Working with cooperatives and community organizations, we know that you want to ensure the safety of your investment funds.  Through CDARS (Certificate of Deposit Account Registry Service) or ICS (Insured Cash Sweep), you can receive multi-million dollars in FDIC protection through NCB. CDARS and ICS can be valuable cash management or longer-term investment tools for your Organization.*

How does CDARS/ICS work? 

NCB is a member of a special network.  When you place a large amount with us, we place your funds into certificates of deposit (CDs) or money market deposit accounts (MMDAs) issued by other banks in the network – in increments of less than $250,000 – so that both your principal and interest are eligible for complete FDIC protection.  With help from a sophisticated matching system, we exchange deposits with other banks that are members of the network.

These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. As a result, we can make the full amount of your deposit available for community lending purposes. 

What else should I know? 

Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements.  This reduces your administrative burden, especially during tax and financial reporting seasons. 

And with CDARS or ICS, you can eliminate the need to monitor changing collateral values – another time saving convenience.  Of course, your confidential account information remains protected. 


* Funds may be submitted for placement only after a depositor enters into the CDARS or ICS Deposit Placement Agreement with NCB. The agreements contain important information and conditions regarding the placement of funds by us. CDARS and ICS are registered service marks of Promontory Interfinancial Network, LLC.