What qualifies a credit union’s eligibility to join ModernFi’s Deposit Network?

ModernFi partners with credit unions in good standing with regulators, and compliant with all Anti-Money Laundering and Know Your Customer requirements. ModernFi only places deposits at US-based NCUA-insured credit unions that are monitored by a U.S. federal or state governmental agency responsible for the supervision of financial institutions. Sound Credit Union maintains complete control over the credit unions that can receive your funds and you always have full transparency into the allocation of your funds.