Settlement is the most valuable correspondent service
Missouri Corporate Credit Union provides because it
helps programs such as Corporate Checking work efficiently.
This service allows vendors to electronically and automatically
credit/debit your Corporate Overnight Share Account
to pay for the current days' activity, such as traveler's
checks, credit card settlement, corporate checking settlement,
share drafts and ATM activity. This system is unique
because all charges occur automatically.
With this service you are automatically protected from
the unpredictable nature of settlements by a line of
credit. Without Settlement, your earnings
would suffer and your cash management expenses would
be much higher.
MCCU's settlement process keeps
the cash management process simple. As you add member
services, remember that MCCU can handle all your settlement