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