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.

Look no further...Through LaCorp's SimpliCD issuance program, your credit union can sell certificates that are marketed through a program that taps into a nationwide market of more than 4,300 credit union investors. All it takes is one call to LaCorp to get started.
Looking to sell your loans to one or more credit unions instead? LaCorp has partnered with LoanStreet to provide you with a solution that automates and standardizes partial and whole loan sales efficiently. Visit their website at www.loan-street.com or contact info@loan-street.com

New Years Day
January 1

Martin Luther King Jr. Day
January 21

Presidents Day
February 18

Mardi Gras
March 5

Memorial Day
May 27

Independence Day
July 4

Labor Day
September 2

Columbus Day
October 14

Veterans Day
November 11

November 28

December 25

*We will close at 1:00pm on Friday, April 19th
*We will close at 3:00pm on Friday, November 29th
*We will close at 1:00pm on Monday, December 24th

Introducing Premier View! Coming second quarter of 2017
Louisiana Corporate Credit Union will be implementing a new data processing front end, Premier View, in the second quarter of 2017. This front end system will replace the existing CorPower product. You will access Premier View to perform all the functions you currently use on CorPower.

Premier View has a new look and user friendly functions we know you will appreciate. As the implementation time draws closer, we will keep you informed on specific dates and training materials.

Louisiana Corporate CU is very excited about this upcoming event! Should you have any questions regarding Premier View, please contact Sherrie Klotz, COO, at sherrie@lacorp.com or call 800-421-7030 or 504-838-8250.

We are now offering Image Returns Processing through Palmetto Cooperative Services. Palmetto can receive a FedReceipt Returns file from the Federal Reserve on behalf of your credit union. They would process this file and make the check images available through their Online Image Lookup (OIL) system.
Please give us a call today to find out how this service can benefit your credit union and how to get started right away.

To: All Member Credit Unions

From: David Savoie, CEO

Date: November 18, 2009

Re: Hours of Operation

Effective Monday, January 4, 2010, Louisiana Corporate will implement a change to our operating hours. The corporate office will be open for business from 8:30 am until 4:30 pm daily (unless otherwise noted for holidays, etc.). These operating hours will assist us in making an efficient conversion to our new core processing system, while maintaining your access to our member service representatives throughout your normal transaction hours. Access to automated systems, i.e. Open Door and Apex will be available as usual and processing deadlines will not change. E-mails and voicemails received after 4:30 pm will be accessed the next business day.

Please contact Sherrie Klotz, SVP-Operations at 1-800-421-7030 or sherrie@lacorp.com if you have any questions or we can be of any assistance.

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!

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.

SimpliCD - The better way to buy insured CD's!

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!

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