WARRENVILLE, Ill. -- Even though recent corporate headlines have focused on investments and liquidity, electronic branch capture is still gaining steam at Members United Corporate FCU.
First, Members United set a one-day record on July 7, processing 300,821 items via electronic branch capture. And, the $12.1 billion corporate said items from the Federal Reserve and other image exchange networks will be 100% electronic by the end of the year.
Members United currently processes 19 million electronic capture items monthly, representing more than 330 members and more than 950 individual credit union branches. The corporate is planning to launch merchant capture services in the future, and is researching the viability of ATM capture.