CU of Ohio ACES CheckProcessing

Published August 24, 2005, 1:00 a.m. EDT

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Updated August 27, 2020, 2:25 a.m. EDT

1 Min Read

COLUMBUS, Ohio - (08/24/05) Corporate One FCU reported that the$83-million Credit Union of Ohio has become one of the first creditunions in the United States to begin collecting, archiving, andsettling its membersdeposited checks electronically with theFederal Reserve Bank by taking advantage of federal Check 21legislation enacted in 2004. The credit union is using CorporateOnes Automated Capture & Exchange (ACE) solution,through which it scans images of the checks, archives them in asearchable database, and presents the images to the Federal Reservefor clearing.

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