Volunteer Corporate Credit Union
Nashville, Tennessee - Photo Courtesy of Barry Shulam
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Music City, U.S.A.
May/June 2018 Issue: Front Page
VolVoice



Feature
CECL Update
Laptop with reports and graphs VolCorp would like to thank our members who took time to respond to our CECL survey. As a strategic partner VolCorp’s purpose is to provide superior products, services and support for our member credit unions. In order to do this we must first understand your needs in order to provide the best resources to serve you. Are you curious to see how your peers responded to the CECL survey?

 View the survey responses...



Service Spotlight
V-Portfolio – VolCorp's Best Kept Secret
V-Portfolio:  Powerful Investment Solutions by VolCorp Did you know that your corporate credit union has an exciting and innovative product that no other corporate has? And that this state-of-the-art product is absolutely free to VolCorp members?

We designed V-Portfolio with our members in mind, knowing that our credit unions have diverse needs when it comes to investment products. Our seasoned staff provide competitive solutions, ranging from on-balance sheet cash accounts and certificates of deposit, to off-balance sheet securities and brokered certificates.

 Read more...



Seminars/Training
Forum'18: [r]evolution
Save The Date We have an exciting conference in store for you this year! Thursday will start off with the exhibit hall and three very informative training sessions. The Forum will contain stimulation sessions by the following speakers: Sam Glenn, Frank Allgood, Jim Marous, and John Thomas.

Of course, we can't have the Forum without including lots of fun too!

 Read more...


Operations
VolCorp & UniLink combining efforts to streamline our members' hardware purchases
New Sticker VolCorp and UniLink announced the immediate availability of a direct source for all Credit Union branch equipment for VolCorp members. The integration will streamline members' access to new and refurbished hardware with competitive pricing and first-rate service.

The direct connection between VolCorp and UniLink allows members a one-stop shopping source for financial hardware such as, but not limited to, check scanners, IRD printers, teller receipt printers, signature pads, document scanners and driver's license scanners.

 Read more...



Industry Info
RDC Indemnity Provision
ATTENTION This Has Changed! In 1992, Billy Ray Cyrus sang about his "Achy Breaky Heart." A gallon of gas cost $1.05. The average price of a new house was $122,500. And Regulation CC became law. Quite a bit has changed over the pasts 26 years, but Reg CC really hasn't. Think about it - how much has banking advanced during that time, particularly in light of the use of electronic items and checks?

Most of Reg CC still applies only to paper checks. But the law is now getting a contemporary transformation to recognize the fact that most of the current check collection realm is electronic.

The new amendments to Reg CC, effective July 1, 2018, look to modernize existing check collection practices. The law now creates a new remote deposit capture (RDC) indemnity that will increase risk to credit unions that offer RDC service.

 Read more...



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