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The Corporate Funds Account is your credit union's primary transaction account. To take advantage of the many correspondent opportunities that Corporate America offers, an eligible credit union must have a Corporate Funds Account. All settlement transactions clear through the Corporate Funds Account.
Corporate Funds Account is an interest-bearing account. Dividends are accrued daily and paid monthly.
The deadline to access this account is 4 p.m. CST for wiring funds and to transfer funds to another Corporate Account. After 4 p.m., any funds in the account are considered committed to the next business day.
For further information regarding this account please contact Corporate America at (205) 313-4300 or (800) 292-6242.
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