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