WICHITA, KS--(Marketwire -02/14/12)- Missouri Corporate Credit Union based in St. Louis, MO has entered into an agreement with LT, the leading provider of third-party correspondent financial service solutions, to implement LT's Private Correspondent Gateway.
The Missouri Corporate transition from the APEX ACH system to LT's enhanced solution will include the ability to offer member CUs with their own branded cash management platform for their business partners (SEGs). When combined, both services provide a unique interface that gives member credit unions cost effective origination and reporting tools for themselves and their business partners. All of these services will include LT's integrated biometric authentication for enhanced security.
"We are pleased to be transitioning to LT's correspondent solution. Their proven technology and vast transaction service will not only help us provide our member credit unions with an immediate uninterrupted ACH solution, but will also give us flexible options to grow our service set in the future as needed," said Dennis DeGroodt, President and CEO of Missouri Corporate Credit Union. "LT's correspondent experience and ability to accommodate our needs within a tight time line particularly played into our decision process."
"We appreciate the opportunity to provide Missouri Corporate Credit with our Private Correspondent Gateway," said Eric Goering, CEO of Lendingtools.com. "They are dedicated to provide their member credit unions with an efficient correspondent transaction experience and we feel our technology will give them the enhanced service they are looking for. We are excited to be working with such high caliber people."
About LT
Headquartered in Wichita, KS, LT is the largest third-party provider of inter-bank transaction and reporting systems outside the Federal Reserve serving thousands on institutions nationwide. LT demonstrates strength, vision and reliability in serving correspondent financial institutions and their respective user bases. A privately held corporation, LT was founded by and is operated by bankers. Please visit www.LendingTools.com for more information.
About Missouri Corporate Credit Union
Missouri Corporate Credit Union (MCCU) was chartered in 1976 with a national field of membership. Our mission is to help your credit union succeed-it is not on building scale or infrastructure. MCCU provides all the things a big corporate provides, but in a more personal setting. Currently, 130 credit unions are members of MCCU, which enable us to provide a high level of personal service to every member. Please visit www.mocorpcu.coop for more information.
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