Cash Concentration

Cash Concentration sends funds directly to or from your Overnight Share Account quickly and economically. It is the ideal way to put idle funds to work or to manage funds between branches. This service effortlessly transfers funds overnight through the electronic payment system. Best of all, Missouri Corporate Credit Union offers it to you at no cost.

Once in your Corporate Overnight Share Account, your funds begin to earn interest. Just meet the convenient cut-off time and the funds will be in your Corporate Account the next business day.

And since this service is provided to you free of charge, it is less costly than a wire transfer or writing a check. You don't even pay for the phone call.

Cash Concentration is easy. Just telephone the Cash Concentration operator or enter the transaction through a touch-tone phone. When MCCU posts all transfers to your Overnight Share Account, your bank account is adjusted at the same time. An audit trail of your activity is also created to make account reconciliation easy.

And Cash Concentration is safe. Funds can only be transferred from or to your pre-designated bank account or to your Corporate Account. Only authorized employees at MCCU and your credit union will know your identification number. Plus, the system has a reliable procedure that verifies every transaction.