NCB Implements Enhanced ACH Solution for Bank Customers

Arlington, VA  (August 2, 2012) National Cooperative Bank (NCB), a leading financial services company dedicated to serving cooperatives nationwide, announces the implementation of an enhanced ACH solution for credit union correspondent banking customers and commercial cooperatives.  NCB’s new technology provides customers with immediate economic benefits, greater functionality and advanced data security.   

“NCB is committed to bringing best in class products and services to our customers,” stated Thomas Mayhew, NCB Senior Vice President.  Our new product provides full feature ACH capabilities, for receipt and origination.  The product is easy to use, can accommodate complex transactions and has a robust risk management reporting module.”  

NCB’s new ACH solution now offers users a host of new tools to handle a wide range of simple and complex ACH transactions; extensive management reporting features; the ability to incorporate existing workflow and templates into the new software; and rapid and flexible customizable configurations, among others. The enhanced security measures include multiple permission and approval levels; a full set of auditing controls and risk management reporting with clear tracking of user activity. All of these new features are available to customers through an easily-accessible, web-based system. 

NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop.  

The NCB Financial Group consists of the Congressionally-chartered National Consumer Cooperative Bank (NCCB) and NCB, FSB, a federally insured savings bank wholly owned by NCCB.  The NCB Financial Group provides financial products and services for the nation's cooperatives, their members, and socially responsible organizations.  

NCB is a proud supporter of the 2012 International Year of Cooperatives – a United Nations declaration and global campaign to educate the public about the benefits of cooperatives. “Cooperative enterprises build a better world” is the official slogan of The International Year of Cooperatives, and NCB is doing its part to build awareness of cooperatives in all fields of business.