ICS® and CDARS®
Access Multi-Million-Dollar FDIC Insurance Coverage at participating network banks with ICS® and CDARS®.
Protect your business with access to millions in FDIC deposit insurance coverage and gain peace of mind.
ICS (the IntraFi Cash Service℠) and CDARS (the Certificate of Deposit Account Registry Service®) are the simple, secure way to protect your association’s large deposits while working directly with us. Plus, you can earn interest and enjoy access to funds placed into either CDs using CDARS, or demand deposit accounts and money market deposit accounts using ICS.1
How it works.
Make a deposit.
Deposits placed through ICS and CDARS are divided into amounts under the standard FDIC insurance maximum of $250,000.
Diversify your money.
The amounts are then placed at network banks in demand deposit accounts and money market deposit accounts with ICS, or in CDs with CDARS.
Protect your funds.
Your association's funds are eligible for FDIC insurance while on deposit at FDIC-insured participating network banks.
With ICS® and CDARS® 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. 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.1
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 & 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 When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use ICS® or CDARS® our bank can use the full amount of a deposit placed through ICS® or CDARS® for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.
Deposit placement through CDARS® or ICS® is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS® or ICS® satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds.
IntraFi, ICS®, CDARS® and Certificate of Deposit Account Registry Service are registered service marks, and IntraFi Network Deposits is a service mark of IntraFi Network LLC.