CU of Ohio ACES CheckProcessing

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 members’deposited checks electronically with theFederal Reserve Bank by taking advantage of federal Check 21legislation enacted in 2004. The credit union is using CorporateOne’s 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.