When it comes to payment services, you want to be able to offer the best to your members, no matter how small or large your credit union. VolCorp acting as an aggregator of credit union transactions means economies of scale to all members, so you get all the same products and services at the best price.
We’ll take the hassle out of correspondent services by managing your relationship with the Federal Reserve Back (FRB) and the National Automated Clearing House Association (NACHA), and ensure that your funds are kept in an interest-bearing account for as long as possible.
We can automate the settlement of your vendor payments, member transactions, savings bonds, and reserve requirements. Avoid the hassle of dealing with the FRB and NACHA, and get all the guidance and support you need from our experienced and friendly staff.
Federal Reserve Check Collection
Bypass the bank. When you make your daily deposits directly with the FRB and use VolCorp for settlement, you’ll shrink your costs and maximize your earnings.
Federal Reserve Coin and Currency
We can act as a settlement agent and correspondent between you and the FRB. With just one call to us, you can order and settle cash deliveries for your main office and all your branches and ATMs. It’s easy, safe, and convenient.
Cash Vault Program
For full info on our cash vault program, click here, but some of the highlights include: incredibly low rates with no surcharges, the ability to buy and sell at the box and strap level, coin shipment in any amount, flexible delivery options, and easy, consolidated billing. Our cash vault program takes the hassle and inflated expense out of armored car delivery.
Savings Bond Issuing and Redemption
If you are a redeeming agent of Savings Bonds, we’ll handle the settlement. Depositing is easy – simply send the images along with your other deposit items through branch capture and we’ll handle the rest. Savings bonds are now purchased through TreasuryDirect in place of purchasing at your credit union.
Reserve Requirement Settlement
If you’re required to reserve under Federal Regulation D, let us simplify the complicated process for you by reporting and settling your reserve requirements on your behalf, without you needing to open an account with the FRB.