PORTLAND, Ore. -- Northwest Corporate Federal Credit Union has joined forces with the Federal Reserve Bank to electronically exchange images for credit unions.
Northwest Corporate has officially signed an agreement with the FRB to use Fed Forward to electronically exchange checks through the Federal Reserve Bank System, allowing electronic delivery of deposited items. The corporate will also utilize the Federal Reserve Bank's FedReceipt Plus and FedReturn products, which facilitate paperless check processing for share drafts and returns. "Partnering with the Federal Reserve Bank will make implementation of Flash 3, our new branch capture and image exchange solution, quick and efficient. This partnership will allow us to offer credit unions a stable, efficient, and cost-effective option," said Kim Bickford, senior vice president/chief operations officer for the corporate.