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.
From the July-28, 2004 issue of Credit Union Times Magazine • Subscribe!
Scheurman to Lead Corporate Item Processing CUSOs
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Comments
Resource Center
View All »
A Path Chosen Prudently
In today's complicated credit card landscape, choosing the correct path between self-issuance or agent banking...
Winning the War on Cybercrime: The Four Keys to Holistic...
This white paper examines the importance of adapting to changes in fraud attacks without significant...
FFIEC Proposed Guidance on Social Media and How it Affects...
To learn how you and your institution can stay compliant with the new proposed FFIEC...
The Rise of "Mobile Commerce" and How it Affects YOU!
Could plastic cards become a thing of the past? This white paper explains what constitutes...
Key Indicators of High Performing Credit Unions
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
