Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
ICUL Service Corp. Members United combine check processing
WARRENVILLE, Ill. (12/13/07)--ICUL Service Corp. and Members United Corporate FCU have consolidated their check-processing programs, effective Monday. The combined program is owned and operated by Members United. The service corporation had provided share draft item-processing services to Illinois credit unions as Service Corp. Item Processing (SCIP). SCIP served about 175 credit unions in the Seventh Fed District (Chicago). Eighth Fed District (St. Louis) credit unions are not affected by the consolidation. "The primary reason for this consolidation was to provide the highest possible value to member credit unions for their share draft processing needs," said David Preter, president of Members United. "It's an economies-of-scale business, and our combined large scale helps us keep costs down. This allows credit unions to continue to offer a competitive share draft product to their members," Preter said. Members United, headquartered in Warrenville, Ill., is a $12.7 billion asset corporate that serves nearly 2,300 credit unions nationwide.


RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
20 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
21 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
23 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
1 Day ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
1 Day ago