Whats New

Many great things are happening these days at Louisiana Corporate. 
We also have some great new products and services, which are featured below.
SHARE DRAFT PROCESSING NOW AVAILABLE!
Louisiana Corporate is proud to present Share Draft Processing! We have partnered with Palmetto Cooperative Services,Inc. to create a great service at a very competitive price. Palmetto Cooperative Services is endorsed by three state Credit Union Leagues for Share Draft Services. LaCorp is pleased to join Palmetto's growing list of corporate credit union business partners. Items processed by Palmetto Services conveniently settle in your Louisiana Corporate settlement account. This outstanding service can be seamlessly combined with our existing Palmetto Services Branch Capture product to add image capture to your share draft capabilities. Now, Louisiana Corporate is excited to offer this to our member credit unions. Give us a call today to inquire about how we can get you started!

2008 LOUISIANA CORPORATE HOLIDAY SCHEDULE
The following is Louisiana Corporates' Holiday Schedule for 2008:

New Year's Day January 1

Martin Luther King, Jr. Day January 21

Mardi Gras February 5

Presidents' Day February 18

Memorial Day May 26

Independence Day July 4

Labor Day September 1

Columbus Day October 13

Veterans' Day November 11

Thanksgiving Day November 27

Christmas Day December 25

California Wildfire Disaster Aid through the NCUF
Donate Now @ cuaid.coop

BRANCH CAPTURE SERVICES FROM LACORP!
Branch Item Capture Gaining Momentum


If your credit union is one that took a “wait and see” approach to Branch Item Capture and Electronic Image Exchange, it may be time for you to take a closer look. Credit unions of all sizes are realizing the significant advantages that this new technology offers. As the cost to process and transport paper checks continues to escalate, all credit unions should consider implementing an image-based check clearing solution. At Louisiana Corporate Credit Union, we have established a relationship with Palmetto Cooperative Services, Inc. (PCS), which allows us to offer an affordable, turn-key solution for Branch Item Capture. PCS is a credit union owned CUSO, based in South Carolina. They have partnered with Corporate Credit Unions in the Carolinas, Virginia, West Virginia and Louisiana, to provide item processing services for credit unions everywhere.

Since the passage of the Check Clearing for the 21st Century Act (Check 21) over 2 years ago, a lot of work has been done to develop and perfect the technologies needed for Electronic Image Exchange. According to the Federal Reserve, during November, 2006, more than 12.3 million check images were exchanged between financial institutions every day. PCS processes Electronic Cash Letters for more than 80 credit unions. Their volume of check images presented for forward collection will soon surpass a million items a month.

Some of the benefits that credit unions enjoy with Branch Item Capture and Electronic Image Exchange include:

1) Improved Availability of Funds – The Federal Reserve reports that items presented electronically receive approximately 98% next day availability of the funds. That compares to 80% for paper-based items.
2) Elimination of Courier Fees – Since check images are forwarded and collected electronically, there is no need to move your checks on planes, trains and automobiles.
3) Improved Return Timeframes – Items presented electronically can be returned to you much faster than traditional paper-based items.
4) Improved Fraud Detection – Faster clearing times will help all financial institutions reduce their exposure to deposit fraud.
5) Optical Archive –Check images are stored electronically for easy retrieval over a secure internet connection.

To learn more about Louisiana Corporate’s Branch Item Capture and Electronic Image Exchange product, contact Sherrie Klotz at 1-800-421-7030. She would be happy to provide additional information and help you identify the cost savings that this technology can provide.

Online Data Backup - eliminate the need for offsite tapes

Backup your system with FirstBackup

SimpliCD - The better way to buy insured CD's!
WWW.SIMPLICD.ORG

CU Business Group, LLC
Louisiana Corporate's business partner, CU Business Group, LLC, provides services to 53 credit unions in 12 states, ranging in size from $5 million to $3 billion in total assets. Services include complete programs and consulting for business loans, working capital credit lines, SBA loan programs, business checking and money market accounts, merchant credit and debit card programs, policies for business services, and regulatory compliance. Please contact us for additional information.

SimpliCD Rates Posted to Web Daily
Rate indications for SimpliCD, our popular brokered Certificate of Deposit program, are now posted to the rates section of Lacorp.com on a daily basis. LaCorp has over seven years of experience in the administration of this program and can get you started today. Simplify your investing with SimpliCD!

CUWEB.ORG Webhosting and Design Services
Your credit union can have a professionally designed website in the time it takes to fill out a two page form. All hosting and design details are handled through Louisiana Corporate. Prices starting at a $200 set-up fee and $10 a month. Please call David Savoie for more info at 800-421-7030.

Equifax Credit Monitoring - Guard against Identity Theft

Credit Watch

Maestro ALM Risk Monitoring from Louisiana Corporate
Maestro ALM Risk Monitoring is a state of the art, NEV based ALM modeling system exclusively for credit unions. Maestro represents the current thinking in ALM and is a significant improvement over limited capacity GAP based models. Please contact David Savoie at LaCorp or CNBS.
View sample reports by clicking on the Maestro logo on our home page.

Electronic Bill Pay Available through Louisiana Corporate
Louisiana Corporate has partnered with MyCU Services, Inc., to offer Electronic Bill Payment (EBP) and home banking services to Louisiana Corporate member credit unions. This service is available in Louisiana exclusively through Louisiana Corporate. For more information, contact David Savoie at (800)421-7030 and see our EBP web page at Louisiana Corporate Electronic Bill Pay

SimpliCD
Louisiana Corporate is among the only credit unions in America to offer SimpliCD (pronounced "simplicity"), the better way to buy certificates.  Many credit unions spend hours calling various banks and thrifts to inquire about rates or spend thousands of dollars each year for "express" rate software.  Now credit union managers can purchase certificates at competitive rates with just one phone call...