Grow Public Deposits at your Credit Union with confidence.
Collateralized Deposit Manager (CDM) is a fully compliant, cost-effective solution for managing public deposits. Stratman’s CDM solution handles all the laborious calculations and time-consuming reporting requirements – freeing your team up for more value-added activities. CDM supports on-balance sheet growth of high-value public deposits in your community and beyond
Here are some of the features our customers boast about:
- Allows you to attract and grow public deposit relationships without the costs of manual processes, compliance risk, private insurance, costly integrations, early cutoff limitations, and more.
- Provides an efficient use of pledged securities. Using fractional interest calculations, CDM is able to allocate portions of securities to collateralize the deposit balances (rather than the entire security). So, you only pledge what is required.
- Completes deposit balance collateralization in minutes using an on-premise file extract that works with every core provider.
- Automatically produce, archive and deliver collateralized deposit confirmations to each public deposit relationship and your state/selected custodian.
- Easily customize each public deposit relationship to comply with state regulations and with each public depositor’s requirements.
- Set your own rates.
Here’s what some of our customers say about CDM:
“What we like most about Collateralized Deposit Manager (CDM) is the ease of sending out monthly Collateralized Deposit Confirmations. Month-end statements are sent to all of our municipalities automatically. Prior to using this program, I was composing e-mails for each entity, attaching their specific statement, and sending each e-mail individually. The CDM solution saves me so much time by automating this monthly task.”
“Stratman’s CDM has made keeping track of our collateralized accounts so much easier. I am able import data directly from a CSV file for securities as well as deposit accounts. We no longer manually track which security is assigned to whom.”
“I have used Stratman Solution’s CDM solution for over 10 years and I couldn’t be happier. The program is user-friendly and easy to navigate. CDM has streamlined our daily processes, saving us a lot of time. CDM has eliminated our spreadsheets and manual tracking. Automated email notifications to our depositors are sent with a push of a button, making communication effortless.”
“My favorite thing about CDM is knowing that you guys are keeping us in compliance. Not worrying about this is huge to me.”
Collateralized Deposit Manager serves: Banks & Credit Unions