Case Study: Royal Credit Union grows business deposits with extended NCUA insurance from ModernFi

Royal Credit Union - Customer Case Study

Royal Credit Union, a market-leader in business banking, faced the challenge that its deposit growth was not keeping pace with its significant loan growth. To attract and retain large business accounts, they partnered with ModernFi to find a solution for offering extended NCUA insurance.

By utilizing ModernFi's service, Royal could provide its business clients with accounts featuring over $5 million in insurance coverage. This extended insurance from ModernFi served as an extremely strong, non-rate value proposition, effectively helping the credit union power new growth in its business deposits.

Royal Credit Union

Mickey Noone

VP of Business Lending