Grow deposits and
depositor relationships
ModernFi helps financial institutions of all sizes provide depositors access to
millions in aggregate insurance across network institutions*, source funding on
demand, manage their balance sheet, and grow revenue.
*A list identifying ModernFi / NBID network banks can be found here. ModernFi is not an FDIC-insured bank, and
deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for “pass-through"
FDIC deposit insurance coverage to apply. A list identifying ModernFi CUSO network credit unions can be found here.
Trusted by the nation’s leading institutions
ModernFi’s network includes the largest regional banks and credit unions as well as the most influential community institutions in all 50 states across the country. With over 350 institutions and growing, ModernFi’s partners are pillars in their local communities and are role models that others follow.
Modern balance sheet management
for banks and credit unions
Leverage ModernFi's integrated suite of deposit products to better serve your
depositors, empower your operating teams, and grow net interest margin.
Deposit Network
Attract large-value depositors
and manage balance sheet size
ModernFi's Deposit Network enables you to provide access to millions in aggregate insurance across network institutions* to attract and retain large-value depositors, source overnight funding for liquidity, and sweep excess deposits to manage your balance sheet. ModernFi's software and integrations eliminate friction for depositors and operational burden for financial institutions.
*A list identifying ModernFi / NBID network banks can be found here. ModernFi is not an FDIC-insured bank, and deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for “pass-through" FDIC deposit insurance coverage to apply. A list identifying ModernFi CUSO network credit unions can be found here.
*A list identifying ModernFi / NBID network banks can be found here. ModernFi is not an FDIC-insured bank, and deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for “pass-through" FDIC deposit insurance coverage to apply. A list identifying ModernFi CUSO network credit unions can be found here.
Prospect Finder
Identify, contact, and win new large-value accounts
ModernFi's Prospect Finder data helps you search for and identify new customer and member opportunities across businesses, nonprofits, public funds, and large-balance individuals. Filter based on your exact requirements, get detailed contact information and opportunity insights, reach out to prospects, and win new relationships to grow your stable, low-cost funding.
Term Funding
Source cost-effective term
funding on demand
ModernFi's Term Funding software lets you source stable, efficient
funding to grow and manage your balance sheet. ModernFi provides
unparalleled insights into market pricing for brokered CDs, order fill,
and issued CDs to empower your liquidity and funding teams.
Testimonials from our partners
Deposits are the foundation of our industry, and controlling this essential asset is critical, particularly for community and regional banks competing with larger players. By keeping governance in the hands of member banks, without outside intermediaries, we ensure the [NBID] network operates as a true coalition on behalf of its participants.
As a former safety and soundness regulator, what ModernFi is doing is bringing credit unions another tool to add to the strength, safety, and vitality of the credit union ecosystem.
Over the past 20 years, reciprocal deposits have grown to become a vital service for community and regional banks, allowing them to remain competitive and thrive. The value of these networks are the banks themselves, which motivated the creation of NBID. Now, member banks can benefit from the networks they power.
Reciprocal networks allow us to better serve clients of all sizes. Through NBID, we finally have oversight over a service that has quickly become essential to our growth and stability, and we benefit financially from its success.
ModernFi provided a platform for us to own the full deposits relationships with organizations whose mission align with ours. We’re grateful for the partnership and support in serving large members that were previously out of reach.
ModernFi gave us everything we needed from training videos, marketing flyers, and conversation starters. It was all clear, easy to use, and backed by support whenever I needed it.
* Insurance provided through program banks and credit unions (subject to certain conditions). A list identifying ModernFi / NBID network banks can be found here. ModernFi is not an FDIC-insured bank, and deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for “pass-through" FDIC deposit insurance coverage to apply. A list identifying ModernFi CUSO network credit unions can be found here.
Stronger deposit growth at financial institutions that utilized sweep and reciprocal deposits in 2023 and 2024 compared to those that did not.
Source: Analysis of FFIEC Call Reports