On Deadline: Corporate, CU*Answers Partner
Corporate One FCU announced it is teaming with CU*Answers to form a CUSO that will provide depository services using Corporate One's Check 21 solution for credit unions. The CUSO will provide CU*Answers' 107 credit union customers with access to Corporate One's electronic check exchange services, providing greater negotiating power with the imaging networks to help lower costs.
The main goal is to vest credit unions in the Check 21 business, instead of leaving them at the mercy of the bank-controlled image exchange networks.
Corporate One is one of the nation's biggest corporates and manages $4.1 billion in assets for 800 credit unions in Ohio, Kentucky and West Virginia. CU*Answers is best known for its CU Base System and serves credit unions in 13 states.