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VolCorps Branch Capture program grew in 2008
NASHVILLE, Tenn. (1/9/09)--VolCorp’s Branch Capture program grew “tremendously,” with 117 installations in 2008, the company said Wednesday. VolCorp also increased its item processing volume by 31%. Out of the 13.2 million checks VolCorp received for collection from Jan. 1, 2008, through Dec. 31, 2008, roughly 8.6 million were received as images. As of December, VolCorp was receiving 80% of member deposits as images. VolCorp scans all paper checks from member credit unions and submits them electronically. VolCorp, a corporate credit union in Nashville, Tenn., serves 266 credit unions and has $1 billion in assets.


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