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Southwest Corporate offers remote deposit program to 350th CU
FARMERS BRANCH, Texas (2/18/08)--Southwest Corporate has signed a 350th credit union--Odessa ECU--to its remote deposit program. With the program, a scanner captures check images at the credit union, ATM, or credit union member’s business. The images are transmitted to a central processing facility. The remote deposit software instantly verifies image quality, balances the transactions and sends the check images to Southwest Corporate, where they are archived for online member access (LoneStar Leaguer Feb. 14). Check imaging eliminates the time and money spent on encoding checks, said Southwest Corporate. “Lots of credit unions are now saving lots of money by processing checks electronically,” said Jody Beck, Southwest Corporate senior vice president of operations. “Remote deposit services is a product that has essentially doubled during the past year. And I think it is important to point out that this is a service that didn’t even exist three to four years ago.” Odessa has $8.3 million in assets.


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