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CU System
SW Corporate Remote deposit trend continues
FARMERS BRANCH, Texas (1/23/09)--Southwest Corporate FCU’s remote deposit services are growing. Last year, the number of participating credit unions jumped 57%, the corporate told the Texas Credit Union League. About 160 new credit unions joined the program, bringing the year-end total for 2008 to 442. Also, 698 credit union branches signed up for the program, raising the total number of branches using remote deposit to 1,773 (LoneStar Leaguer Jan. 22). “Southwest Corporate experienced rapid adoption of our branch and teller applications this year,” said Jody Beck, Southwest Corporate senior vice president of operations. “We expect interest in those products to continue,” she told the league. The transition from paper to imaged item processing is moving at a quick pace, evidenced by the ahead-of-schedule closure of 24 Federal Reserve Bank check processing facilities in just five years, the Texas league said. Southwest Corporate offers remote deposit in 31 states.
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