Five large credit unions are among the top 50 financialinstitutions for receiving electronic transaction through theAutomated Clearing House system in 2012, according to NACHA – The ElectronicPayments Association.
|They are the 4.2 million-member, $54 billion Navy Federal CreditUnion in Virginia; the $1.8 million-member, $25 billion StateEmployees' Credit Union in North Carolina; the 801,000-member, $11billion Boeing Employees Credit Union in Washington state; the629,000 -member, $7.9 billion The Golden 1 Credit Union inCalifornia and the 598,000- member, $5.5 billion America FirstCredit Union in Utah.
|The largest receiver and originator of electronic paymenttransactions was Bank of America.
|NACHA reportedthat the top 50 financial institution received 10.0 billion ACHtransactions in 2012, accounting for 55.6% of ACH Network receivedvolume last year.
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