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LaCorp Turns to South Carolina CUSO for Check 21 Tools

METAIRIE, La. — The 200-plus credit unions that depend on Louisiana Corporate Credit Union (LaCorp) for investment, liquidity and correspondent financial services can now get branch item capture there, too.LaCorp is offering the Check 21 solution through a partnership with Palmetto Cooperative Services, a South Carolina-based CUSO that now provides the service to more than 80 credit unions, including several corporates.“As the cost to process and transport paper checks continues to escalate,more credit unions are looking to image-based options,” says David Savoie, president/CEO of LaCorp.“Many of our members have taken a wait-and-see approach regarding branch capture but are now considering the technology. LaCorp is ready to assist them with a new image-based solution,” Savoie says.Columbia-based Palmetto Cooperative Services, a subsidiary of the South Carolina Credit Union League, says it expects to soon surpass one million items processed per month.

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