Member Share Drafts
We are proud to be the leading processor of share drafts in Tennessee! VolCorp stands out by offering a complete share draft package for your credit union. An extensive cost analysis will also be prepared for your review.
Check out everything that sets us apart…
Accessibility
- Secure connection for image retrieval through VolCorp Online
- Posting files are available for 5 days via a secure connection
- Images are retrievable through your home banking system
- Redundant back-up: all images are replicated at our business recovery site
- Support available 7:30 a.m. CT to 7:00 p.m. CT, and after-hours assistance
Error & Duplicate Correction
- We perform MICR line repair on rejected items (for example, if the account number is not populated, VolCorp will populate, causing fewer rejects at your credit union)
- We check for duplicate items over a 10-day time period, and delete duplicate items prior to sending a posting file
- We review all items over $100,000 to ensure they are correctly encoded. If an encoding error is found, we’ll make the correction immediately, rather than passing it to you
Adjustments
- Adjustment module is available through VolCorp Online
- Same day debit/credit for adjustments before 3:00 p.m. CT
- We handle the adjustment process for the credit union, freeing up your employees’ time
- We process any adjustment over $1.00
Share Draft Returns
- We will send large dollar return notifications (Reg J) on your behalf
- 100% next business day credit for return items
- Returns may be transmitted to VolCorp as files, or entered manually with online software
For more information on our Share Draft Program, please contact Marketing/Business Development at (615-232-7900) or (800) 470-3444, Ext. 3, or email marketing@volcorp.org.