fi-linx offers two credit union technology services: Deposit Reclassification and Check Checker.
Deposit Reclassification, the primary service provided by fi-linx, provides an automated method for credit unions to reclassify their deposit accounts to significantly lower their Federal Reserve balance. This is done by splitting each transaction account into a checking subaccount (which carries a reserve requirement) and a savings subaccount (which does not carry a reserve requirement), a process allowed by the Federal Reserve Bank in 1993. The service has been reported to have saved Maps Credit Union $145,000 per year and it is estimated that $154 million could be saved industry-wide if every credit union were to use the service. Check Checker is a form of check fraud deterrent software that uses real-time validation to check the routing number of a check with the Federal Reserve, as well as checking fraud alerts from the National Credit Union Administration and Federal Deposit Insurance Corporation.