Close Menu

Menu

Product Features

Back Office

  • Auto Payroll Interface – import electronic file for entry of payroll deduction amounts.
  • Employee Payroll module with Intuit(formerly Pay Cycle) – Handles all payroll functions, tax collection and remittance, W2 forms, emails employee pay stubs, direct deposit of net pay and automatic posting into general ledger.
  • Enhanced G/L-integrated subsidiary ledger for fixed assets, pre-paid/deferred expenses and accrued expenses with automated recurring JCR posting

    Automatic Payroll Interface

    The Automatic Payroll Interface Option allows you to receive payroll deduction information through a diskette or modem. Files are run through the FedComp system, and the appropriate deductions are automatically recorded.

    FedComp maintains a list of payroll file specifications for the Automatic Payroll Interface. The payroll interface file is a line-delimited ASCII text file. There are no requirements for the name of the payroll file.

    Often a credit union manager will want to post the payrolls using a number other than the member's account number. The FedComp system accommodates this by giving the manager the ability to assign each member an ID#. The ID# can be any number such as the member's social security number, employee number, clock number, etc.

    Employee Payroll Interface

    Interface for PayCycle® Employee Payroll option

    Enhanced G/L (Fixed Assets, Pre-paid, Deferred, Accrued Expenses)

    Enhanced G/L is a subsidiary account system that is completely integrated to the General Ledger making reconciling easy and instantaneous.

    • Increase the efficiency of your operation. There are no more spreadsheets or manual ledgers to maintain.
    • Periodic expenses postings are made automatically.
    • Detailed ledgers are maintained in accordance with NCUA Accounting rules and GAAP.
    • Allows detailed tracking of all fixed assets (furniture and equipment) with separate ledger pages for each item. Track depreciation expense and salvage values automatically.
    • Track and automatically expense all prepaid items such as dues, subscriptions, insurance, maintenance, annual meetings and NCUA fees.
    • Automatically accrue and expense for purchases that will be incurred in the future.
    • Track item #, description, purchase date (or start date), total price, maturity, monthly cost and accumulated depreciation on all fixed or prepaid and deferred assets.
    • Maintain detailed listings of all individual monthly expenses.
    • Maintain separate Trial Balance for fixed assets, prepaid/deferred expenses and accrued expenses.
    • Automatically post monthly expenses and changes to subsidiary and general ledgers simultaneously.

Compliance

  • SAR – systematic review of all member transactions (both over the counter and electronic) measured against predefined rules for BSA and SAR reporting. Also contains a member complaint module for tracking member issues and their resolution.

SAR

(Suspicious Activity Reporting)-
With our partner Ragini Communication, this feature provides a systematic review of all member transactions both electronic and over the counter, measured against predefined rules for BSA and SAR reporting. This feature will help identify transaction details that appear to be fraudulent, and the details of individuals conducting such transactions.

Data Storage

Disaster Recovery Program-

FedComp's Disaster Recovery Program has been designed to provide you with a turnkey solution to disaster recovery planning and execution. This plan provides your credit union a number of tools that are crucial to disaster recovery and includes the following:

  • Disaster Recovery Workbook with CD; guides you through creating your credit unions written plan and procedures that can also be saved to the CD
  • 1st year maintenance fee included in the initial purchase cost
  • FedComp will store hardcopy materials and test month end backup files which you would send to us periodically.
  • Should your credit union need to execute the plan and require a temporary solution for accessing your data, FedComp would deliver a loaner computer. The pc will be configured with the latest version of the software program; including the data from your most recent backup file. The loaner computer is for approximately one month to enable your credit union to acquire new equipment.
  • A FedComp network or hardware representative can be sent to assist your credit union after a disaster for network/peripheral re-configuration. Travel expenses for these personnel are billed after the event.

