Archive

In This Issue:

  1. Top Story
  2. Market Update
  3. Investment Services
  4. Payment Systems
  5. Member Center Update
  6. WesCorp News
  7. Upcoming Events
  8. Product/Service Spotlight

Top Story

WesCorp Continues Cost-Savings Initiatives

WesCorp's audited financials for 2008 are now available for viewing and download by your credit union. A PDF version, supplied to us by our auditor, BDO Seidman, LLP, has been posted to both our public Web site under the menu Financial Reports; as well as the WesCorp Member Center, appearing on the Due Diligence page.
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Market Update with Dwight Johnston

Caution! Spikes Ahead on the Road to Recovery

In the forecast at the beginning of the year and in subsequent webcasts and commentaries, I've cautioned that we're likely to be subject to occasional big spikes in longer-term rates.
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Investment Services

Clayton Analysis Available on Member Center

For the purpose of assisting you in conducting your internal due diligence of WesCorp, we can provide you with a copy of Valuation Reports on WesCorp's investment portfolio and Additional Analysis Reports, and/or extracts, summaries or portions thereof, developed by Clayton IPS LLC.
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New Two-Year Community Investment Fund CDs--Guaranteed by the NCUA!

The NCUA will guarantee all principal and quarterly fixed-rate dividend payments on new two-year certificates of deposit (CDs) in the Community Investment Fund (CIF).
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Payment Systems

Paper Check Collection Fees to Increase September 1

As part of our ongoing effort to make you aware of the check processing changes in the industry, we want to inform you that paper check collection fees will increase by $0.02 per item, effective September 1. This will also include paper check collection for Lockbox payments.
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Purchase One: Unlock the door of opportunity

Financial executives are being driven by the tough economy to find better and more efficient ways to manage their cash, improve liquidity and maintain working capital. The leading challenge to cash management process efficiency is the lack of streamlined operational processes.
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Member Center Update

An Easy Way to Calculate the Cost Savings of Lockbox

In today's environment, cost efficiency is paramount for all credit unions. Find out how your credit union can save thousands of dollars every year.
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WesCorp News

WesCorp Closing Regional Processing Facilities

For the last few years the check processing industry has undergone a dramatic transformation with changes in consumer payment preferences and the move to image exchange technologies. As these changes accelerate, providers have been consolidating their operations.
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New Town Hall Member Meeting Scheduled for Washington D.C. Area

WesCorp has added the Washington D.C. area as the latest venue for our ongoing series of Town Hall meetings with members throughout the U.S. This latest meeting with our east coast members has been scheduled for July 21.
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Upcoming Events

See entire schedule…

Product/Service Spotlight

Remote Deposit Capture

As you plan to make your credit union's transition to a Check 21 universe seamless, WesCorp can help you address the right questions and sort through the often confusing and challenging job of selecting the optimal solution for your credit union. We provide inexpensive access to Image Exchange networks on behalf of all our members. And no matter what system or provider you use, WesCorp can settle for you, with your funds guaranteed to earn our highest overnight rate.
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