ERAS is a Miami-based item and payment processor that serves credit unions and community banks.
MnCUN subsidiary's purchase expands footprint into North Dakota and complements a nationwide expansion effort that began several years ago.
On Sept. 1, MnIPC, a wholly-owned subsidiary of the Minnesota Credit Union Network, completed its purchase of ProDraft Services LLC, a Bismarck, N.D.-based CUSO that provides correspondent and EFT processing solutions.
Minnesota item processor picks up North Dakota CUSO.
Post-storm costs at New Jersey item processing center reached $13.7 million but company says quarter still strong.
The $40 million State Transportation Employees CU now 16th credit union owner of Vermont image processing, document management CUSO.
Nothland Educators FCU of Fargo goes with CUSO of Minnesota Credit Union Network.
If you're considering outsourcing item processing, here are five questions to ask would-be providers, and why:
Some credit unions, in deciding not to reinvest in their corporates, have also decided to move one of the core functions that led to the creation of corporates in the first place–item processing.
Sacramento credit union replaces processing work it had been doing with a failed corporate credit union with an in-house system from Bluepoint Solutions.