Earn More For Your Union Local

Union Local Frequently Asked Questions

Earn more interest on your cash by partnering with ADM. Download this FAQ PDF to answer some of the most common Union Local questions. Gain insight into ADM’s product offering and how we can help secure better rates and full FDIC/NCUA protection for your cash.

This is Marketplace Banking

The days of sacrificing rates for safety are over – Marketplace Banking™ gives you both. Until recently, Unions were limited to local options and local rates. Using proprietary Financial Technology (FinTech), ADM has the ability to access Financial Institutions nationwide to secure the most competitive rates. Marketplace Banking™ provides:

Reserve Certificate Program

The CD Reserve Certificate Program is exclusively for our clients. Opening an account for your union local/chapter will unlock these exclusive rates, allowing you to maximize the interest earned to spend when it is needed. With ADM’s Marketplace Banking™, your chapter gains access to unlimited deposit protection and premium rates from Financial Institutions across the country. How can ADM help your Union? Check out our latest insights article here.

Below is a current snapshot of the CD rates.

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Let’s discuss how you can take advantage of Marketplace Banking™.

*The list above does not show all rates and terms available. Please contact our client services team to learn about other options. 1Actual ADM network bank rates as of 06/2/2023. Clients’ ability to obtain highest rates may be subject to restrictions and limitations. Rates and availability subject to change. Maximum deposit of $245,000 per placement. Exclusions may apply. Gross rates do not reflect CD placement fee.

You may be subject to an early withdrawal penalty assessed by the financial institution. If the financial institution consents to the request for withdrawal, you agree to pay the penalty determined by the financial institution. You also acknowledge that the penalty is separate from any fees charged by ADM in connection with the placement of the CD and the penalty may decrease your principal balance depending on the terms and conditions of the account.

Money market accounts and Certificates of Deposit satisfy the Federal Deposit Insurance Corporation’s (FDIC)’s and National Credit Union Association’s (NCUA) requirements for agency pass-through deposit insurance coverage. Program and custodial banks are not affiliated with ADM and are not responsible for, and do not guarantee the products, services or performance of third-party providers. ADM is not a member of the FDIC or NCUA, but the banks and credit unions where your money is deposited are FDIC and NCUA members.