How does my credit union benefit?

By providing access to modern tools and capabilities, ModernFi CUSO empowers credit unions of all sizes and designations to focus on supporting their members and their missions.

• Grow Core Deposits and Member Relationships: Extended Insurance Accounts, which let you provide accounts with millions in NCUA insurance to key members, empower you to attract high-value depositors, growing priority lines of business and member segments across business, nonprofits, public funds, high-net-worth individuals, trusts, and more.
• Provide Extended Insurance: Offer accounts with extended insurance to your members as a powerful non-rate value proposition to help reduce your acquisition cost of funds and reduce reliance on “hot” money.
• Source Funding on Demand: Access a diversified liquidity source of stable, cost-effective deposits without the worries of cannibalization or collateralization.
• Generate Income and Improve Financials: Sweep deposits into ModernFi's network to boost fee income, increase NIM, and reduce the overall size of your balance sheet.
• Precisely Mange Your Balance Sheet: Deposit networks are a tool in your ALCO’s toolkit, allowing you to dial funding up or down as needed to achieve your liquidity and growth goals.

Deposit networks have proven to be foundational financial infrastructure for banks in the FDIC space for over 20 years. ModernFi CUSO is leveling the playing field by ensuring that credit unions have access to these same tools and benefits, unlocking the full power and potential of sweep and reciprocal programs for credit unions for the first time.