Loan participations provide credit unions opportunities to significantly increase income, achieve greater balance sheet diversification and improve their liquidity position. Yet, many credit unions have been hesitant to pursue them. Among the top reasons: marketplace myths that sadly discourage their use. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
Services
The Automated Clearing House (ACH) is a nationwide network designed to exchange funds and related payment information in an electronic format. It is widely used among government entities, corporations, financial institutions and individuals as a cost-effective alternative to checks.
ACHConnect, Tricorp's ACH platform, is an Internet-based ACH origination, receipt and return (exception) handling system that can add flexibility to your day-to-day ACH processing.Using the speed and convenience of the Internet, ACHConnect assists in the collection and distribution of ACH transactions for your credit union.
ACHConnect, Tricorp's ACH platform, is an Internet-based ACH origination, receipt and return (exception) handling system that can add flexibility to your day-to-day ACH processing.Using the speed and convenience of the Internet, ACHConnect assists in the collection and distribution of ACH transactions for your credit union.
SimpliCD ("simplicity") is a certificate of deposit program that enables credit unions to easily invest in federally insured CDs quickly by issuing CDs to a nationwide market of investors with no other fees involved. SimpliCD is owned and operated by Primary Financial Company LLC, a credit union service organization owned jointly by corporate credit unions nationwide.
Tricorp's lines-of-credit provide access to a source of liquidity for member credit unions - liquidity that may be used for settlement shortfalls and to cover unexpected loan demand, high share withdrawals, or seasonal outflows. To meet credit unions' day-to-day funding needs, Tricorp's pre-approved line-of-credit can help you through your liquidity crunch.
CU Business Group (CUBG) is a credit union service organization that provides comprehensive support for credit unions seeking to begin or expand their business services. CUBG's experienced professionals provide credit underwriting expertise with guidance on strategy, policies and business deposit services.
Following the credit union tradition, Tricorp is owned and directed by its member credit unions. The Board of Directors, elected by the membership, consists of seven volunteer credit union professionals from Maine, New Hampshire and Vermont. Their actions and guidance are representative of the entire membership and guide Tricorp in its mission of strengthening the credit union system by providing exceptional service to our members.
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