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.

The Lockbox Cost Savings Calculator allows you to input hypothetical amounts relating to your current paper remittance processing costs. You can estimate these costs in terms of:

  • Paper-based payments per hour
  • Hourly labor costs
  • Paper processing fees

The calculator will automatically factor in the cost of processing your remittances with WesCorp's Lockbox service and will provide you with a ballpark figure for your total annual cost savings--as well as staff hours saved each month--using WesCorp's Lockbox.

Try it out!

Simply go to your Member Center Executive or Invest home page, click on View All Solutions (the orange box) and select Lockbox from the Solutions menu. You'll find the Cost Savings Calculator on the right side of the Lockbox page. If you like what you see, please contact your WesCorp Relationship Manager to find out more.

Need Access to Member Center?

It’s easy. Simply fill out the following form and take it to your credit union’s WAVE Administrator:

Other Questions?

If you have any questions about the Member Center’s Executive or Invest views, please call James Marshall at:

(800) 442-4366, ext. 6415

or e-mail

jmarshall@wescorp.org