LOS ANGELES (PRWEB) July 13, 2020
As more credit unions recognize the need to provide new, high-quality services to attract and retain corporate members, CheckAlt, the leading independent provider of lockbox and treasury management solutions for credit unions and banks, is pleased to announce a strategic partnership with credit union service organization Tru Treasury to enable credit unions with the paper and electronic payment services their corporate members need.
"Having experienced continued growth and commitment to its credit union and bank clients during this pandemic, CheckAlt is delighted to work with Tru Treasury to provide our suite of turnkey treasury payment solutions that accelerate payments and simplify reconciliation for credit union members,” said CheckAlt’s Co-Chairman and CEO Shai Stern.
At the forefront of CheckAlt's suite of services for credit unions is LoanPay, which provides a well-deserved loan payment experience for credit union consumer and corporate members supported by CheckAlt’s network of 13 processing sites across the U.S. These efforts are driven by CheckAlt’s expert credit union team including Chief Product and Innovation Officer Bobby Rahmanian (formerly of Kinecta Federal Credit Union), General Counsel Kevin Cruz (formerly of Logix Federal Credit Union), EVP of West Coast Credit Unions Jackie Taque (formerly of CUNA Mutual Group), EVP of Midwest Credit Unions Trish Di-Maggio-Zander (formerly of CUNA Mutual Group), and EVP of East Coast Credit Unions Stacey Bryant (formerly of American Airlines Federal Credit Union) who each spent considerable years at the credit unions they come from.
Tru Treasury will collaborate with CheckAlt’s Product and Development teams to deliver treasury management products designed with the goal of leveling the playing field for credit unions to attract commercial, public, and nonprofit sector membership. Led by CEO John Ballantyne, Tru Treasury’s board includes Chairman Patrick La Pine (CEO of League of Southeastern Credit Unions), Vice Chairman Robert Bava (CEO of Community Choice Credit Union), Secretary Melva McKay-Bass (SVP of Suncoast Credit Union), Treasurer Ronald Lauren (President of Honor Holdings, LLC), Director Larry Nichols (CEO, Member Driven Technologies, LLC), and Director Gerald Hutto (CEO of Team One Credit Union).
“Tru Treasury understands the challenge credit unions face on the commercial side of their operations, specifically with guiding the growth of business membership,” said John Ballantyne, CEO of Tru Treasury. “We are excited to partner with CheckAlt to expand our collective services for credit unions and their members.”
To learn more about how CheckAlt serves credit unions’ payment processing needs, visit https://www.checkalt.com/industries/credit-unions.
In the past 10 years, CheckAlt has become the leading provider of check payment processing solutions for hundreds of financial institutions across the country. As both bank agnostic and demographic agnostic, CheckAlt is uniquely positioned for payments convergence. It has been our focus to process check payments while also eliminating paper from the system with robust electronic payment APIs. CheckAlt’s solutions include lockbox processing across a nationwide hub-and-spoke network of processing sites, consolidated item processing, integrated treasury solutions, and mobile capture services. CheckAlt is headquartered in Los Angeles, Calif.