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Value Proposition

Share draft processing is the payment backbone of any credit union, regardless of asset size or membership base. Corporate One's share draft program is flexible and powerful, allowing credit unions to provide their members personalized access to their funds, including convenient online accessing of cleared items.

Benefits

  • Time and money savings, thanks to free adjustments, free research assistance and 100% next-business-day availability of adjustment funds
  • Corporate One acts as a liaison with all Federal Reserve check processing sites
  • Additional image quality analysis and duplicate detection to help reduce adjustments and detect fraud
  • Two business checking options give you choices about how your credit union's own items are handled

Features

  • Unsurpassed member service
  • Free assistance with adjustments
  • 100% next-business-day availability of adjustment funds
  • Free source of receipts upon request
  • Multiple file transmission options, including MemberView®, FTP and others
  • Online interface for input of returns
  • Online verification of files and settlement

MemberView®

Using our web-based account management system, your credit union can:

  • Monitor daily settlement of share draft clearings, returns and adjustments
  • View electronic images of items
  • Process returns and adjustments manually or using host files
  • View the daily cleared item report for business drafts
  • Submit and receive transmission files
  • Monitor account activity and balances
  • Invest settlement funds

Digital Imaging

Since 1998, Corporate One's share draft processing services have featured digital imaging. This approach allows for the online storage of an electronic image of both sides of a processed share draft for up to 365 days or 7 years. Additional electronic delivery options exist for receiving and maintaining digital images at the credit union.

  • Access share draft items easily online, for viewing (posted and non-posted items) and printing at the point of service
  • Maintain a database of share drafts images in proprietary format at the credit union by receiving FTP files daily, weekly, or monthly
  • Import images into an internal imaging system at the credit union by importing FTP files daily, weekly, or monthly
  • Offer credit union members the ability to view their own share draft images on the Web, via the credit union's online banking channel. Corporate One interfaces with most major data processors
  • Offload images through FTP files by account number to small business members as a tool to facilitate account management.

Business Checking

We offer two distinct business checking accounts that are inexpensive and easy to reconcile.

  • Option 1: Written on a credit union's R/T# and cleared with daily member items
  • Option 2: Written on a credit union's R/T# and cleared through Corporate One. Also used to obtain money orders, certified checks and cashier’s checks

Safety

With any share draft processing program, continuity and security are integral components. Our business recovery program includes:

  • A redundant data storage system
  • A secondary off-site processing site
  • Line of credit options to protect from overdrafts