Automated Clearing House (ACH)
Instead of relying on share drafts or checks, you can
use our ACH services to handle member transactions electronically.
The ACH Direct Deposit system is the fastest method
of receiving credit/debit transactions coming
into your credit union.
The automated settlement of the ACH system allows for
all non-recurring and recurring deposits to electronically
affect your Overnight Share Account at MCCU.
So why not keep your reconciling simple and join the
many credit unions that have designated MCCU as their
correspondent financial institution to accept all ACH
credits and debits.
ACH Exception Handling Service
Automated Clearing House (ACH) Handling Service is
designed to allow credit unions to receive ACH activity
through any service provider.
Although your credit union may receive its ACH activity
through another service provider, with Missouri Corporate
Credit Union's Exception Handling Service your credit
union will electronically inform an originator of returns
and the information needed for changes (NOCs) to member
name, account number or credit union routing number.
Exception Handling is simple and easy to institute,
and the information may be faxed to
ACHConnect is an online Automated Clearinghouse
(ACH) origination and receipt system for the collection,
distribution and processing of ACH transactions from
a credit union.
ACHConnect also enables credit unions to offer origination
services to their Select Employee Groups (SEGs).
The ease and speed of online delivery allows a more
effective means of ACH processing:
- Internet-based technology
- Safe and secure transactions
The MCCU Alternative
By utilizing Missouri Corporate's ACHConnect
program for your own activity, as well as for SEG origination,
your credit union can eliminate many expenses, problems
and risk. Essentially, you "outsource" the
initial hardware and software purchases, and much more
of the ongoing expense of the system enhancement and
MCCU also provides full support for all ACHConnect
users as part of the base subscription price, including
technical, application, marketing and compliance assistance.