Product & Service
SW Corp On The Check 21 Road
DALLAS-Southwest Corporate FCU said it has made presentations to more than 2,500 credit union employees on Check 21 during the past few months. The new law goes into effect Oct. 28. That training has included four webinars, presentations to a dozen chapter and small CU meetings, and 14 regional Check 21 clinics. More meetings are also planned in Texas and Louisiana. "We have been looking at purchasing check scanners for business continuity and to flow into Check 21," said Sandy Gaskamp, Records Management Manager of University FCU, Austin. "After a conversation with (Southwest) and attending the Check 21 Clinic, we've decided to slow down a little and look into putting in a VPN (virtual private network) and improving our connection capabilities through Southwest Corporate."
For more info: www.swcorp.org.
Members Group, SunCorp Partner
DES MOINES, Iowa-The Members Group and SunCorp Corporate Credit Union have entered into a partnership to provide item processing services to credit unions in the plains states. Under the agreement, The Members Group will act as a virtual sorter and perform item capture, balancing, return and POD processing. Volumes from this partnership are expected to add 1.6 million in clearings a month and 400,000 POD items per month. In 2003, TMG processed 48.7 million in clearings and 2.8 million POD items. The partnership between the two companies evolved as the Federal Reserve Bank closed its item processing services in Omaha.
For info: www.suncorp.coop.
TWS Hosts Client Conference
CLEARWATER, Fla.-TWS Systems, Inc., a provider of ATM management and transaction processing solutions, hosted its 14th Annual client conference at the Hilton Clearwater Beach Resort in Clearwater, Fla., attracting more than 120 executives from institutions using TWS' technology. Highlights of this year's conference included discussions about technology and business trends, sharing of client success stories and communication of new product announcements and product updates.
For info: 800.247.1342 or www.twssystems.com.
Wescom CUSO A Broker/Dealer
PASADENA, Calif.-Wescom Financial Services (WFS), the CUSO of Wescom Credit Union here, has begun operating as an independent broker/dealer. WFS currently serves 8,333 individual investment accounts with $316 million in assets under management.