Correspondent/Settlement Services
As a wholesale provider of services, Southeast Corporate is a trusted source of competitively priced, efficient settlement services for credit unions. We act as a consolidator of transactions to provide economies of scale to our members. The process for members is simplified because we manage the relationship with wholesale providers such as the Federal Reserve Bank. Regardless of the number of services your credit union offers, Southeast Corporate has an affordable solution to meet your needs.
Eliminate daily wires, compensating balances, manual posting and account balancing by settling your vendor payments automatically. Southeast Corporate has the means to settle all your vendor accounts (i.e., credit card, ATM, debit card, etc.) safely and efficiently. These payments can be settled in your Southeast Corporate Transaction account daily. This eliminates the need to hold multiple accounts at other institutions or make daily wire transfers to cover clearings with vendors. This service helps to avoid unnecessary loans as well as earn the most in dividends. Our full line of correspondent/settlement services includes:
- Automated Clearing House (ACH) Settlement
- ACH Detail
- ACH Returns and Notification of Change (NOC) Settlement
- ATM Settlement
- Cash Letter Deposit Settlement
- Coin & Currency Service
- Credit Card Settlement
- Credit Union Service Center Settlement
- CUNA Service Group Settlement
- CUNA Mutual Services
- EFTPS Settlement
- Foreign Exchange Services
- Money Order Settlement
- Payable Through Share Draft Clearing
- Routing & Transit Number Share Draft Clearing
- Savings Bond Settlement
- Teller's Checks
- Travelers Check Settlement
