Solid Performance by the Comprehensive Document Imaging Strategy Provider MIDWAY, UT, GRAND RAPIDS, MI and CLATSKANIE, OR — January 29, 2009 eDOC Innovations (EDI), the Nation’s leading CUSO for e-document strategies announced that Wauna Federal Credit Union has adopted CheckLogic to transmit and manage their Check21 needs. Wauna FCU in Clatskanie Oregon has already processed their Check21 images using CheckLogic for nearly two months through South SouthWest Corp. CheckLogic is just one of the several electronic document products Wauna FCU uses in its overall e-document strategy.
CheckLogic is a high-quality, cost efficient Check21 processing solution for branch check capture and electronic image forwarding. CheckLogic uses advanced Magnetic Ink Character Recognition (MICR) and Image Character Recognition (”ICR”) reading software to capture draft and internal document information. MICR line and courtesy amount information is then converted into a standardized X9.37 formatted Image Cash Letter for electronic transmission to the check funding clearinghouse of the client’s choice. Concurrently, internal document information is captured to facilitate balancing and check image retrieval.
“We chose CheckLogic for several reasons but one that really stood out was how it helps us complete our strategic initiatives to enhance service to our members,” says David Merrell, Chief Financial Officer of Wauna FCU. “Digital documents are a way we can better serve our members; they give us a competitive edge because they are convenient and economical. CheckLogic is part of our overall strategy to save money by using a common platform for each of our digital initiatives so we are able to save on equipment and training. These savings we can reinvest into serving and retaining our members.”
About Wauna Federal Credit Union
Founded in 1967 in Clatskanie, OR, Wauna FCU serves more than 13,000 members and has assets of more than $117,000,000. Membership includes individuals, businesses, and professional accounts in the greater Clatskop County and Columbia County Area.