United Credit Union taps VSoft for cheque processing

Source: VSoft Corporation

VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Chicago-based United Credit Union has selected its image exchange solutions to streamline check processing and accommodate anticipated growth.

With more than 20,000 members, United Credit Union chose VSoft solutions to consolidate check processing, which will accelerate internal operations and improve member service. VSoft's image exchange technology offers the capability to send and receive images either through direct exchange or through exchange. The solution expedites transaction clearing and returns processing, reducing transportation expenses.

"United Credit Union understands that to have exceptional member service and also meet growth objectives requires scalable solutions that optimize internal resources," said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. "Our image exchange solution provides automated amount recognition and features an intelligent image repair system to deliver the most accurate results possible."

Gary Peck, president of United Credit Union, explained, "We continuously strive to increase back end productivity and deliver quality member attention. Over time, the credit union has successfully expanded its services, as well as its locations across metropolitan Chicago. We can continue to grow and serve members with the support of VSoft's expert solutions that ensure our processes are fast and precise, allowing employees to focus on providing top notch member service."

The credit union also deployed VSoft's archive and research applications, which enable institutions to analyze transactions, deposits and returns.

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