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The $90 million Chaffey Federal Credit Union continues to beat out local banks to secure merchant remote deposit capture contracts with several California school districts.

Competing against larger banks and some credit unions, the Ontario, Calif.-based credit union was recently able to outbid them to secure arrangements with two districts that serve nearly 30 schools. Another remote deposit capture contract is in the final stages for a district with roughly a dozen schools. Chaffey President/CEO Catherine Randazzo has her fingers crossed that a proposal for a fairly large district will be approved next month.

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