- Slice of Finance
- Posts
- ModernFi and Tru Treasury Partner to Enhance Credit Union Business Banking
ModernFi and Tru Treasury Partner to Enhance Credit Union Business Banking
Slice of Finance Team
06 Sep
Key Highlights:
ModernFi and Tru Treasury collaborate to strengthen credit union business banking services.
Partnership enables credit unions to offer millions in extended NCUA insurance on business accounts.
Comprehensive suite of treasury management solutions for deposit and member growth.
Supports credit unions in competing in the high-dollar business accounts sector.
Source (Business Wire)
Notable Quotes:
“For years, we have been searching for a deposit network to add to our offerings and were thrilled to find ModernFi. Our broad range of treasury solutions combined with ModernFi’s industry-leading deposit network significantly enhances the financial infrastructure available to credit unions, positioning them to win in the competitive business banking market.”
“ModernFi’s partnership with Tru Treasury provides credit unions an innovative solution to manage their balance sheet needs and offer members value through access to millions in insurance.”
Our Take:
This partnership between ModernFi and Tru Treasury comes at a crucial time when credit unions are navigating an increasingly competitive deposit environment. The integration of ModernFi’s deposit network with Tru Treasury’s treasury management services provides credit unions with the tools necessary to thrive in the business banking sector. This alliance enhances credit unions’ ability to attract high-value deposits and provide extensive insurance solutions, positioning them as formidable players in business banking.