MUCFCU Expands Check 21

WARRENVILLE, Ill. - Members United Corporate FCU, which just completed the acquisition of the Illinois Credit Union League's check processing, has expanded its existing imaging suite to include merchant capture and ATM image capture through VSoft Corp.

Processing Content

Members United first implemented VSoft's Image Capture and Branch Capture solutions in 2005.

The Branch Capture solution is live in 300 CU branches, with another 150 expected by year-end.

VSoft's ATM Image Capture interfaces with any image-based ATM, while Merchant Capture allows credit unions to provide business members the ability to remotely capture and electronically send deposits.

The news came on the heels of the corporate completing its acquisition of the Illinois CU League Service Corp's check processing operation and plans to complete the integration of the two operations in the fourth quarter.

The ICUL operations process checks for 175 credit unions in the Chicago Fed District, and processes about 4.5 million items a month. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com


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