Scheurman to Lead Corporate Item Processing CUSOs
PORTLAND, Ore. - Mike Scheuerman has been named president of two corporate-owned CUSOs that could potentially play a key role in the creation of a national image exchange network. Scheuerman will lead Credit Union National Item Capture and CU eArchive Solutions, two CUSOs owned jointly by FirstCorp and Northwest Corporate. The CUSOs basically allow the corporates to share the cost of share draft collection, including clearing, settlement and image capture. CU eArchive Solutions has a management agreement in place for U.S. Central to store check images for both corporates at a facility in Kansas. It's been doing that for FirstCorp, for about two months with Northwest expected to come on shortly. "The corporates are now positioned to take advantage of Check 21 legislation effective later this year, and be a player in the national payments system arena when electronic check exchanges become more prevalent," said FirstCorp President/CEO Pete Pritts. Some may remember Scheuerman from his days as a technology executive with First Tech CU in Oregon. He joined Northwest in August of 2002. In addition to his CUSO leadership role, Scheuerman will remain as Senior Vice President and Chief Information Officer at Northwest Corporate.