MUSKEGO, Wis. -- Corporate Central Credit Union said economies of scale have allowed it to reduce its image-deposit service prices for the third time.
This reduction is 40% on image-exchangeable items for users of the corporate's Image Cash Letter service.
"Our partners provide access to the nation's largest image exchange networks. These networks clear over 60% of all checks in the United States; therefore, we are able to leverage their scale and pass the lower cost of image exchange to our members," said Corporate Central President/CEO Bob Fouch.
More reductions are expected this year as volume increases, the corporate said. Currently, 33% of Corporate Central's approximately 400 members are utilizing Check 21 technology to make their daily deposits to the corporate.