Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
City Shifts Payment Processing To CU
MONROE, Mich. (4/23/13)--Monroe County Community CU in Monroe, Mich., has received a $35,000 contract from the city to perform the city's payments processing functions.

That means people paying bills such as water bills, parking tickets, recreation program fees and other payments--whether by mail, in person or electronically--will be directed to the credit union's branch in City Hall, instead of the nearby city clerk-treasurer's office (Monroe News April 20).

The city said it could save up to $15,000 a year by having the credit union perform the function. MCCCU will process the funds, credit them through the city computer network and deposit them into the city's account at Fifth Third Bank.

The arrangement was created after a cashier moved from the treasurer/clerk's office to a vacant position in he city's building department.  Under the one year contract, the credit union receives 50 cents for each payment it processes. The city typically processes up to 70,000 payments during a year.


RSS





print
News Now LiveWire
#Maine #creditunion membership growth continues record pace http://t.co/yFRur4TQ0x
3 hours ago
.@TheNCUA closes N.Dade Community Development FCU,Miami Gardens, Fla. determining CU violated some charter provisions,bylaws & fed. rules.
4 hours ago
Why a #creditunion can be a good fit for #smallbiz http://t.co/l7Df9b8vQZ @fundbox
6 hours ago
Who's most adept at saving these days? The middle class, says @Bankrate http://t.co/zVi7typdVU
7 hours ago
.@OregonCCU donates $20K in Sprint program monies to @CMNHospitals @CU4Kids via @NWCUA http://t.co/0wTAH5NTNI
7 hours ago