Automated Settlement:

Eliminate daily wires, compensating balances, manual posting and account balancing by settling your vendor payments automatically. The Corporate Credit Union Network has the means to settle all your vendor accounts (i.e., credit card, ATM, debit card, etc.) safely and efficiently. These payments can be settled in your VolCorp Transaction account daily. Designate VolCorp as your authorized settlement institution by contacting your vendors.

Federal Reserve Check Collection:

Making your daily deposits directly with the Federal Reserve Bank (FRB) and settling the collected balances through VolCorp is another alternative to depositing with a commercial bank. As the items are collected, your VolCorp account is credited for the available funds.

Savings Bond Issuing and Redemption:

Become an Issuing and/or Redeeming agent of Savings Bonds and settle these transactions through your VolCorp Transaction Account. Not only can we handle the settlement of these transactions, we can assist you in getting your credit union authorized as a savings bond agent.

Treasury, Tax and Loan Depository:

Receive tax payments for payroll and commercial taxes and settle these transactions through your VolCorp Transaction Account.

Reserve Requirement Settlement:

Are you required to reserve under Federal Regulation D? Let VolCorp simplify this complicated process by reporting and settling your reserve requirements on your behalf.

For more information about our Correspondent services, contact our Marketing Department at Extension 3.