Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Corporate One Alloya to offer Fundtechs ACH platform
COLUMBUS, Ohio and WARRENVILLE, Ill. (2/14/12)--Corporate One FCU, Columbus, Ohio, and Alloya Corporate FCU, Warrenville, Ill., will offer automated clearinghouse (ACH) transactions using Fundtech's platforms.

Both corporates said Fundtech's platform offers enhancements and pricing that is more favorable to their members.

"Price reductions will be most significant in one of the most fertile areas for credit unions growth--ACH for select-employee groups and small businesses," said Lee Butke, Corporate One's president/CEO.  "This is an area where credit unions can really see sizeable growth."

Also at both credit unions, Fundtech's platform replaces the APEX-ACH platform that was offered through U.S. Central FCU, the now-defunct wholesale provider of financial services to the corporate network.

"Our new ACH products provide a great framework to assist our members in moving off U.S. Central's platforms," said Kevin Brauer, Alloya senior vice president of member relations. "It also delivers an alternative for other credit unions seeking to change from their current providers."

Corporate One expects to have its members transitioned to the new platform by June 30.

Alloya said it expects to begin converting members in early summer.


RSS print
News Now LiveWire
How FICO 9 could change #creditunion lending from @FAACreditUnion via @Cornerstone_CUL http://t.co/CO4l8LRrpR
16 minutes ago
.@FORUMTalk awards BrightStart award to young entrepreneur with good biz sense, community service http://t.co/H7w4TSzAru
28 minutes ago
#NewsNow: @SecretaryCastro, @HUDgov secretary, seeks improved quality assurance for FHA program. http://t.co/lCNYSFiW8s
52 minutes ago
#NewsNow: 21 CUs recieve more than $27M as part of CDFI Fund's FY2014 awards. http://t.co/2oZHLNqUTY
1 hours ago
Read @CUNA 's #NewsNow on @TheNCUA 's McWatters' top action priorities: http://t.co/nyHEsWvvWm
1 hours ago