Credit unions are playing catch-up to banks when it comes to business deposit products and services. Every national bank and most community banks offer remote-deposit capture services for businesses both large and small. According to CU Business Group’s 2010 “Business Deposits Benchmarking Survey,” only 8% of credit unions offering business services have remote-deposit capture as part of their package of services. The bar keeps getting raised, and my view is that RDC is now a must for credit unions to effectively compete.

Time is money. Businesses have less time and more demands than ever before, and convenience services like RDC are integral for credit unions to win over new business members. Allowing businesses to scan and deposit checks directly from their location makes working with your credit union easy and cost-effective. RDC also contributes to the green world we live in by saving trips to the credit union. And your frontline tellers won’t get bogged down scanning checks while other members wait. The benefits of RDC go on and on for all parties involved.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?

Peter Westerman


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.