IntraFi

“The resources and the individuals and the integrity of the organization are above reproach. There’s never been a question that’s gone unanswered. Whenever we've had challenging times as an organization, they’ve been by our side.”

“I was told awhile ago that I’d be the last president here - that the bank would have to sell due to regulatory pressures and constraints on earnings. To survive, we needed to grow. In a perfect world, you use core deposits; but core deposits and the loan demand sometimes don’t flow at the same time. So we use [IntraFi] to fill in the gaps. It allows us to leverage the capital we have to grow.”

“Our public funds customers appreciate knowing that when they place their funds through ICS, those funds are eligible for FDIC protection beyond $250,000 and earn interest. That benefits them, as well as local taxpayers, as our bank can make those funds available for investment within the community.”

“[Reciprocal deposits] have been a key driver for us in the last several years. We’ve been able to drive the wholesale brokered deposits down and substitute [them] with [reciprocal deposits]. The big difference that I see, in addition to just sheer volume, is the pricing. Wholesale pricing is a lot higher. You can drive and price these deposits the way your market [commands] and the way you would your other pricing decisions.”

“We were one of the first banks to join the [IntraFi] network. We realized that CDARS was a game changer - one that would give banks like ours not just competitive equality with large financial companies, but a real competitive advantage in attracting local customers.”

“We received a ton of deposits during [a specific time], and IntraFi’s services were important in helping us manage our balance sheet and capital position through that growth”

“Having access to the kind of scale that IntraFi provides us with is why our partnership is so successful. The ability to access large amounts of funding so quickly is essential. We have also been able to use IntraFi’s solutions to access funding on good terms as far as interest rates which is very important to the bank. IntraFi excels in customer service and responsiveness making doing business with them easy.”

“Unlike its competitors, [IntraFi] doesn’t compete with us for our customers. We own our customer relationships. We set our rates. [IntraFi] crafts its services from a banker’s perspective. Head to toe, [IntraFi] is all about community banks. The company’s services level the playing field, helping us to better compete with much larger players.”

“IntraFi evens the playing field. It [ICS] allows us to get to the plate and take swings that would otherwise be much harder.”

“Customer support is awesome. They are knowledgeable and great communicators.”

“We love that [IntraFi] gives us options. We can either attract deposits through and sell the excess to other banks through or purchase funding. This is especially helpful in today’s regulatory environment.”

“IntraFi is a different kind of fintech. IntraFi partners with banks and provides solutions for banks. In fact, it weaves the nation's banking industry together in order to provide increased deposit insurance coverage and this ability to gain wholesale deposits. And so [IntraFi is] certainly not a competitor with banks.”

“Reciprocal deposits help us better manage our balance sheet. We can more easily determine what to do with excess liquidity and easily follow through on those decisions which lowers our cost of funds and increases our profitability. Most importantly, reciprocal deposits give us another way to further our support for our communities.”

“With the help of [IntraFi] and access they provide to multi-million-dollar FDIC insurance, we’ve been able to build loyal, large-dollar relationships.”

“I have seen nothing but forward thinking and innovation recently at [IntraFi], and I love it! There is beauty in simplicity, and [IntraFi] offers this along with bells and whistles when we need them.”

“Since the ICS was introduced more than a decade ago, we have been recommending that all banks include this innovative product in their funding toolbox…it has been a game-changer for so many of our clients.”

“I have worked with [IntraFi] since 2009, and I have been continually impressed by the way they continue to seek out innovation with not only the financial institutions in mind, but also the customer experience. Staff [is] typically top notch and extraordinarily responsive.”

““We couldn’t do what we’re doing without IntraFi.””

““I can’t say enough good things about you guys. I just can’t,” Rousey remarks. “And I can’t say enough good things about your customer service, specifically. It’s A-plus.””

““I include ICS One-Way Sell files with our standard ALM files so we can use it as another source of contingency funding in liquidity analysis.””

““Moving our most-expensive deposits off balance sheet via One- Way Sell lowers our interest expense, and effectively gives us another contingency source of funding.””

““IntraFi’s services let us offer access to FDIC coverage and we no longer have to pledge or get a bond from the Federal Home Loan Bank.””

“But the cherry on top? IntraFi’s customer service. “Administratively, IntraFi made it really easy for us,” says Hill. “The whole process was so quick and seamless. And every time I call IntraFi, whoever I speak with is terrific.””

““Taking that money off our balance sheet has been a godsend,” says Monte. “Our capital ratio went back up, and all the little things that the Fed examiners look at improved. In fact, we just had a state exam, and we did really well.””

““Absolutely. Bankers have an obligation to support the unbanked — not just because we’re regulated, but because it’s good for business, our communities, and the economy. This is a noble profession.””