Value proposition
Share draft processing decisions are of great importance to credit unions, regardless of asset size or membership base. A cornerstone of member service, share draft programs allow credit union members flexible and personalized access to their funds while improving the perception of your credit union as your members’ primary financial institution.
Why choose Corporate One?
Corporate One has designed a share draft program that is flexible and meets the unique demands of credit unions. While letting our operational expertise work for you, your credit union can concentrate on what it does best ... serving your members.
Benefits
Share draft accounts have a powerful effect on the services your members use. If your member has a share draft account they are:
- Twice as likely to use your credit union for all other financial services.
- Four times more likely to utilize your credit union as their primary financial institution.
- Five times more likely to use your credit union for ATM.
- Nine times more likely to direct deposit.
Digital Imaging
As part of our share draft processing services, each item is archived using digital imaging, which allows for quick retrieval at any time. Corporate One stores electronic images of both sides of processed share drafts and makes each images available online for up to 365 days.
MemberView®
Using our web-based account management system, members can:
- Monitor daily settlement of share draft clearings, returns and adjustments
- View digital images of items
- Process returns and adjustments online
- View a daily cleared item report for business drafts
- Submit and receive transmission files
- Monitor account activity and balances
- Invest settlement funds
Corporate Checking
We also offer two distinct corporate 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
Getting started is easy. Just complete the Contact Us form and a representative will contact you.
