Get the latest product updates from ModernFi CUSO directly in your inbox by subscribing to our changelog. To subscribe to product changelog updates, any Institution, Program, or User Management Admins can to Settings in the Admin Portal, enter your email under Subscribe to Product Changelog Updates, and click Subscribe. For more information, see here.

Dynamic Target Balance is now available in the Admin Portal, allowing you to automatically adjust your Target Balance for your Receive Program based on your sweep activity. Instead of setting a static target balance that requires manual updates, you can now define your target as a spread (positive, zero, or negative) relative to your sweep balance. This eliminates the need to continuously monitor and adjust your target balance as member activity causes your sweep balance to fluctuate, while maintaining your desired net-sourcing, exact reciprocation, or net-sweeping position. Your target receive balance will update in real-time alongside sweep activity, reducing operational burden and ensuring your balances remain aligned with your balance sheet strategy. For more information, see here.

The Account-Level Reciprocation feature enables financial institutions to gain granular visibility into and control over how reciprocal balances are attributed across Extended Insurance Accounts. Institutions can prioritize specific accounts for reciprocal classification or rely on automatic determination based on balance levels from lowest to highest, with clear identification of which accounts are currently reciprocated. This capability delivers significant benefits to clients by supporting more detailed reporting of network activity for account- and branch-level attribution, facilitating compliance with regulatory obligations, and empowering institutions to strategically manage their reciprocal relationships with greater precision and transparency that aligns with their operational needs. For more information, see here.

Credit Unions can now assign Ownership Categories to their members on the Admin Portal, enabling more granular tracking of depositors in the ModernFi CUSO Network. Admins can assign an Ownership Category during Account Opening and can edit or add them to existing members through the Depositors table.

Pricing Groups enable your institution to manage dividend rates across multiple accounts more efficiently. Rather than updating rates for each account individually (or en masse), you can organize accounts into groups and, in a single update, apply rate changes to each account within a group. This functionality eliminates manual account-by-account rate updates, while ensuring you can maintain a targeted rate strategy through a solution that scales with your network participation. For more information, see here.

This new release ensures that your account opening experience adapts to any live integrations in place with your core and/or digital banking providers, resulting in a more intuitive experience for program administrators and deposit gatherers.

In support of secure and compliant access to the ModernFi Admin portal, institutions can now assign team members to one of six pre-defined roles. Please find more information here.

The depositor creation flow now includes an optional Account Officer field to track which relationship manager is responsible for each depositor relationship. This field appears in both the Add Depositor form and the Depositors table, enabling better client management and internal accountability. Reference the documentation for more information.

FI admins can now customize end-of-month account statements directly in the Admin Portal through Institution Settings. Customization options include statement title, disclosure paragraphs, NCUA regulatory mark display, contact and mailing information, account number masking, and closing paragraphs. Settings apply institution-wide to all future statements automatically. All institutions start with default settings that match their current statement format. Reference the documentation for more information.

FI admins can now create depositors directly in the Admin Portal as part of the account opening flow. After submitting account details, you'll be prompted to add depositor information including type, name, contact details, and address. You can optionally send the depositor a portal invitation to access their account. Both the account and depositor are created automatically without requiring ModernFi manual intervention. Reference the documentation for more information.