CheckAlt Announces ATM Item Processing Renewal with Grow Financial Federal Credit Union

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CheckAlt continues servicing industry leading credit union by providing automated item processing for ATM check deposit transactions

CheckAlt today announced a renewal with Grow Financial FCU to provide automated item processing for all of the credit union’s ATM check deposit transactions. Grow Financial FCU is an industry leading credit union with $2.2 billion in assets and operates 27 stores across the Tampa Bay, FL and South Carolina regions with additional services being offered in Georgia, Alabama and Tennessee.

“We are excited to continue offering our services to Grow Financial FCU,” said Shai Stern, CEO and co-chairman of CheckAlt. “The renewal will enable Grow Financial to continue processing their ATM check deposit transactions efficiently and accurately while keeping operational expenses low and mitigating risk.”

CheckAlt’s ATM services include deposit automation, which works directly with image-enabled ATM’s to efficiently process captured check images and data for deposit. CheckAlt also provides advanced ATM reconciliation services for banks and credit unions, which enables them to settle their ATM terminals faster and identify missing deposits and transactions that were processed on a different date or removed from clearing.

“Grow Financial FCU is committed to providing high quality service to our members.” said Karri Eads, Director of Deposit Services at Grow Financial Federal Credit Union. “By renewing our capabilities with CheckAlt, we’ll be able continue to provide the type of quality service that has enabled us to be on the forefront of credit unions in the country.”

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About CheckAlt
CheckAlt offers best of breed Check 21 solutions nationwide. These solutions include consolidated item processing, lockbox processing and white label solutions, such as CheckAlt Remit, LoanPay and Mobile Business Capture. CheckAlt has recently acquired Klik Technologies and now has a total of 300 employees, over 600 clients, 9 offices nationwide. CheckAlt is headquartered in Miami, FL. For more information, visit http://www.checkalt.com.

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About Grow Financial FCU
With 27 stores, Grow Financial Federal Credit Union is recognized as one of the leading Credit Unions in the nation, and has $2.2 billion in assets. Originally founded to provide a safe place to save and borrow money for the military and civilian personnel of MacDill Air Force Base, Grow Financial has since expanded membership to include employees of more than 1,100 businesses. Established in 1955, Grow Financial has its corporate headquarters in Tampa, Florida. For more information, visit http://www.growfinancial.org.

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Moshe Goldstein
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