EFT Services

  • ATM/Debit card processing interface – batch or real time
  • Direct deposit/ACH interface – post individual or group payroll with simple exceptions handling
  • processing interface transmission of daily share draft files from item processor with simple exceptions handling
  • Virtual CU Teller – real time or batch internet home banking interfaces with our partner HomeCU (DMS)

Automated Teller Machine (ATM)- BATCH

FedComp's ATM Option allows FedComp users to add the automated teller machine function to their member services. The software add-on permits FedComp credit unions to connect to national and local ATM networks of their choosing, providing members with widespread withdrawal, deposit, and account inquiry access. In addition, credit unions can add Point of Sale and Positive Balance File capability to enhance their ATM option.

FedComp currently supports a number of networks: M&I, MAC (formerly Green Machine), Central Trust, Deluxe Data Systems, TCUL, Money Maker, ICUL, Metro Teller Systems, Corporate One, NBD (Bank of Detroit), NYCE (New York Switch Corporation), Mellon Bank (formerly Ameritrust), Magic Line, Cash Card, FiServe, EDS, and EIS. Other clearinghouse affiliations are also possible, but may require up to six months of lead-time to set up.

Any FedComp customer can add the ATM option to its system (Junior FedComp users will have to upgrade). It may take up to 12 weeks for the unique custom programming to link the credit union to the network clearinghouse. In addition, there are preliminary arrangements a credit union must make to prepare for the upgrade, such as selecting the clearinghouse, purchasing the hardware, possibly setting up a dedicated phone line, and setting appropriate member use fees and policies.

The FedComp ATM option may require a modem to connect to the network processor and transmit balance data. The network processor determines the modem specifications; some processors require a special bi-synchronous modem. This modem can be purchased directly from FedComp, as part of the entire ATM Option Package, or can be purchased separately.

Other Options:

  • Point of Sale (POS)/Debit Card: This option allows members to use their ATM card to make purchases at network merchants by directly debiting their accounts at the moment of sale.
  • Positive Balance File (PBF): This option allows the credit union to transmit member account balances once a day (on normal business days) to the network processor, so that each member’s balance is known at the time of the ATM transaction. The PBF increases the credit union’s control over member balances; members cannot withdraw funds in excess of their balances.

Set-Up/Processing Time:

  • Up to 12 weeks programming and test transmission time for formats already serviced by FedComp.

ATM Add-On Software:

  • Point of Sale (POS) Debit Card
  • Positive Balance File (PBF)

Automated Teller Machine (ATM) – REAL-TIME

FedComp's ATM Option allows FedComp users to add the automated teller machine function to their member services. The software add-on permits FedComp credit unions to connect to national and local ATM networks of their choosing, providing members with widespread withdrawal, deposit, and account inquiry access. Credit Unions can choose negative file, positive balance file, and real-time access for their ATM/ Point of Sale/Debit cards.

FedComp currently supports these networks: FutureSoft, SCI, and CUSC.

Any FedComp customer can add the ATM option to its system (Junior FedComp users will have to upgrade to FedComp Single or Plus). It may take up to 12 weeks for the unique custom programming to link the credit union to the network clearinghouse. If the CU uses 1 of the above ATM processors which use the standard variance ISO 8583, programming and testing time may be less. In addition, there are preliminary arrangements a credit union must make to prepare for the upgrade, such as selecting the clearinghouse, purchasing the hardware, establishing the appropriate communications module(s), acquiring and installing any appropriate server hardware/software to secure your member's data, and setting appropriate member use fees and policies.

Includes:

  • Negative File: This option operates on a maximum daily withdrawal amount , established by the credit union.
  • Point of Sale (POS)/Debit Card

Direct Deposit/ACH

With Direct Deposit/ACH processing, a credit union can automatically process payroll deductions and direct deposits that are received electronically. These transmissions can be received via modem or on magnetic tape. This option requires the use of a special bi synchronous or an asynchronous modem. The credit union's ACH processor will determine the appropriate modem and modem software necessary.

To use this option for processing payroll data from the credit union sponsor, you need to be familiar with FedComp's basic payroll processing program. If you want to use Direct Deposit Processing with share draft accounts, you must set up share draft accounts using the Share Draft option.

 

 

 

Share Drafts

Increase your service to your members and build your member involvement by adding share drafts to your credit union benefits. FedComp’s Share Draft Option allows its users to easily add share draft capability to their FedComp software.

