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See What Events Midwest Corporate Will Be At

Mid-America CU Assocition President's Dialogue/Manager's Forum --     8/14-15/08 -- Look for our President/CEO, Doug Wolf, who will be in attendance. 

Defense CU Council Annual Conference -- 8/17-20/08 -- Look for our booth at the vendor show!

Minnesota CU Network Fall Meeting -- 9/5-7/08 -- Look for our booth at the vendor show!

UMACHA Annual Electronic Payments Conference -- 10/9-10/08 -- Look for our booth at the vendor show! 

Mid-America CU Association Fall Institute -- 10/23-25/08 -- Look for our staff that will be in attendance. 

CUNA GAC -- 2/22-26/09 -- Look for our booth at the vendor show!

Midwest Corporate Annual Economics Conference & Annual Meeting --     4/16-17/09 -- Join us for this outstanding educational opportunity! 

Mid-America CU Association Annual SUMMIT -- June 2009

 


2008 Economics Conference & Annual Meeting A Success

The 2008 Economics Conference again has recieved rave reviews from the over 50 attendees of the two day event held in Bismarck, ND on April 17-18, 2008.  

The outstanding speakers included:

  • Francis Lee, President/CEO, U.S. Cetnral FCU
  • Steve Rick, CUNA Sr. Economist, speaking on the economy and the impact on the Dakotas. 
  • Kate Cole, UMACHA, giving an update on ACH issues. 

In addition to the regular educational sessions, a pre-conference session on U.S. Central FCU's financial status was held.

Midwest Corporate's President/CEO Doug Wolf noted, "It is great to be able to bring such outstanding speakers and sessions to our memebrs locally here in the Dakotas." 

At the Annual Meeting held on Friday, April 18, 2008, two new Directors were elected.  Jay Landsiedel of Town & Country CU and Shirley Kondelis of City & County CU. 

Following the Annual Meeting, the Board of Director Officers were announced:

  • Chair - Deb Gallagher of Capital CU
  • Vice Chair - Eric Musland of LaMoure CU
  • Secretary/Treasurer - Cheryl Malm of Med Park CU

 

 


Midwest Corporate Acquires ProDraft Item Processing Services

On March 1, 2008 Midwest Corporate announced the acquisition of ProDraft Item Processing Services. 

According to Midwest Corporate's President/CEO, Doug Wolf, "Bringing the addition of item processing services under our umbrela of outstanding serivces enhances our position in the marketplace and allows our members, present and future, to have one place to turn to for all their correspondent service needs."

ProDraft is an established provider of item processing and remote branch capture services.  For more infroamtion on these services, call 800/852-2677. 


CU Sudent H.E.L.P. Loan Program Meets Member Needs

Have you been trying to flag down that next generation of member? Don’t worry − CU Student H.E.L.P is on the way. Midwest Corporate can now help you bring this lucrative market through your door.

Midwest Corporate partners with Charlie Mac (a CUSO that purchases jumbo mortgage and auto loans from credit union originators) to provide CU Student H.E.L.P., a private student loan program that helps members offset college expenses.

With the cost of college tuition rising at 7.5 percent annually, and because government loans sometimes fall short, more and more students are turning to private student loans to help fund their education.

Offering student loans provides new growth opportunities for your credit union. Once a student is on your credit union’s books, you can use this relationship as a springboard to sell additional products such as credit cards, auto loans and eventually mortgage loans.

There are many other benefits of offering CU Student H.E.L.P to your members:

  • Attracts Gen Y depositors;
  • Cross-sells to existing members (a grandparent, aunt or uncle);
  • Reduces origination fees;
  • Offers cooperatively priced loans with low APR’s;
  • Loans are serviced by a strong-rated, non-bank entity (American Educational Services);
  • Access is easy through the credit union’s Web site;
  • Approval can come within minutes of applying online;
  • No risk, no additional staffing, IT hardware or software support is needed;
  • No funding or liquidity is necessary;
  • No expenses other than marketing are required;
  • Complete, credit union-branded marketing kit is provided; and
  • 50 basis points of fee income is awarded by Midwest Corporate.

If you already offer government student loans, offering CU Student H.E.L.P. will help you round out your loan portfolio. And in the credit union spirit, Charlie Mac will contribute a portion of the fees received from CU Student H.E.L.P to BizKid$, a credit union-sponsored television series dedicated to financial education for middle school students.

Rest easy now that CU Student H.E.L.P. is finally here! For more information, contact Doug Wolf at 800/852-2677 or visit www.charliemac.org.


    Complete Remote Branch Capture Solution Available!

    Midwest Corproate now makes Remote Branch Capture (RBC) affordable for everyone! From hardware, to software, to the actual deposit, we are your best choice.

    Per Item Costs As Low As 1.1 Cents Per Item

    When you transmit your electronic deposit file, the per item cost can be as low as 1.1 cents. (Even our paper check deposits are low cost at only 3 to 7 cents per item).

    Merchant Capture Solutions

    Midwest Corporate's RBC solution can accommodate merchant deposits as well, allowing your creidt union to more fully service your business account members.

    Already Have RBC Equipment and Software?

    Not a problem. Ask us how we can save you money by sending your files to us.

    What About Hidden Costs?

    There are none. Besides the per item fee, the only other costs are a per cash letter fee of $1.25 and a $40.00 monthly fee that enables us to get your deposit into our high-yielding overnight account quickly.

    Call Us Now!

    Call Chad Bartosh at 800/852-2677 now to find out how Midwest Corporate's RBC / Check Deposit Service can drive down your costs and improve your effecincies!


    It's time for you to offer Electronic Bill Payment!

    Electronic Bill Payment (eBP) is quickly becoming a service your credit union must offer to members - we have the solution!

    More and more members are finding out that Midwest Corporate's eBP solution is inexpensive, but full of the features that will make your members even more loyal to your credit union.

    Our eBP solution can be in palce within 60 days of signing the agreement.

    Not a member of Midwest Corporate? Not a problem, $10.00 establishes membership and we can get you set up with our eBP solution at the same time you apply for membership!

    So why wait, call Doug Wolf now at 800/852-2677 or e-mail him at wolf.doug@ndcu.org to find out how Midwest Corporate's eBP solution can work for you!