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13 CUs sign up for alternative corporate service
BISMARCK, N.D. (12/30/10)--Thirteen credit unions have committed to ProDraft Services Inc.’s corporate credit union alternative system--which requires no capital commitment from user credit unions. ProDraft was developed to provide services to credit unions that do not want to re-capitalize corporate credit unions, but who still want to be part of a credit union system. The service provides an alternative with little change in a credit union’s internal operations and at costs similar to those of corporate credit unions, ProDraft said in a press release. The service leverages ProDraft’s relationship with Fifth Third Bank. ProDraft Services Inc. is a credit union service organization owned by 38 credit unions that provides item processing, remote branch capture and correspondent service solutions. The company was formed as a credit union service organization in April 2009, but has been providing services to credit unions since 1985, first as part of the North Dakota Credit Union League Service Corp. and then as a division of Midwest Corporate FCU.


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