Value Proposition
Public fund deposits offer deposit diversification and are stable funding sources for credit unions. Public fund deposits can help satisfy a credit union’s short- or long-term or small- or large-block needs. This option brings liquidity from a source outside the credit union market space to credit unions across the nation. Available to all federally insured credit unions, public fund deposit services are offered to members and non-members.
Benefits
-
Potential access to 2,400 public entities, including school districts and municipalities
-
Multiple, fixed-term options where you select the amount, rate and term
-
The ability to expand your deposit base without disrupting or cannibalizing existing deposits
-
Deposit diversification
-
Reduced seasonality
-
Proactive funding
-
A cost-effective liquidity solution with no direct expenses
-
Operationally efficient
-
Ongoing flexibility
-
Peace of mind from working with a trusted partner with a core mission of providing liquidity to the credit union industry
Features
-
Term deposit program: Laddered or specific, large and small block, using collateralized or non-collateralized options
-
Liquid deposit account program: Large and small block, using collateralized or non-collateralized options
-
Direct deposits less than $250,000
-
Custodial program allows large block deposits without pledging collateral
-
Collateralized deposit program greater than $250,000
-
Security pledge on an individual or program basis
-
Public Unit Deposit Letter of Credit