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EasCorp News

The Q2 Report is Now Available

EasCorp's second quarter report is now available online. The report may be obtained within the Due Diligence section of www.eascorp.org by anyone having an EasCorp-authorized digital certificate.

Same Day ACH Debits - Live on September 15

Same day ACH Phase II is set to begin on Friday, September 15. On this day, same day ACH debit transactions become a reality and, to nobody's surprise, the big buzz around Phase II is consumer awareness.

Credit unions are well advised to make repeated notices to members regarding this change, and to have staff ready and able to handle calls from members who may unknowingly overdraw their accounts in the immediate wake of this change.

Having a plan in place and educating staff will be important to a smooth transition to the post Phase II environment. Educating members about expedited payments and to be vigilant in monitoring account balances, especially later in the day, may help them better understand how to avoid overdrawing their account.

If you have any questions regarding same day ACH, please contact Marge DeFerrari at extension 3355, Sandy Tague at extension 3526, or the technical support department at extension 2.

Credit Unions Kids at Heart Team Raises $420,000 for Boston Children's Hospital

The Credit Unions Kids at Heart Team (CU K@H) concluded its 2017 fundraising campaign last month by raising a record high $420,000 for Boston Children’s Hospital.

Market Commentary
Bond Traders Eye Fedspeak Marathon to Confirm Hawkish Rate Tilt

The bond market is about to face a marathon of Federal Reserve speakers who could make or break traders’ move to embrace a December rate hike as practically a given.

SimpliCD Rates
View Posted Rates
(updated by 10 am)

For additional information, contact the Investment Department at extension 3354.

EasCorp's Monthly Newsletter
September 2017

Same Day ACH Phase II Begins September 15 - Are You and Your Members Ready?