CheckAlt & Tru Treasury partner for offering treasury management solutions for Credit Unions

By Pavithra R

CheckAlt, a leading independent provider of lockbox and treasury solutions in the United States has announced a strategic partnership with credit union service organisation Tru Treasury to enable credit unions (CUs) with the paper and electronic payment services their corporate members need.

“Having experienced continued growth and commitment to its credit union and bank clients during this pandemic, CheckAlt is delighted to work with Tru Treasury to provide our suite of turnkey treasury payment solutions that accelerate payments and simplify reconciliation for credit union members,” said CheckAlt’s Co-Chairman and CEO Shai Stern.

CheckAlt is a leading provider of Check 21 payments solutions, including consolidated item processing, omnichannel integrated treasury solutions, remote deposit capture, and easy-to-integrate APIs for mobile and web developers. At the forefront of its suite of services for credit unions is LoanPay, which provides a loan payment experience for CU consumer and corporate members supported by CheckAlt’s network of 13 processing sites across the U.S.

The partnership will help Tru Treasury in collaborating with CheckAlt’s Product and Development teams to deliver treasury management products designed to level the playing field for credit unions to attract commercial, public, and nonprofit sector membership.

“Tru Treasury understands the challenge credit unions face on the commercial side of their operations, specifically with guiding the growth of business membership. We are excited to partner with CheckAlt to expand our collective services for credit unions and their members,” said John Ballantyne, CEO of Tru Treasury.

Founded in 2004, CheckAlt, a leading provider of delivering item processing and treasury management solutions for the financial institution and business clients in the United States representing a variety of industry sectors, including healthcare, utilities, municipalities, nonprofit, higher education, property management, and small business.