ModernFi CUSO White Paper: Download Today
How reciprocal deposits help credit unions grow and retain members
One deposit. Millions in pass-through NCUA coverage.
Commercial businesses, nonprofits, public entities, and high-net-worth members are some of the most strategic depositors a credit union can serve, and the easiest to lose when coverage runs out.
Reciprocal deposits change that.
Through ModernFi CUSO’s reciprocal deposit network, a credit union can offer $18M+ in pass-through NCUA insurance coverage through one account, which is enough to retain the relationships they already have and win the ones that historically went elsewhere.
More than 130 credit unions across 41 states are already using them, and our new white paper breaks down how.
Inside you’ll find:
- The high-value deposit landscape and the segments most at risk
- A visual walkthrough of how reciprocal deposits work for the member and for the credit union
- The regulatory foundation behind the model
- Four client case studies about how credit unions all over the US are currently leveraging the ModernFi CUSO network
ModernFi, Inc., ModernFi Deposit Services LLC, and ModernFi CUSO LLC are not NCUA-insured credit unions. Deposit insurance covers the failure of an insured credit union, not ModernFi or ModernFi CUSO. Deposits are placed at insured network institutions and are eligible for pass-through insurance up to $250,000 per institution. Certain conditions must be satisfied for pass-through NCUA deposit insurance coverage to apply. A list of participating credit unions appears at https://www.modernfi.com/credit-union-list.
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