Acquiring Funds

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.

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 that are competitive with the highest rates in the whole country. Many of the banks on these systems are not financially sound and are desperate to bring in money at any cost. This means that in order to compete you may need to pay rates 25 to 50 basis points higher than necessary. Once your name is broadcast all over the country on these services you can get inundated by phone calls for weeks after your needs are met, and you may not be attracting the types of accounts you want.

When you work with GEM you have an experienced account executive that you can trust to help you bring in exactly the amount of money you need from the types of accounts you want. You will receive all of the complete information you need to setup a new account, we can 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. When you call GEM you get a live person every time.