Product & Service
Security FCU Chooses NYCE
MONTVALE, N.J.-Security FCU has designed the NYCE Network as its primary provider of PIN debit transactions. As part of the seven-year agreement, Security Federal will use NYCE for switching all of its POS debit transactions and priority routing of all domestic ATM transactions. For info: www.nyce.net.
Georgia Central Adds ALM Tool
DULUTH, Ga.-Georgia Central Credit Union has partnered with Southeast Corporate FCU to add an asset/liability management tool, ALMonitor, which is geared towards smaller institutions with non-complex investment portfolios. Southeast will also be offering the ALMonitor product to its members as a complement to its more complex CorpAnalytics asset liability product. "Even though Georgia Central was already offering its members a full-featured ALM product, PALMS, we realized that some credit unions didn't need a very sophisticated reporting tool," said Amy M. Fuller, Georgia Central's COO. The program automatically pulls NCUA 5300 call report data for use in generating reports. Credit unions can access these reports through the My Georgia Central page on the corporate's web site at www.gacentral.org.
Separately, GCCU has overhauled its website at www.gacentral.org to make the "My Georgia Central" member portal more efficient and convenient.
League Corp. Endorses Floyd
CHATANOOGA, Tenn.-CU Services, Inc., a subsidiary of the Tennessee Credit Union League, has signed an agreement with John M. Floyd & Associates, Inc. (JMFA) of Houston as its "Preferred Business Partner" for JMFA's Overdraft Privilege program. Eight state leagues have endorsed the product.
For info: www.overdraftprivilege.org.
TRE Acquires QuickFile USA
HOUSTON, Texas-Tax Refund Express (TRE) the parent company of Credit Union Tax Services (CUTS), has acquired QuickFile USA, a Washington based company processor of tax returns for more than 150 credit unions in the state. The acquisition will combine two programs that both TRE and CU Quickfile offer, according to the company. The 10-year-old"review and file" program will provide financial institution members with a means to have their tax return reviewed by a tax professional located at TRE's offices before being electronically filed. The second program that TRE will continue to offer is the online filing and tax preparation program, TurboTax for the Web.
For info: www.trefs.com or 1-866-348-CUTS.