Case Study: Ascend Federal Credit Union enhances deposit security and wins high-value relationships with ModernFi

Ascend Federal Credit Union - Customer Case Study

Ascend Federal Credit Union, a financial institution with over $4.4 billion in assets, faced a growing demand from its high-value members, including businesses and high-net-worth individuals, for enhanced deposit security beyond standard insurance limits. To address this challenge and build stronger relationships, Ascend partnered with ModernFi and its service for providing extended NCUA insurance.

By leveraging ModernFi's solution, Ascend Federal Credit Union was able to offer extended deposit insurance, which enhanced its competitive advantage. This allowed the credit union to secure new high-value client relationships and successfully compete for public fund RFPs, solidifying its role as a trusted financial institution for its members.

Ascend Federal Credit Union

David Feldhaus

Chief Financial Officer