ModernFi

Reciprocal deposits give depositors access to millions in aggregate deposit insurance across network members through a single account. Matching balances flow back from the network to keep the institution’s balance sheet whole.

The offering provides on-demand, stable, non-collateralized funding. Customers set a target balance and draw deposits from across the network onto their balance sheet, with no collateral or fixed maturity.

The service sweeps balances from an institution’s balance sheet into the network to potentially generate fee income, improve net interest margin, and manage balance-sheet size. Depositors retain the relationship, and excess balances earn recurring income at the network rate.

Industry analysis, regulatory commentary, and product perspective from the ModernFi team on the deposit landscape.

Careers at ModernFi: the mission, the team, benefits, and every open role across engineering, product, revenue, success, and operations.

Every role ModernFi is hiring for, grouped by unit: engineering, product, business development, institution success, and operations. Each role opens its full description and application.

ModernFi builds financial infrastructure for community banks, regional banks, and credit unions that fund small businesses, originate mortgages, and hold community savings. The page introduces the founder memo and the institutions, investors, and boards behind the network.

ModernFi invites institutions to contact its team for help growing deposits, deepening relationships, and scaling revenue.

ModernFi operates the institution-owned deposit networks used by over 700 U.S. financial institutions to grow deposits, deepen depositor relationships, and scale revenue.

The page describes how ModernFi, Inc., ModernFi Deposit Services LLC, and ModernFi CUSO LLC collect, use, share, and protect information from visitors to their marketing properties and authorized representatives of financial institutions on the network.