SOUTHFIELD, Mich. and ATLANTA -- Central Corporate Credit Union and Ceto and Associates have partnered to offer a vault cash management tool to credit unions.
The product, called Ceto Cash Calculator or C3, is a Web-based software application that assists financial institutions in minimizing the amount of non-interest earnings cash balances on hand and optimizing the frequency and timing of vault cash ordering.
C3 integrates the various aspects of vault cash management that are often done intuitively or on spreadsheets. More than 900 locations are currently using the C3, according to Ceto.
The $2.6 billion CenCorp provides services to approximately 400 credit unions.