News & Announcements

CACU Live with Digital Banking Platform

Posted on February 27, 2018

ATLANTA, Feb. 26, 2018 – Corporate America Credit Union, a not-for-profit financial cooperative serving credit unions throughout the U.S., is now live with Arya, an intelligent, open architecture digital services platform created by the founders of VSoft Corporation.

In order to complement VSoft’s core processing platform, CoreSoft, Corporate America Credit Union (CACU) is leveraging Arya’s flexible multi-tenant, multi-tiered platform to provide its nearly 500 member credit unions access to effectively manage, edit, and update member accounts. Arya delivers a consistent, intuitive interface, ensuring a positive user experience even for credit union employees. 

Launched in 2017, Arya consolidates multiple products, including online banking, mobile banking and mobile deposit applications, into one platform for both consumers and businesses. By streamlining multiple banking channels under a single access point, Arya provides a seamless user experience while providing financial institutions a single access point to view data. Additionally, the platform is designed to not only adapt to changing technology but also adapt to changing business objectives and business needs of financial institutions. 

“By further expanding our relationship with VSoft, our member credit unions are able to benefit from a seamless user experience with Arya,” said Lisa Coffey of Corporate America Credit Union. “The flexibility that Arya provides has allowed us to tailor the solution to really fit our needs.”

“We designed Arya with configurability in mind, which allows the solution to be tailored for distinct use cases, including at corporate financial institutions like Corporate America Credit Union,” said Murthy Veeraghanta, chairman and CEO of VSoft. “With customizable branding and the ability to easily integrate new products and services from both VSoft and third parties across the application, Arya can scale and adapt to Corporate America’s evolving needs without disrupting its users. By leveraging Arya, the credit union has laid a strong foundation for its continued growth and success.”


About Corporate America
Founded in 1982 and based in Irondale, Alabama, Corporate America Credit Union is a dedicated, not-for-profit financial cooperative governed by a board of directors elected from and by our member-owner credit unions. Corporate America serves nearly 500 credit unions across the nation and seeks to add value to member credit unions by providing access to a comprehensive list of products and services including investments, liquidity solutions, and correspondent services such as ACH, item processing, and remote deposit capture. Our priority is serving the needs of our member-owners to help ensure their future success. For more information, call (800) 292-6242 or visit www.corpam.org.

About Arya
Arya, powered by VSoft Corporation, is an intelligent, open architecture digital services platform for both retail and commercial accountholders that streamlines all channels under a single access point for a truly integrated banking experience.  Account holders use one system for both business and consumer banking activities, with access to a variety of cash management services, all while logged into the same system. Unlike other platforms, check capture is native to the system to provide significant cost savings with no integration required. Arya uses standard real-time and file-based APIs to integrate into all core banking platforms. Built with the latest Angular technology, the platform provides a consistent user experience. Arya is one of the most feature-rich and flexible systems on the market today with a low total cost of ownership. For more information, please visit www.AryaBanking.com, or follow the company on Twitter at @AryaBanking or on LinkedIn.
  ###

CACU Chief Operations Officer Appointed to NACHA Risk Group

Posted on January 25, 2018

Irondale, AL (January 8, 2018) - Lisa Coffey,  Chief Operations Officer of Corporate America Credit Union, has been appointed to the National Automated Clearing House Association (NACHA) Risk Management Advisory Group (RMAG).  This prestigious nomination and appointment is a testament to her knowledge and expertise in ACH rules and issues.  The RMAG focuses on sound business practices and developing rules to protect the ACH Network. 

Coffey has been with CACU for eight years and has worked in various roles in the corporate credit union industry for the last 30 years.  Currently she is responsible for the operations and electronic payments of the corporate, which serves nearly 500 member credit unions nationally.  “It is an incredible honor to be chosen to work as a part of NACHA’s Risk Management Advisory Group alongside such amazing payments industry professionals,” Coffey said.  “I look forward to collaborating with a team continuously committed to ensuring the strength and stability of the ACH Network and improving the quality of ACH payments.”

"We are pleased to welcome Lisa as a member of NACHA's Risk Management Advisory Group," said Peter C. Hohenstein, Senior Director, ACH Network Administration at NACHA and RMAG staff lead. "RMAG continually seeks to assess risks and make recommendations on tools, resources and policies to mitigate those risks for all ACH Network participants. Lisa's extensive knowledge and background in the payments sector and current experiences as Chief Operations Officer of CACU will be invaluable as RMAG continues to ensure it's supporting the needs of not only its largest stakeholders but smaller ones, such as credit unions, as well.”

CACU Member Achieva CU Signs with LoanStreet Inc.

Posted on August 14, 2017

LoanStreet Inc., the leading loan participation platform, welcomes Florida-­‐based, and proud board member of Corporate America Credit Union, Achieva Credit Union to its platform. “We're very excited to be working with LoanStreet,” said Cathy Marzetta, ACU Finance. “We've been doing loan participations for many years and LoanStreet is by far the best product we've seen in the space.”