FedComp’s Share Draft Option provides for the daily posting to members’ accounts from a clearinghouse. Over draft protection from any share or loan account is offered; overdraft notices can be generated; and separate share draft statements can be printed. Transfer fees, returned item fees, and account negative fees can be automatically set up, and different share draft types can be designated, with a different fee schedule attached to each type.

Notices for returned items, loan advances, and transfers from other share accounts can be generated. The Share Draft Option also has the ability to post periodic service fees based on balance, average balance, number of drafts written, and age.

Depending on your processor, the Share Draft Option may require either an asynchronous modem or a special bi-synchronous modem and special communication software to communicate between the credit union and the clearinghouse.; Depending on the clearinghouse chosen, it may be necessary to install a dedicated phone line.

Requirements for Implementing Share Drafts:

  • Select a share draft processor or clearinghouse.
  • Contact your FedComp Sales Representative to order software/hardware.
  • Check on installed phone lines and phone jacks; verify appropriateness (install new line if necessary).
  • Arrange with FedComp to have the account number format established and approved. Have blank drafts printed, if necessary (Note: Some printing companies will provide free drafts for pilot programs).
  • Set policies for overdrafts and fees.
  • Communicate with FedComp and processor to establish a starting date.

*Note: If you have FedComp’s ACH or ATM options along with the related modem communications package, you may not need to purchase a new communications package. Check with your processor to determine compatibility.

 

 

 

VirtualCU Teller Interface (Batch)

 

Members can do their banking at anytime, anywhere while on-line. They can transfer funds between their accounts, make loan payments, open new accounts, apply for loans, request checks, check their balances, and review account history. Member information and transactions are communicated securely between the Credit Union and FedComp twice a day, usually after the end of each day at the Credit Union and transactions requested since the last communication in the morning when the Credit Union opens. Furthermore, the communication transfers are Credit Union defined.

 

 

 

VirtualCU Teller Interface (Real-Time)

Members can do their banking at anytime, anywhere while on-line. They can transfer funds between their accounts, make loan payments, open new accounts, apply for loans, request checks, check their balances, and review account history. Member information and transactions are communicated securely between the Credit Union and FedComp in a Real-Time environment.

 

 

 

Lending

Credit Bureau Reporting

FedComp's Credit Bureau Reporting option allows credit unions to report credit information on their members to the three national credit bureaus (Equifax, Trans Union, or TRW/Experian), or their affiliates. Credit unions seeking to increase membership and remain competitive must be able to provide credit information on their members; this option makes it a simple process.

The Credit Bureau Reporting option produces the information as a file on diskette automatically. The credit union submits the disk to its credit bureau on a monthly basis.

FedComp supports the standard Metro 272 format used by the major clearinghouses. Upon receipt of the software, you will work with your local credit bureau to determine the appropriate codes for reporting the credit circumstances of your members. These codes are then entered in your FedComp system, completing the setup. The option can either calculate the rating on an individual's loan(s) or let you edit each situation as needed.

Once the credit report is created, a report can be printed from the diskette. This allows the credit union to review what is being sent, and if necessary, make corrections and re-run the report.

FedComps Credit Bureau Reporting installs seamlessly with the FedComp Software System, and is easy to operate. Its codes are easily customized to work with whichever credit bureau you report to. This option is the ideal solution for those credit unions that are trying to increase their member benefits.

 

 

Debt Collections

An optional feature for Loan Officers and Loan Collectors for recording member contacts.

The Debt Collections Option enables documentation of collection activities. Accounts can be manually added to the collection reports or automatically assigned to the module within parameters established by the CU. Negative Share account actual and available balances as well as late Loan accounts can be monitored through this option. Each time an account is accessed in TNG a warning box informs the user of a collection status for the member permitting easy communication between department personnel.

Set follow up dates, assign to a specific collector, record promises to pay and broken promises. Payments to member accounts automatically update the collection record. Standard collection notices or customized letters can be printed immediately or later batch printing. The Collection record can be viewed from the inquiry or teller screens by any user with the appropriate rights assigned.

