Generating Income with Remote-Deposit Risk: Every Business Needs a Credit Union

A revolution on how businesses, associations and government agencies will bank checks has begun. This is the best opportunity that has come along in years for credit unions to break into a market that has been serviced by the local bank market. And best of all, the costs to get on board this revolution is extremely low while the revenue potential is huge. Examine these benefits:

Installation and implementation costs for credit unions have plummeted. It should cost well under $5,000 to get remote-deposit capture up and running. Offering remote deposit will also help keep the credit union’s operating costs low as business volume grows by not increasing the need for teller space and staff. It also helps lower traffic through at drive-up windows, the back office does not touch one single check that comes through the system.