If you are a bank or credit union looking for help bringing in deposits, there is no better choice than to call GEM.  We offer issuers several types of funding services and you can use the one that suits your needs: 

DIRECT PLACEMENTS are deposits that are sent directly from our clients who will forward all pertinent setup information to you directly with no third party involvement. 

PREFERRED PLACEMENTS are deposits from GEM’s customer base where we deliver complete paperwork on each client including W-9, corporate resolution, and complete customer and trade information.  We also screen all non exempt clients for OFAC matches.  This saves your staff the time and trouble of contacting the customers directly to gather all this information separately. 

TOTAL COST “NET” DEPOSITS are the absolute lowest cost funds available from the national market for well capitalized banks.  Call one of our account reps to see if this program is right for your bank. 

 If you are considering using one of the national computer networks to bring in money you should be careful of several potential problems.   To attract any attention on that type of system you have to show rates among the top 20 banks in the whole country.  Many of the banks on these systems are on the edge of failure and are desperate to bring in money at any cost.  This means that in order to compete with these banks and attract money from a computer service you will need to pay rates 50 to 75 basis points higher than necessary.  Once your name is broadcast all over the country on these services you will get inundated by phone calls for weeks after your needs are met, and you have no control over what type of accounts will be sent to you.  Another problem is exposing yourself to untold number of unreliable or unscrupulous brokers who will try to pump you with money from all over the country from accounts that may of may not have been screened for OFAC matches or may not be suitable for your bank. 

 When you work with GEM you have an experienced account executive that you can trust to send you exactly the amount of money you need from the types of accounts you want.  We will send you complete information on each new account, confirm all CD wires with you at the end of each day, and work with you at maturity whether you want to offer rollover rates or wire the funds out. Our service is easy and efficient and you always have complete control over the money you bring in.