ModernFi is a fintech that supports credit unions in growing deposits and strengthening member relationships by providing accounts with extended NCUA insurance coverage. By addressing the needs of large-value depositors, ModernFi’s solutions help credit unions attract and retain high-value members, creating a win-win for institutions and their communities.

Recently forming a Credit Union Service Organization (CUSO), ModernFi has expanded its focus on serving credit unions directly, tailoring its offerings to the unique needs of the industry. The platform enables credit unions to provide accounts with deposit insurance coverage far beyond the standard $250,000 NCUA limit, an essential feature for members managing significant financial resources. This added layer of security not only attracts new members but also enhances trust and loyalty among existing ones.

ModernFi’s CUSO status underscores its commitment to partnering with credit unions to enhance liquidity and improve member experiences. By leveraging ModernFi’s tools, credit unions can provide competitive deposit options while maintaining a focus on member-first service.