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Credit unions exist to meet the needs of their members, but as a small credit union, adding new products and services to meet those needs can sometimes be a balancing act. We need to strategically add the products and services that will strengthen the relationship with our current membership and attract new members.
There is much to be considered prior to adding a new product or service.
To assist credit unions with some of the most common start up services, we have provided some resources and tools that have been shared by some of the vendors that offer these products and services.
It is very important to remember that your credit union must always conduct their vendor due diligence before entering into any contracts and ensure that the new product or service is a good fit for your credit union.
Share Draft Program
Share Draft Presentation Packet (PDF)
Additional information on the Share Draft Program provided by Catalyst Corporate FCU can be found at www.catalystcorp.org/sdraft.aspx.
ACH Intercept Service Profile (PDF)
Additional information on the ACH Program provided by Catalyst Corporate FCU can be found at www.catalystcorp.org/ach.aspx.
Prepaid Card Program
Prepaid Reloadable Debit Cards
Prepaid Reloadable Debit Card Program Overview (Microsoft Word Document)
Visa Travel Money Card
Travel Card Program Overview (Microsoft Word Document)
Family Prepaid Debit Card
Family Prepaid Debit Card Overview (Microsoft Word Document)
Additional information on pre-paid card services provided by LSC can be found at www.lsc.net.