Depositing Funds

To deposit funds into the deposit network, your member simply moves funds from their existing account at your credit union (whether it’s checking, savings, money market, etc.) into their newly created Extended Insurance Account (ISA) via a standard internal transfer.

From there, funds are aggregated into a single Program Omnibus Account and pulled into the network once per day via wire. Once in the network, funds are distributed to partner credit unions to provide your members with extended insurance. Deposits remain at these credit unions until your member initiates a withdrawal.

Deposit Illustration