Bluepoint Offers Alternative For WesCorp CUs
VISTA, Calif. – Bluepoint Solutions has announced a plan it says provides an alternative for check capture and item processing to credit unions that would be affected by the liquidation of Western Bridge Corporate in the event the planned successor corporate, United Resources, does not come to fruition.
The program provides credit unions with the option of moving their item processing in-house or to another corporate credit union or CUSO without having to invest in new branch capture software, according to Bluepoint Solutions.
Credit unions currently using IMAGEin from Western Bridge can choose to process cash letters directly with the Federal Reserve Banks, or they will be able to migrate their check processing services to any of Bluepoint’s corporate or CUSO partners. Bluepoint said it has partnered with Catalyst Corporate, Corporate America CU, Corporate One FCU, CUsource, Mid-Atlantic Corporate FCU and Palmetto Cooperative Services to provide item processing solutions nationwide to credit unions of any asset size.
“We are offering all credit unions affected by the potential liquidation of Western Bridge a smooth conversion path that will allow them to continue serving their members without disruption,” said CEO Hal Tilbury.
Credit unions currently using IMAGEin would be offered a free license to continue using their existing solution, minimizing the need for additional financial investment and eliminating the need to train staff on a new application.
The timing of the migration to either an in-house solution or to another third-party provider would be based upon each credit union’s particular requirements and would be coordinated with the selected clearing provider, Bluepoint said.