Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Southwest Bridge Corporate offers shopping tool
PLANO, Texas (11/5/10)--A new online tool, called the Resource Analyzer, will help credit unions determine the value of Southwest Bridge Corporate’s products and services, the corporate said. Southwest Corporate was placed into conservatorship by the National Credit Union Administration in September and was re-established as a bridge corporate. A Southwest Bridge Corporate task force was established and will make recommendations on the corporate’s future structure. The Resource Analyzer provides a detailed review of the features and benefits of seven key services: Settlement, Automatic Clearing House (ACH), Funds (Wire) Transfer, Line of Credit, Share Draft Processing, Remote Deposit, and Image Deposit Returns. One important function of the Resource Analyzer is to spotlight benefits that may be hard to find elsewhere, said the corporate (e-FACTS Nov. 2). Each service module categorizes questions and answers in a hide-and-reveal format under broad headings: General Considerations, Features, Implementation, Training, Service and Pricing. The Resource Analyzer is designed to give credit unions the ability to cut and paste the questions directly into a request-for-proposal (RFP) document. The corporate’s Resource Analyzer addresses several topics:
* The corporate’s providing an automatic advance from member credit union lines of credit to cover daylight overdrafts on settlement accounts; and * Its maintaining a Fedline Advantage connection on behalf of its members, saving individual credit unions the time and expense of dealing directly with the Federal Reserve.
For more information, use the link.
Other Resources

RSS print
News Now LiveWire
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
15 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
16 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
16 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
16 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
16 hours ago