ModernFi Testimonials

"We've never had a tool or technology like ModernFi within the credit union system before. Deposit insurance is now important. [March 2023] was a wakeup call for folks. I look at deposit insurance like oxygen: you don't really realize it's there until it's gone."

"When we first entertained the acquisition, one of our immediate considerations was how to maintain the level of deposit insurance coverage that Republic Bank of Arizona had in place through alternative providers. From an operational and member trust perspective, it was clear that continuity in coverage would be critical. These accounts represented important funding for the economics of the acquisition, and the credit union’s ability to retain and service these accounts to the level these new members expected was vital."