- Reclaim up to 10% of your transactional deposits for reinvestment
- Permanently recover your Federal Reserve Bank balance
- Immediately impact your bottom line in less than 45 days with Deposit Reclassification
Lisa Huyer EVP of Finance
Anticipating a rise in their Federal Reserve balance, NorthCountry Federal Credit Union was proactive in our approach and selected logicpath's Deposit Reclassification. logicpath's staff assisted us by providing all necessary notifications for our Federal Reserve Bank and the exact disclosure language for our members. With our preparation and logicath's team assistance, we experienced no inquiries from our members and the implementation process went very smoothly. Deposit Reclassification was a good first step in our efforts to minimize our low and non-earning assets, as we plan to significantly reduce our cash inventory levels with their help in the near future.