PLANO, Texas (7/5/12)--Catalyst Corporate FCU completed its consolidation with
Western Bridge Corporate last weekend. The conversion has been underway since early this year.
During the weekend, Catalyst Corporate's final conversion activities included transferring core items, billing, wire services and Internet connectivity.
"Each phase of this very complex conversion process has gone smoothly," said Catalyst Corporate President/CEO Kathy Garner. She said 315 Western Bridge members made the transition as capitalizing members.
Credit unions transitioned services such as automated clearinghouse (ACH), remote deposit and check processing. Catalyst Corporate's daily check processing volume jumped from 420,000 items a day in April to nearly 700,000 items daily in June, including one day with more than 1.2 million checks processed. Catalyst also has converted 57 credit unions to its ACH origination service, 135 to its ACH receipt service, and 81 credit unions with nearly 4,000 securities onto its new safekeeping system.