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.
MnIPC said the $59 million Northwoods Credit Union in Cloquet, Minn., has become the first client to offer its members mobile remote deposit capture through the St. Paul, Minn.-based CUSO’s arrangement with Cachet Financial Services.
Northwoods Credit Union first MnIPC client to offer mobile remote deposit capture through the Minnesota CUSO’s arrangement with Cachet Financial Services.
MinIPC seeks to capitalize on ailing corporate market by crossing more state lines.