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Settlement

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 needs.

 

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