Case Study: Credit Union 1 achieves public deposit growth with ModernFi

Credit Union 1 - Customer Case Study

Credit Union 1, a national credit union, sought to turbocharge its deposit growth by pursuing public funds following a new law in Florida. To meet this challenge, they partnered with ModernFi and its service backed by extended NCUA insurance.

ModernFi's solution enabled Credit Union 1 to meet the insurance requirements typical in public funds RFPs. As a result, the credit union is positioned to become the first public depository credit union in Florida. ModernFi's expertise and network, which has helped peers grow deposits by over $110 million, provided a clear path forward for this strategic growth.

Credit Union 1

Todd Gunderson

CEO & President