Opening an Extended Insurance Account with USC Credit Union is simple and secure. Just fill out the extended insurance form below to get started!

ModernFi is a network of credit unions that USC Credit Union partners with to help protect larger deposit balances. Through this network, funds can be distributed across participating credit unions to provide access to extended NCUA share insurance coverage.

Imagine you have $1 million you’d like to both protect and put to work earning interest. With USC Credit Union’s insured Business Money Market Account, you can deposit the entire amount into your primary account with us. Behind the scenes, those funds are automatically divided into smaller portions and placed in demand deposit accounts across our network of partner credit unions.

For example:

• $250,000 stays with USC Credit Union
• $250,000 is placed with Credit Union 2
• $250,000 is placed with Credit Union 3
• $250,000 is placed with Credit Union 4

Each portion remains fully within NCUA insurance limits, up to $250,000 per credit union, per member. Through this structure, your entire $1 million is protected, without the hassle of managing multiple accounts.

Even better, you’ll enjoy:

• One simple statement that consolidates all your balances and activity
• Seamless access to your funds through your USC Credit Union account
• A competitive rate, designed to maximize the growth of your substantial cash reserves

With USC Credit Union, you get the peace of mind of expanded protection, up to $15 million*, alongside the convenience and care you expect from your trusted financial partner.

Manage your account just like any other transaction account. Deposit, withdraw, or transfer funds whenever you need through our secure Member Portal. Behind the scenes, USC Credit Union and our trusted partner network handle the allocation, ensuring your funds are safely distributed across insured accounts while remaining fully accessible to you.

At USC Credit Union, your deposits are backed by the strength of the National Credit Union Administration (NCUA). Our extended insurance solutions provide coverage up to $15 million*, going beyond the basics, designed for business leaders and discerning members who want comprehensive protection for today and peace of mind for tomorrow.

This protection remains in place even in the unlikely event that a participating credit union fails. Since the NCUA Share Insurance Fund was created in 1970, no member has ever lost a single penny of insured funds. Coverage applies dollar-for-dollar, including both your principal and any interest earned.

If a partner credit union were ever to close, the NCUA would step in to manage the process, settle deposit claims, and return insured funds, typically within just a few business days. USC Credit Union, together with our network partners, coordinates directly with the NCUA to ensure your funds are quickly and securely returned.

At USC Credit Union, we partner with ModernFi to ensure your deposits are always placed with credit unions that meet the highest standards of safety and compliance. Every partner credit union is:

• In good standing with federal and state regulators
• Fully compliant with Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements
• NCUA-insured and based in the United States

USC Credit Union maintains full control over which credit unions may receive your funds, and you’ll always have complete transparency into how your money is allocated. That means peace of mind knowing your deposits are safe, compliant, and working for you, every step of the way