ModernFi CUSO operates the first-ever deposit network built exclusively for credit unions. Through ModernFi CUSO’s deposit network, credit unions of all sizes and designations can provide accounts with millions in extended NCUA insurance to attract and retain large-value members. This works by distributing balances in increments of $250K or less to network credit unions, enabling millions in extended federal deposit insurance for members while they maintain only one account at their home credit union.