provide feedback or bring new ideas to the Board. WISC also receives input from one-on-one contact with finance directors, business managers and board members throughout the year.