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FINANCIAL HORIZONS CU
|Financial Horizons CU hosted an American Hero 5K at the Fallon Churchill Fire Department.
07/27/16 08:58 AM
Financial Horizons CU
hosted an American Hero 5K to honor all active and retired military, fire fighters, law enforcement, search and rescue, and paramedics. A total of $2,439.72 was raised and will benefit the following agencies: Fallon Fire Department, Churchill County Sheriff’s Office Deputy’s Association, Fallon Police Department Officers Fund, Churchill County Search and Rescue and Wounded Warriors.
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From the Editors of CU Weekly
REMOTE DEPOSIT CAPTURE FUNDAMENTALS
08/19/14 10:54 AM
Timing, Regs, and Risk Management
Remote deposit capture in home banking and mobile banking is quickly becoming a must-have feature. Although credit unions have many options for how to provide this service, questions abound regarding availability of funds and risk management.
Timing of Deposit Receipt
Credit unions are recommended to include in their service agreement a provision addressing when the imaged check will be deemed “received.” Your credit union should be clear in determining this criteria.
Generally, credit unions should ensure they have obtained the necessary information and documentation to proceed with processing the deposit item. This may include the following:
- A preliminary verification of the image quality of the items presented for payment, at your credit union’s discretion.
- Confirmation that the item information is complete and legible to your credit union.
- Confirmation that deposit totals and check information are balanced.
Click here to read the entire Research and Information column on Page 19 within the August/September edition of Credit Union Digest!