LAS VEGAS — When it comes to shared branches and compliance, credit unions should be getting an assist this year in identifying cash and check transactions from Credit Union Service Corp. under new rules put in place last September by the Duluth, Ga. service provider.
That was one of the messages delivered here by Craig Beach, CUSC vice president of marketing and business development.
As of Sept. 1, transactions that contain both cash and check will be completed separately and "this means the credit union outlet or stand-alone facility will have a transaction for cash and another transaction for checks."
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