Lefomi is an independent information site for people in the United States who want to understand their bank, credit union, app or brokerage account. It is run by the Lefomi team and published by Grid Pulsar. The site shows where money sits and how it compares. It is not a bank, not a rating agency and not financial advice. It never tells a reader what to do with their money.
The site covers every FDIC insured bank and NCUA insured credit union in the United States. Each institution page shows its risk ratios, a percentile comparison against similar sized peers, a score from zero to one hundred and a letter from A to F. An A grade means a score of 80 or above, a B is 50 to 79.9, a C is 20 to 49.9, a D is 5 to 19.9 and an F is below 5. An F grade means the institution is among the lowest 5 percent of its peers on these metrics. The grade is a relative comparison of public filings for one quarter, not a prediction of anything.
The data comes from the FDIC, the NCUA and the apps and brokers themselves. The FDIC and NCUA data are works of the United States government and are in the public domain. The site computes its ratios, percentiles and grades directly from that public data with no judgement calls. No institution pays for a grade or a listing.
The site earns money through ads served by Google AdSense, which Google's systems choose and place, and through affiliate links. Affiliate links are marked as such and stay switched off until each programme approves the site. No bank, credit union, app or broker pays to be graded, to change a grade or to be listed.
The text on the site is checked by an automated gate before publication. Every sentence is grounded in a single source document and a facts sheet. Any text that fails the gate is not published. Numbers on institution pages are filled from a database into fixed templates.
A reader can see whether a fintech app is itself a bank and which partner banks hold customer money. They can see how deposit insurance reaches the customer. The site states that FDIC or NCUA insurance covers up to $250,000 per depositor, per insured bank or credit union, per ownership category. A coverage calculator shows where two apps share the same partner bank.
Cash pages show the interest rate paid on uninvested cash at brokers and fintech accounts. Each rate is shown with the date it was observed on the provider's own public page. A calculator shows how much interest a balance forgoes at a lower rate.
To report an error in data or text, email the Lefomi team at [email protected].