First Carolina Corporate Credit Union has entered into an agreement with LendingTools.com, or LT, a technology provider to correspondent financial institutions, to deploy LT's Correspondent Gateway to member credit unions.
First Carolina chose LT to provide a user friendly solution to meet their member credit union's ACH origination, management and processing needs. LT's Correspondent Gateway's solution set incorporates all ACH functions including transaction origination, reporting and settlement in a single-sign on environment as an enhanced alternative to other systems. The entire solution will be secured by LT's advanced biometric multi-factor authentication system.
"We were looking for a vendor who had an all-inclusive ACH solution that would make our member's operational experience more efficient and better all around," said Sharon Gerald, Manager of ACH Services, First Carolina Corporate Credit Union.
"LT's specialized technology not only met our initial needs, they also have a positive reputation among other corporate credit unions making them our logical choice. We are excited to be working with LT as we introduce this new ACH service in the coming months."
"It is a pleasure to be working with the First Carolina Corporate Credit Union staff," said Jon Budd, Sr. VP Sales for LendingTools.com. "They have demonstrated a continued commitment to providing their member credit unions with the latest and most reliable technology available. We are pleased to be included in their solution set."
In addition to utilizing LT's ACH solution as end-users, First Carolina's member credit unions will also have the opportunity to provide their own branded cash management services to business members (SEGs). This allows member CU's to deploy ACH services that will integrate into First Carolina's iCAPS system for end-to-end processing, said First Carolina.