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Cheq-IT 5-70C Makes Its Debut

LAS VEGAS-Cheq Information Technology Inc. has released a new model, designated the Cheq-IT 5-70C, which is capable of capturing grayscale images and reading the MICR information from standard checks at over 70 checks per minute.

This new unit has a recommended retail price of under $1,000 and a two-year warranty, the company said.

For info: www.cheq-it.com.

CU 24 Had Record Year In 2004

TALLAHASSEE, Fla.-The Credit Union 24 Network is reporting it set records during 2004 in participants, access and transaction volume, the latter growing 35% over 2003.

"While solid increases in ATM terminals and POS locations have broadened Credit Union 24's national footprint, in 2004 29 new credit union network participants brought a substantial number of new cardholders to the network," CU 24 said. "Credit Union 24 increased the number of ATM locations on the network from 28,000 to more than 65,000 in 2004, but attributed much of their growth to a record year in credit union membership and a more than 35% surge in POS activity." In 2004, Credit Union 24 paid out more than $3.5 million in additional revenue to credit unions through its Platinum POS program.

CUs Partner With CU National

PINE BROOK, N.J.-CU National Mortgage announced that it has partnered with the following credit unions to provide a full range of mortgage services to their membership: 1st Liberty FCU of Great Falls, Mont.; MUNA FCU of Meridian, Miss.; Wuana FCU of Clatskanie, Ore.; and the Hoboken N.J.-based Police Federal Credit Union. CU National Mortgage offers transparent mortgage lending services exclusively to credit unions, acting as an extension of their operations.

For info: www.cunational.com or 888-900-1643.

For the best in daily news updates, visit www.cujournal.com.

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