All the histories of accounts in collections remain after the account is brought current or charged off. Details of each conversation, contact, or letter sent can be documented in the collection record. A Collection Record Card can be generated and printed for committee reviews, examination reviews, or legal collection documentation.

 

 

Loan Payment Coupons

Available to all FedComp users is the Loan Payment Coupon Printing option. As an enhancement to the loan approval and creation or refinance process, this option enables the user to print loan payment coupons on compatible laser printers. Default formatting provides for coupons to be printed three to an 8.5" x 11" page, each with its own stub to the left of each printed coupon. Both text content and number of coupons per page are customizable by the user, should they desire to customize default formatting and language.

FedComp, through FedComp Supply, can provide laser paper that is the correct weight and is perforated for individual coupon separation as well as for the coupon stub. Additionally, FedComp Supply can provide custom printed front and back covers for assembly of coupon books. Assembly and mailing methods are at the discretion of the user (Coupons can be assembled into books by any manner of fastening, left together in sheets, etc.).

 

 

CUePay

Loan payment notices to remind your members that their loan payment date is coming and what amount to pay before or on the due date.

 

 

Mortgage Escrow

An optional feature available to FedComp TNG users offering mortgage loans with the benefit or requirement of escrow accounts is now efficiently integrated in TNG.

As an enhancement to the mortgage loan creation and servicing process, this option enables the user to link an Escrow share subaccount directly to a Mortgage Loan during creation or the refinance process. The entire Escrow account details are recorded with disbursement amounts, frequency/dates, and payees. The system calculates the required periodic (normally monthly) escrow deposit necessary to meet the disbursements annually. The escrow deposit is added to the monthly principal and interest to reflect the minimum monthly payment amount that appears on the member ledger screen.

Payment processing automatically separates principal and interest components from the required escrow deposit during payment posting. The payment process readily manages additional principal and/or escrow payments.

Escrow details can be printed for each loan and edited easily for updates and changes to disbursements. The option creates the required Annual Escrow Analysis statements for mailing to the member borrower and once verified, posted to update the monthly payment required for the mortgage loan.

 

 

CUNA Insurance Calculator-

The CUNA insurance calculator option will accurately calculate the premiums for member paid Credit life and credit disability insurance. Your credit union will determine which type of insurance will be available to your members- single premium, monthly renewable or level rate.

 

 

Delinquency Notices

The Delinquency Notice Option works in conjunction with FedComp's Delinquent Report screen. You may choose specific types of loans for which to print these overdue notices.

The option is delivered with three default notices established, but they can be easily edited both in the content and timing of the notice. Each delinquency notice is personalized with the member's name and address and includes the details of the loan in question. The messages are printed in a convenient format that will fit standard window envelopes.

 

 

Loan forms

The Loan Form option enables you to print CUNA LOANLINER® documents from the FedComp system. These documents that are available from CUNA, in a fillable PDF format or pre-printed form.

 

 

Marketing

VirtualCU Web Hosting

The VirtualCU Web Hosting option provides your credit union with an informational website. Choose one of three templates then one of our support team members will gather some information from you and set up your website. For credit unions that have the home banking feature, members can access their internet banking through this website. As well as marketing to your members with special promotions for loans, savings, membership drives, community events, etc.

Record Retention

  • Virtual File Cabinet – electronically attach credit bureau inquiry reports to member records, ability to attach scanned documents or imported excel & word documents to member share/loan records. All period menu postings automatically saved to VFC along with teller balancing reports

Virtual File Cabinet

The Virtual File Cabinet (VFC) is a software product that is integrated into the FedComp system and provides storage and retrieval of images, PDF’s and text based files. The primary purpose of the VFC is to provide the ability to scan documents (deposit slips, checks, etc.) at the teller workstation and have these documents saved for later examination as necessary. It can also be used to store and retrieve system generated reports as well as external images, PDF files, and text files.