Achieva is using LoanStreet to manage its entire loan participation portfolio of roughly $75 million. What would have been a significant amount of work every month, extracting data from their Core, running various calculations, tracking values and analyses month over month, and then distributing the information to participants, has become a single, simple data drop to LoanStreet. Each month, LoanStreet automatically calculates and produces the most accurate and comprehensive reports, and distributes them to Achieva’s participants. The risk of manual processing errors is eliminated and the headache of administration is gone.

“The reports are clear, concise and very detailed. The tools are easy to use. The team is hard working, responsive and genuinely cares about our feedback. We really feel like we have a partner in LoanStreet,” said Marzetta.

“We're thrilled to have Achieva as part of our credit union network,” said Ian Lampl, CEO of LoanStreet. “Achieva is a sophisticated organization that understands the value of harnessing technology to manage their business processes more efficiently. We look forward to working with them and Corporate America on other products as we continue to evolve and develop our platform.”

Pete Pritts, CEO of Corporate America added, “At Corporate America, we are constantly trying to source the most innovative solutions for our members.  LoanStreet is truly a world-­‐class platform that has really revolutionized the loan participation space. We're proud that Achieva, like so many of our other members, big and small, who've joined LoanStreet, are thriving from the experience.”

About Achieva CU

Achieva Credit Union was founded in 1937 in Pinellas County. Today, it is rated a Superior 5-­‐Star credit union by Bauer Financial and has more than $1.4 billion in assets and 24 branches serving more than 140,000 members. Anyone who lives or works in Charlotte, Collier, DeSoto, Hernando, Hillsborough, Lee, Manatee, Pasco, Pinellas, and Sarasota Counties, or whose family member has an Achieva Credit Union account can bank with Achieva. For more information about Achieva, visit www.achievacu.com.

About LoanStreet Inc.

LoanStreet Inc. (LoanStreet) is an innovative loan participation platform that enables institutions of all sizes to cost-­‐effectively participate loans in a regulatory-­‐compliant manner.  LoanStreet was co-­‐founded by  Ian  Lampl,  former  Deputy  Chief  Counsel  for  TARP,  following  the  financial  crisis  to  meet  the  acute need he saw for a standardized and automated loan participation platform. For more information or to join the LoanStreet network, please visit www.loan-­‐street.com or email:  info@loan-­‐street.com.

About Corporate America Credit Union

Founded in 1982 and based in Irondale, Alabama, Corporate America Credit Union is a dedicated, not-­‐ for-­‐profit financial cooperative with nearly 500 member credit unions.  Corporate America provides a variety of correspondent programs, including ACH, item processing, remote deposit capture, credit and liquidity and ALM services. Corporate America also provides programs for card services and e-­‐commerce solutions that members can offer to their membership.  For more information, call (800) 292-­‐6242 or visit  www.corpam.org.

Corporate America Adds New Board/Supervisory Members

Posted on May 8, 2017

Nancy Kline, President/CEO of Fire Police City County Federal Credit Union in Ft. Wayne, Indiana, moves from the Supervisory Committee to the Board of Directors.  Kline served on the Supervisory Committee for two years.    Michael Miller, President/CEO of IBM Southeast Employees Credit Union in Delray Beach, Florida, is the newest member of the Supervisory Committee.  CACU President/CEO Pete Pritts says having such seasoned executives is a definite win for the institution.  "We continue adding expertise to our talented group of volunteers.  We welcome Mike and Nancy to their new roles and look forward to their contributions making CACU better for credit unions!"

Board of Directors:
Chairman – Brad Long, First Florida Credit Union
1st Vice Chairman – Gary Fairley, Jackson Area Federal Credit Union
2nd Vice Chairman – Tangela Souders, Wiregrass Federal Credit Union
Secretary/Treasurer – Joey Hand, eCO Credit Union
Jane Boysen – Alabama Rural Electric Credit Union
George Glasser – Memorial Employees Federal Credit Union
Heath Harrell – Guardian Credit Union
Joyce Harrison – Mobile Postal Employees Credit Union
Monte Hill – Family Savings Credit Union
Dennis Holthaus – Achieva Credit Union
Mark Johnson – Naheola Credit Union
Nancy Kline – Fire Police City County Federal Credit Union
Blane Mink – APCO Employees Credit Union
Steve Nix – AlaTrust Credit Union

Supervisory Committee:
Chairman – Doug Key, Mutual Savings Credit Union
Karen DeLuca – America’s First Federal Credit Union
Michael Miller – IBM Southeast Employees Credit Union

Corporate America held its Annual Meeting and Conference April 24-26 in Sandestin, Florida.

Corporate America Donates to NCUF/BizKid$

Posted on May 5, 2017

"The initiatives and efforts of the NCUF under Gigi Hyland’s leadership are commendable.  We selected Biz Kid$ as a recipient of our donation knowing that in many schools around the nation, financial literacy is not a priority,” said CACU President/CEO Pete Pritts.  Pritts said CACU plans to continue to support the NCUF in many ways going forward. 

The National Credit Union Foundation serves as the charitable arm of America’s Credit Union movement, aiding people in achieving financial freedom.  The Foundation believes every consumer should have the proper education, tools and resources needed to strengthen financial well-being. One of their programs, Biz Kid$, teaches the younger generation about money and business, empowering them to develop life skills for the future.  Biz Kid$ includes an Emmy award winning television series, free classroom curriculum, outreach activities and a website for further learning.