More coverage.
More protection.
More peace of mind.
Secure your large deposits with access to multi-million-dollar FDIC insurance.
What is IntraFi® Network Deposits℠?
IntraFi® Network Deposits℠, formerly known as ICS® and CDARS®, is the simple, secure way to protect your association’s large deposits under one roof. Plus, with demand deposit account (DDA), money market deposit account (MMDA) and certificate of deposit (CD) options, you’ll earn interest while keeping your funds both liquid and secured.1
How it works.

Make a deposit.
Deposits placed through IntraFi® Network Deposits℠ are divided into amounts under the standard FDIC insurance maximum of $250,000.

Diversify your money.
The amounts are then placed in demand deposit accounts using the demand option, money market deposit accounts using the savings option, or in CDs using the CD option.

Protect your funds.
Your association's funds are eligible for FDIC insurance while on deposit at FDIC-insured depository institutions.
With IntraFi® Network Deposits℠ you won’t need a plan B.

Get more
protection.
Breathe easier knowing your funds are eligible for multi-million-dollar FDIC insurance1 backed by the United States government with IntraFi® Network Deposits.℠ Gain peace of mind with the smart, secure, convenient way to safeguard your large deposits.
Manage time
and money.
Enjoy the flexibility to manage your cash flow based on your association’s individual liquidity needs. Plus, your accounts are managed by Popular Association Banking so you’ll enjoy the ease and convenience of working directly with one bank.

Earn a rewarding
return.
Put excess cash to good use and earn interest at a rate set by Popular Association Banking, and avoid the risks associated with prime money market mutual funds (MMMFs).

Build communities
together.
Take comfort in knowing your deposits can be used to help fund lending opportunities in your local community and underserved neighborhoods.2
More choices.
Take advantage of multiple liquidity options that help you stay in control of your deposits. Enjoy easy access to funds placed into demand deposit accounts and money market deposit accounts, or choose from a variety of CD maturity dates between 4 weeks and 3 years.
More peace of mind.
Have peace of mind knowing that you will receive detailed reporting provided by Popular Association Banking so you will know where your funds are every step of the way.
More security in fluctuating markets.
It’s smart to keep your cash secure in uncertain economic times. Your funds are eligible for excess FDIC insurance and won’t be impacted by floating net asset values that can lead to loss of principal and reduced returns.
More trust.
You’re in good company with many other large depositors including businesses, nonprofits, government entities, fiduciaries, individuals and seasoned investors who trust IntraFi® Network Deposits℠ with billions of their dollars.
Loan Inquiries
PABLoanSupport@popular.com
Tel: (800) 233-7164
Deposit Inquiries
PBCondoDepositOps@popular.com
Tel: (800) 531-3573
Lockbox inquires
PBCondoLockbox@popular.com
Tel: (786) 953-1369
Popular Association Banking
7920 Miami Lakes Drive West
Miami Lakes, FL 33016
Molly Hime
SVP, Division Manager
Tel: (786) 953-1268
John Marcelin
National Commercial Banking
Team Leader
Tel: (786) 953-1105
Rebecca Prieto
South Florida Commercial
Relationship Officer, South Florida
Team Leader
Tel: (786) 953-1221
Kenneth Vasquez
South Florida Commercial
Relationship Officer
Tel: (786) 953-1142
Jane Bracken, PCAM
Palm Beach County Florida
Commercial Relationship Officer
Tel: (954) 907-1010
Cliff Tufts
West Coast Florida Commercial
Relationship Officer, National
Lockbox Sales Officer
Tel: (813) 310-7507
David Shahrabani
Northeast and Mid-Atlantic
Commercial Relationship Officer
Tel: (973) 783-0014
Kelly Doherty Mucci, CMCA
Southeast (NC, SC, GA)
Commercial Relationship Officer
Tel: (910) 547-4248
Larry Hooper
Southern California
Commercial Relationship Officer
Tel: (714) 864-5171
Grant Shetron, CMCA, AMS, PCAM
Northern California
Commercial Relationship Officer
Tel: (510) 406-3198
Charles H. Dozer
Midwest (OH, Ml, IN, KY, TN, IA)
Commercial Relationship Officer
Tel: (614) 774-9020
Martin Klauber
Midwest (IL, NC, SC, WI, MO, MN)
Commercial Relationship Officer
Tel: (847) 322-3149
Kenneth L. Staley
Southwest and Midwest (MI, AZ)
Commercial Relationship Officer
Tel: (615) 477-1480
Why choose Popular Association Banking?
Our reputation
We have earned our reputation by meeting the special, and often complex needs of our community association clients.
Our knowledge
We are devoted exclusively to managing financial requests from associations, and have extensive hands-on experience.
Our commitment
We believe a superior customer experience begins with a shared set of values that must shine through at every point of contact.
Additional products and services.
Lending
solutions
We make the process easy with a minimal amount of hassle, paperwork, and a quick turn around time.
Deposit
products
We have deposit accounts specifically geared towards community associations. Get the most for your money.
Lockbox
services
Our automated lockbox service raises the standards and puts every aspect of the lockbox process in your control.
Online
banking
Our online banking service offers robust information reporting and payments modules.
1 Placement of funds through IntraFi®Network Deposits℠ is subject to the terms, conditions, and disclosures in the program agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. Program withdrawals may be limited to six per month for funds placed in MMDAs. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before settlement for a deposit or after settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of IntraFi Network Deposits℠ satisfies those restrictions. Network Deposits is a service mark, and IntraFi, ICS and CDARS are registered service marks, of IntraFi Network LLC.
2 When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the Network, the full amount of the deposit placed through CDARS can be used for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, a Network member may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.