Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Corporate One Alloya to offer Fundtechs ACH platform
COLUMBUS, Ohio and WARRENVILLE, Ill. (2/14/12)--Corporate One FCU, Columbus, Ohio, and Alloya Corporate FCU, Warrenville, Ill., will offer automated clearinghouse (ACH) transactions using Fundtech's platforms.

Both corporates said Fundtech's platform offers enhancements and pricing that is more favorable to their members.

"Price reductions will be most significant in one of the most fertile areas for credit unions growth--ACH for select-employee groups and small businesses," said Lee Butke, Corporate One's president/CEO.  "This is an area where credit unions can really see sizeable growth."

Also at both credit unions, Fundtech's platform replaces the APEX-ACH platform that was offered through U.S. Central FCU, the now-defunct wholesale provider of financial services to the corporate network.

"Our new ACH products provide a great framework to assist our members in moving off U.S. Central's platforms," said Kevin Brauer, Alloya senior vice president of member relations. "It also delivers an alternative for other credit unions seeking to change from their current providers."

Corporate One expects to have its members transitioned to the new platform by June 30.

Alloya said it expects to begin converting members in early summer.


RSS





print
News Now LiveWire
Better economic & #CU conditions,leading to higher rates in '15,'16, will boost CU earnings, asset quality,capital http://t.co/rmJvi3MIpQ
1 hour ago
RT @CUNA: Today is the first day of #CUYouthMonth How is your #creditunion celebrating?
5 hours ago
New @FICO score metric expected this week, will include utility payments http://t.co/l0hGhilMqQ
6 hours ago
.@TheNCUA increased supplier diversity in 2014 by 49%, although NCUA’s workforce diversity levels declined slightly.
6 hours ago
Also from FFIEC today, council announces reappointments of Mary Hughes and Lauren Kingry to its State Liaison Committee. 2of2
6 hours ago