correspondent services

• CenCorp Members Approve Merger With Alloya

  By Heather Anderson  |  April 4, 2013

  Illinois-based Alloya to maintain suburban Detroit office of CenCorp after merger closes on April 30.

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  CU Best Practices for Global Payments: Guest Opinion

  By Bob Dowd  |  November 21, 2012

  Credit unions often find it difficult to provide international payment services to their members, the demand for international drafts, wires, international ACH and encashment of foreign receipts grows daily as global trade becomes an increasingly important part of business for companies and individuals.

• U.S. Central Bridge Will Close Earlier Than Expected

  By Heather Anderson  |  July 2, 2012

  The wind down of U.S. Central Bridge Federal Credit Union’s payment services “has progressed more smoothly than originally anticipated”, the NCUA said in a recent letter to credit unions.

• NCUA Will Shutter U.S. Central Ahead of Schedule

  By Heather Anderson  |  June 25, 2012

  Agency says ACH to transition completely by Sept. 30 with complete shutdown now expected on or about Oct. 31 instead of Dec. 31.

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  Corporate Capital Pledge Fears Weigh on the Industry

  By Heather Anderson  |  June 4, 2012

  The ability to raise capital continues to define the new corporate marketplace.

• Corporate Central Offers No-Capital Membership Option

  By Heather Anderson  |  May 29, 2012

  The $2.4 billion Corporate Central Credit Union will now offer credit unions the option to establish membership at less or no capital commitment.

• CNP, Alloya Pact

  March 25, 2012

  Core Network Processing LLC, a CUSO that provides core processing and an Internet portal to eight corporates, has inked a pact with Alloya Corporate Federal Credit Union for technology and related services.

• Alloya Partners With CNP CUSO

  By Marc Rapport  |  March 15, 2012

  Corporate said it will be providing technology and related services to Core Network Processing LLC, a CUSO that provides processing, Internet portal to eight corporates.

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  Liquidity Regs Battle Lines Are Drawn

  By Robert McGarvey  |  February 20, 2012

  Are your credit union’s pockets deep enough to satisfy the NCUA?

• Lending Tools, Kentucky Corporate Announce Pact

  By Robert McGarvey  |  January 17, 2012

  Lending Tools to provide replacement for APEX ACH functionality, add international wire transfer services.