Reporting

Bank Reconciliation

FedComp’s Bank Reconciliation Option is used to assist you in reconciling the monthly bank statement. The option uses what the system already knows about the amount and number of each check written to reduce the chore of balancing the statement. This is a big time saver for credit unions that write a lot of checks.

To perform the reconciliation, you complete the following:

  • Enter or edit outstanding checks.
  • Enter the check numbers for the checks that have not yet cleared the bank, but show on the credit union's books.
  • Enter or edit deposits on the credit union's books, but not on bank records.
  • Enter the deposits that show on the credit union's books, but are not on the bank statement.
  • Enter or edit additions on bank records, but not on credit union books.
  • Enter the additions, such as interest, which are on the bank statement, but are not entered in the credit union's books.
  • Enter or edit deductions on bank records, but not on credit union books.
  • Enter the deductions, such as any fees, which are on the bank statement, but are not on the credit union's books.
  • Print the Check Reconciliation. This step compiles all of the information and prints the check reconciliation in an easy-to-read format.

Budgeting

Are the credit union's income and expense figures in line with what you expected? Once you have given the FedComp Budgeting Option your month-by-month budget expectations, it will measure how close you have come in actual operating dollars.

You may keep track of as many income and expense general ledger accounts as you wish. You will have current month and year-to-date figures (and percentages) available. Breakdowns by general ledger account number will be shown, along with total income, total expenses, and net income figures.

You may also use this option to track general ledger accounts other than income and expenses. For instance, you could use it to report on undivided earnings.

When you are ready to generate a report, you will need to enter the general ledger account(s) for which you wish to base the report. Next, you will complete month-by-month budget fields with what you expect your income or expenses to total in each of the areas. Then you are ready to print the report. "Current month" and "year-to-date" comparisons are shown as both total and percentages. Breakdowns by general ledger account number are shown, along with income, expenses, and net income figures.

 

Custom Report Writer

FedComp’s Report Writer Option allows you to access the enormous pool of information you have gathered on your members, and arrange it in ways that can help you grow and market your credit union. In addition, if you are a credit union that makes a large number of loans to its members, the Report Writer Option can make that process easier.

You can draw on up to 70 different FedComp information fields to customize reports about your credit union. Do you want to increase the number of Christmas Club accounts? Create a report of all your members who do not have Christmas Club accounts, and send them a mailing. By targeting your membership for specific areas of interest (by age, time when loans are paid off, or past activity), you can create effective marketing campaigns with little cost or effort.

Other important uses of Report Writer include gathering specialized information on members to meet CUNA information requests. For credit unions with accrual based accounts, Report Writer can be used to determine accruing interest receivables on loans. Once a report has been created, it can be copied directly to disk, or printed.

Some of the headings Report Writer can pull into its reports are:

  • Account Number
  • Member Name
  • ID Number
  • Address Line 1
  • Address Line 2
  • City
  • State
  • ZIP
  • SSN
  • Birth Date
  • Date Joined
  • MISC 1-6
  • Date Acct. Closed
  • Payroll Amount
  • Company Code
  • Number of Payments
  • Date of Loan
  • Payments Left
  • Partial Payments
  • Interest Due
  • Next Payment Date
  • Loan Payoff
  • Warning Information
  • Share Type
  • Available Shares

These are only a portion of the 70 headings Report Writer can access. Also, once a report has been designed, its format can be saved for repeated use. Each report can contain up to 12 different information headings, and up to 30 different report formats can be saved for retrieval.

In addition, Report Writer lets you print the results in report, label, or comma delimited file that can be imported into Excel or used for mail merge.

 

NCUA 5300 Export

As with all FedComp features, the flexibility of TNG enables our clients to define the specific general ledger accounts that make up the specific call report lines. Calculated values such as Average Assets and Delinquent loan values are also managed automatically within the option. TNG has an area for the initial set up process to identify the General Ledger accounts used by your Credit Union as they relate to the 5300 report data fields.

