Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Catalyst Western Bridge Corporates complete consolidation
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.


RSS





print
News Now LiveWire
#NewsNow: @CUNA-CFA survey results suggest 3-3.5% increase in holiday spending. http://t.co/GjcDvvwfzy
12 hours ago
.@WOCCU promoted financial inclusion as a sustainable development goal at two separate @UN events this month.
13 hours ago
Colo. authorities OK first-ever #marijuana-focused CU #NewsNow http://t.co/77qj6O3bcu
13 hours ago
.@Vancity busts some Black Friday retail myths http://t.co/q8Wht3CcRc
14 hours ago
Things get hairy at #creditunions during #Movember http://t.co/Hc6tYRMSY8
15 hours ago