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WesCorp lowers rates 5 on e-check processing
SAN DIMAS, Calif. (6/5/08)--Western Corporate FCU (WesCorp) will reduce member check collection files received electronically by 5% per unit, starting this month. The decrease is based on reduced clearing fees at exchange points where WesCorp participates and lower internal costs for processing work. “As more and more member credit unions embrace the new efficiencies of image processing first envisioned by Check 21 legislation, WesCorp is able to pass on these savings to our members,” said Richard Stanton, WesCorp director of product sales support. The corporate expects further price decreases before the end of the year, he added. WesCorp has $31 billion in assets and serves more than 1,000 credit unions in the U.S. and Guam.


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