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CU System
Southwest Bridge Corporate offers shopping tool
PLANO, Texas (11/5/10)--A new online tool, called the Resource Analyzer, will help credit unions determine the value of Southwest Bridge Corporate’s products and services, the corporate said. Southwest Corporate was placed into conservatorship by the National Credit Union Administration in September and was re-established as a bridge corporate. A Southwest Bridge Corporate task force was established and will make recommendations on the corporate’s future structure. The Resource Analyzer provides a detailed review of the features and benefits of seven key services: Settlement, Automatic Clearing House (ACH), Funds (Wire) Transfer, Line of Credit, Share Draft Processing, Remote Deposit, and Image Deposit Returns. One important function of the Resource Analyzer is to spotlight benefits that may be hard to find elsewhere, said the corporate (e-FACTS Nov. 2). Each service module categorizes questions and answers in a hide-and-reveal format under broad headings: General Considerations, Features, Implementation, Training, Service and Pricing. The Resource Analyzer is designed to give credit unions the ability to cut and paste the questions directly into a request-for-proposal (RFP) document. The corporate’s Resource Analyzer addresses several topics:
* The corporate’s providing an automatic advance from member credit union lines of credit to cover daylight overdrafts on settlement accounts; and * Its maintaining a Fedline Advantage connection on behalf of its members, saving individual credit unions the time and expense of dealing directly with the Federal Reserve.
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