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Ever wondered what Deposit Reclassification really is or how in the world does it work?  Here is the presentation we will be giving at the CUES Experience in Minneapolis next month. Feedback is always appreciated!

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Back in May 2007, the Federal Reserve issued a legal opinion on Deposit Reclassification and how it should be administered in financial institutions.  If you feel like reading a legal opinion on a really fun topic, follow the link.  The longer I work in the CU world, the more my opinion on innovation grows stronger.  [...]

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For the past few months, we’ve been working with CUES to develop a partnership between our two companies and it has finally come to fruition.  The press release has gone out, websites updated, and the fun can now begin!  We’re greatly looking forward to working with CUES and can’t wait to serve the CUES membership. 
PS - [...]

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We were interviewed for a CU Times article a while back and it looks like it made it into the most recent issue.  I’ve yet to see the actual print copy of the mag as ours gotten eaten by the post office, but I have read it online.  Here is the link.

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The Federal Reserve proposed some changes to Regulation D this week that will be of interest to those reclassifying their deposits.  While the proposed rule changes do make a few tweaks, I will only focus on those relevant to Deposit Reclassification.
The Fed is actually trying to make life a little easier for FI’s by changing [...]

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In doing industry research about CU’s need for Deposit Reclassification, I’ve stumbled upon some interesting statistics.
CU’s with more than $40M in checking accounts are the target market for Deposit Reclassification.  If all of them were to reclassify their deposits, the average CU with more than $40M in checking would make $352K a year.  Some of [...]

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