LOUISVILLE, Ky. – Kentucky Corporate CU on Tuesday said it signed with Lending Tools to provide it with correspondent services such as ACH and international wire transfers for its credit union members.
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Under the deal, the Wichita company will provide a full replacement and enhancement to Kentucky Corporate’s APEX ACH functionality with the addition of international wire transfer services. Kentucky Corporate also will take advantage of Lending Tools’ direct connection to the Fed, allowing automated ACH file delivery of inbound and outbound files.
The correspondent deal is similar to one Volunteer Corporate CU signed with Lending Tools last month.
