This program allows credit unions to deposit members’ share drafts, and any received checks, directly to Corporate America’s clearing account at the Federal Reserve, and then into your Corporate Funds Account.  Credit unions can lose thousands of dollars in interest when banks do not credit their funds promptly.  Your ability to bypass the commercial banking system and deposit funds directly with the Federal Reserve adds up to significant extra earnings for your credit union.  Other benefits include lower per item charges, and Corporate America also handles most adjustments and problem resolutions with the Federal Reserve.

Interested in more costs savings?  Switch to our branch capture program for additional security, increased productivity, error reduction and more.  For more information, please contact Corporate America at (205) 313-4300 or (800) 292-6242 ext.100.