We are excited to announce that Corporate One has begun supporting our first credit union, Crane Credit Union, with our funding agent services on The Clearing House’s (TCH) RTP® network. As you may recall, last year Corporate One became the first certified funding agent for credit unions on the RTP network. This certification enables us to help credit unions succeed in the rapidly expanding payments landscape by offering an easy and efficient way to outsource the 24/7/365 settlement and funding requirements for real-time payment transactions on the network. This is a needed capability that could be overly burdensome for credit unions to administer individually.

How it works

When a credit union joins the RTP network and designates Corporate One as their funding agent provider, Corporate One’s Funding Agent Service will:

  • Provide comprehensive 24/7/365 facilitation and management of a credit unions’ real-time payment transactions.
  • Offer around-the-clock monitoring and management of funds.
  • Simplify cash management, settlement and reconciliation by combining real-time payments with a credit union’s existing settlement account for seamless transparency.
  • Provide convenient and consolidated access to reports right from a credit union’s account.
  • Lower the pre-funded requirement a credit union must maintain with the Fed thanks to aggregation.

Whether your credit union is at the beginning of your journey toward real-time payments or you’re ready to take the leap and implement a solution, Corporate One is here to help consult, educate, and prepare our members to make important decisions about the adoption of real-time payments solutions and strategies.

If you haven’t already done so, we encourage you to visit our new Real-Time Payments Info Center, which features articles, webinars and infographics created by Corporate One, the U.S. Faster Payments Council, and The Clearing House to help credit unions discover more about the specific benefits of real-time payments and get connected to real-time payments opportunities.

As your credit union determines its real-time payments strategy for the future, we welcome you to reach out to us to learn more at 866/MyCorp1, option 3, or hello@corporateone.coop.