 

Asset Liability Management (ALM)

For credit union managers that are short staffed or going through a transitional period, running asset liability reports can be time consuming. Brick & Associates can assist you with developing, testing and implementing various risk reducing, income enhancing strategies. The ALM export option will allow you to import your FedComp data into the CU/ALM-ware System. The CU/ALM-ware® System is the analytical tool used by clients of Brick & Associates to monitor and control interest rate risk and to test ALM strategies prior to implementation.

 

Comparative Financial Statement

The Comparative Financial Statement option provides you with a snapshot of your credit unions financial status at any point in time. This financial statement compares current month to last month status as well as current month/year to the same time last year. The information is sorted by G/L account number and G/L name and then compared to current budget.

 

Dormant Account Notices

The Dormant account notice option enables you to generate notices or letters informing members when their accounts have reached a dormant status due to no transactional activity.

Notices will print 3 to a page and Letters can be printed on Letterhead or plain paper.

 

Electronic Signature

The Electronic Signature option is used in conjunction with the Laser Check Writer Option. A digital authorized signature is stored in the check files and will print on the check automatically. The authorized signature is captured on a signature pad and saved in an encrypted file.

Safe & Simple Statement Processing Interface

The Safe & Simple Statement Interface enables your credit union to create a statement export file for statement printing by FedComp Supply. You set all of your statement parameters, like beginning and end date, account types to include, etc. After the statement files are generated, a “Statement Summary Report” will preview to the screen for your review. You then can export this file to FedComp Supply and they will process member statements and mail to the member.

Enhanced IRA

This option tracks the total contributions per member per year and tests the deposit attempt against the current IRS contribution rules.

Member Services

Branch Accounting

Branch Accounting option allows the Credit Union to establish separate cost or accounting centers for each branch and main office.

Reporting supports by branch or all branches for:

  • Member Reports
  • Share Reports
  • Loan Reports
  • Share and Loan Reports (example Share and Loan Trial Balance)
  • Transaction Reports
  • General Ledger Reports by Origination and/or Occurrence Branch
  • Custom Report Writer Option fields for Branch Name and Branch Number
  • Net Profit per branch can be tracked to arrive at the profit for the entire Credit Union.

Certificate Renewal Notices

The Certificate Renewal Notices option allows the credit union to print notices of maturity and renewal for various certificate programs. This FedComp option includes three default formats for Certificate Renewal Notices, including a Truth-In-Savings ready notice.

Certificate Renewal Notices area accessed through the Share Certificate Trial Balance screen in the FedComp software. Notices print on plain paper from any supported dot-matrix printer. Using a common text editor (MS-Word, Word-Perfect, DOS-Edit, etc.) credit unions can customize the language used in the notices to suit their specific needs.

This is an easy to use option enabling the credit union to provide members with prompt notification of pending certificate maturities and renewals.

 

 

 

Shared Branching

FedComp's Shared Branching Option brings FedComp users in-person Service Nationwide in a Real-Time environment. Because you care about convenience, FedComp has established the ability to network your members to receive the same in-office services that their Credit Union offers, through a "shared branch" or service center network. FedComp is currently certified for shared-branching interfaces through both SCI and CUSC, the Nation's leading service center networks!

Shared Branching Services Include:

  • Account transfers
  • Check cashing
  • Deposits and withdrawals
  • Loan payments
  • Money Orders
  • Travelers Checks

Any FedComp customer can add the Shared Branching Option to its system (Junior FedComp users will have to upgrade to FedComp Single or Plus). In addition, there are preliminary arrangements a credit union must make to prepare for the upgrade, such as selecting the clearinghouse, purchasing the hardware, establishing the appropriate communications module(s), acquiring and installing any appropriate server hardware/software to secure your member's data, and setting appropriate member use fees and policies.

 

 

 

Virtual ID

Fraud, forgery and Identity Theft are everyday threats to you and your members. Do you really remember the appearance of each signature? What do your members look like? Does your staff really ask for ID from every person? Do you validate that ID?

Now you can add to your risk management arsenal another new and exciting feature from FedComp: Virtual ID.

