NEFCU is now Jovia Financial Credit Union! Although we've changed our name, our commitment to you remains the same. Start banking on the bright side with Jovia today. Learn More

Professional Service Accounts

Special accounts for specific situations

Jovia offers customized services for law offices and property management professionals, including Escrow, IOLA, Tenant Security, and Zero Balance Accounts—all with no monthly maintenance fees.

Jovia special account services include:

Escrow

Our Escrow options enable your business to hold funds in safekeeping pending the completion of a contract, transaction, or other obligation, such as for the use of real estate transactions. Escrow Accounts also encompass IOLAs, Tenant Security, and funeral parlor accounts.

Interest on Lawyers Accounts (IOLA)

Jovia is proud to be a Gold Partner with the NY State IOLA Fund. The IOLA program was created to increase access to legal services. The interest from lawyer trust accounts is pooled by NY State to provide civil legal aid to the poor and support improvements to the justice system. If you are an attorney looking for the right IOLA option, look no further!

Tenant Security Accounts (TSA)

Jovia is an active and competitive commercial real estate lender with local underwriters and decision-makers. If you are a residential or commercial landlord, we can offer you our TSAs to hold security deposits for each of your tenants, providing you the convenience to do all your banking in one place.

Zero Balance Accounts (ZBAs)

Jovia’s ZBA is a checking account in which a balance of zero is maintained. Funds to cover presented checks will be automatically transferred from your ‘master’ account. ZBAs are often referred to as "Sweep" accounts. NEFCU offers this service to help you protect your operating account and provide easier accounting for your business.