Nearly $5 billion in socially responsible deposits were placed through IntraFi Network Deposits in 2020 alone.

Making a difference is as easy as setting up a bank account.

Many individuals and organizations seek to support businesses that align with their values; this strategy is becoming more popular — and more important — every day. But is there something you can do that doesn’t involve spending? Yes!  Simply set up a bank account.

When you deposit money into a bank, you’re providing that bank with funding — funding the bank can use to make loans. Deposit money into a community bank, for instance, and your funds will be used to make loans to local businesses and individuals.

You can help make underserved communities stronger, healthier, and more vibrant through your support of values-based institutions.

You can deposit money into a community development financial institution (CDFI), a minority depository institution (MDI), a bank belonging to the National Bankers Association (NBA), or a bank belonging to the Community Development Bankers Association (CDBA). These values-based institutions measure success not just by economic gains, but also by the contributions, financial and otherwise, that they make to underserved communities.

When you deposit money into a CDFI, an MDI, an NBA bank, or a CDBA bank, you’re providing it with capital for future growth or funding to make local loans—loans that can fund affordable housing, small-business development, the expansion of neighborhood facilities, and other important initiatives.

Regardless of how your deposits are used, you’ll be making underserved communities stronger, healthier, and more vibrant—all because of where you bank.

IntraFi Network Deposits enables socially responsible banking.

Today, working with a values-based bank has never been easier. By selecting one that offers IntraFi^® Network Deposits^SM (formerly named ICS^® and CDARS^®), you can make amounts in the millions, or even billions, eligible for FDIC insurance.

Today, 70% of CDFI-certified banks and two-thirds of MDIs offer IntraFi Network Deposits along with thousands of other banks across the country. Nearly $5 billion in socially responsible deposits were placed through IntraFi Network Deposits in 2020 alone.

With IntraFi Network Deposits, you can access multi-million-dollar FDIC insurance on funds placed in demand deposit accounts, money market deposit accounts, and CDs.

Using IntraFi Network Deposits, you can enjoy the ease of working directly with a single financial institution and earn comparable returns to Treasuries and government money market mutual funds while protecting principal and interest against market losses (demand deposit accounts, money market deposit accounts, and CDs are not subject to floating net asset values). You can select from various liquidity options, depending on cash needs and uses, and you can see where your funds are on deposit with regular statements and a 24/7 DDA-MMDA online dashboard. And, with eligibility for FDIC insurance, you can eliminate ongoing requirements to track collateral.

See a list of CDFIs and CDBA banks that offer the IntraFi Network Deposits DDA-MMDA option or that offer the IntraFi Network Deposits CD option.

Key Definitions

• CDBA – A national trade association of the community development banking industry established to help its members better meet the credit needs of their communities.
• CDFI – CDFIs include banks that dedicate the majority of their activities to serving economically distressed neighborhoods and those who otherwise lack access to traditional financial services. Certified by the U.S. Treasury’s Community Development Financial Institutions Fund, CDFIs provide credit and other financial services to underserved markets.
• NBA – A trade association comprised of African-American-, Hispanic-American-, Asian-American-, and women-owned banks. Through its member institutions, the NBA focuses on providing employment opportunities, economic revitalization, and entrepreneurial capital to low- and moderate-income communities across America.
• MDI – A bank in which 51% or more of the common stock is owned by one or more members of the following groups: African-American, Asian-American, Hispanic-American, or Native American; or a bank where 51% or more of the directors on the board are members of those minority groups and the community the bank serves is primarily minority.