Virtual ID is a powerful software tool that allows you to scan and store in the FedComp system a photograph of your member and a sample signature or ID. With one discrete click you can instantly display the images while you complete the member’s request, providing for immediate visual, signature, and ID verification*…even Patriot Act support is enhanced with this instant validation.

Virtual ID is fully integrated in FedComp-TNG and is compatible with most Microsoft Certified scanners and web cameras.

 

 

 

Check printing

The Check Writer Option saves you the work of manually typing the checks you issue.

This option can be used with continuous-feed dot matrix or single-feed checks laser checks. FedComp standard checks are available from business form suppliers and have the information fields printed in the same common places. FedComp can provide standard check spacing instructions to your supplier, if needed. For an additional fee, FedComp can also customize your check formats for use with this feature.

In addition to the Check Writer Option, FedComp offers the MICR check printing option. With this option, your checks will be printed on plain check stock paper and all information including routing number and account number will print on each check. A special printer is required for MICR check printing option.

 

 

 

Credit Card Processing Integration

The Credit Card integration option allows you to check a members current credit card balance, current available credit, last payment and process a credit card payment. Once a credit card payment from a member is received, your will be able to create a file to upload to the credit card processor for posting.

 

 

 

Debit Card Savings Program

The Debit Card Savings Program offers your members an automated savings plan. When a member enrolls in this plan, each debit card purchase is rounded up to the next whole dollar and the difference is transferred to a designated savings account.

Example: Your member makes a debit card purchase at the drug store for $13.45. At the end of the business day, a posting will be run that will transfer .55 cents from their debit card account to the designated savings account.

 

 

 

Electronic Signature

The Electronic Signature option is used in conjunction with the Laser Check Writer Option. A digital authorized signature is stored in the check files and will print on the check automatically. The authorized signature is captured on a signature pad and saved in an encrypted file.

 

 

 

E Statement File Export

EStatement Export file option is used in conjunction with HomeCU interface. The core system spools a separate statement file for those members who opt out of paper statements. This file is then uploaded to the HomeCU system through the credit union administration site. The individual member statement is then available for viewing/download, in PDF format, from within the credit unions home banking.

HomeCU EStatements are fully integrated with the HomeCU Internet banking system. This allows members to conduct all their activities in one place, without having to log into a separate system just to view and retrieve statements.

 

 

 

Holiday Skip Pay

The Holiday Skip Pay option enables credit unions to offer their members a Holiday Skip Payment program. In the past, taking on a skip a payment program meant adding skip ranges and removing them, charging fees manually, adjusting due dates, worrying about automatic postings applying payments during skip periods, etc., but now with FedComp's Holiday Skip Payment option, that process has been simplified.

 

 

 

Interactive Voice Response System

The Interactive Voice Response system with HomeCU enables your members to obtain account information through an automated voice system.

 

 

 

iPay Member Bill Pay

With your HomeCU package, you can add Electronic Bill Payment (EBP) through iPay. This feature allows your credit union to offer your members a lot of extra benefit without a lot of added cost or hassle. With EBP, your members can pay anyone, anytime. They can schedule future and recurring payments. And because the funds are deducted directly from their credit union account, they never have to write a check or lick a stamp.

 

 

 

Safe & Simple Statement Processing Interface

The Safe & Simple Statement Interface enables your credit union to create a statement export file for statement printing by FedComp Supply. You set all of your statement parameters, like beginning and end date, account types to include, etc. After the statement files are generated, a "Statement Summary Report" will preview to the screen for your review. You then can export this file to FedComp Supply and they will process member statements and mail to the member.

 

 

 

Thermal Receipt Printing

The Thermal Receipt printing option enables your credit union to produce a digitally printed on thermal paper for your members. This receipt is much smaller than printing on plain paper – no more wasting an 8.5" X 11" paper for a receipt. Thermal printers are much smaller, lighter and consume less power than a dot matrix or laser printer.

 

 

 

4 Software Packages
Read More [+]

Features
Read More [+]

PLATINUM CORE DATA PROCESSING
Read More [+]

24/7 QUALITY SUPPORT
Read More [+]

Credit Union Data
Processing Systems

Used in over 3500 credit unions