Press
NAFCU Services Chooses Prodraft Services For Correspondent Banking Services
Contact: David Frankil
703-842-2226
dfrankil@nafcu.org
Doug Wolf
701-250-3978
doug@prodraftservices.com
WASHINGTON – NAFCU Services Corporation today announced the addition of ProDraft Services, Inc. to its Preferred Partner Program for correspondent banking services for credit unions. A CUSO headquartered in North Dakota, ProDraft Services provides a comprehensive suite of correspondent banking services from a single source.
“Regardless of who their existing provider is, natural person credit unions are examining alternatives for these services to ensure that they are getting the greatest value for their members,” said David Frankil, president of NAFCU Services. “We are pleased that we identified a top-notch provider of a wide range of correspondent banking services with highly competitive pricing.”
The organization offers:
- cash letter processing services (including item processing);
- treasury services (including Fed settlement accounts);
- investment management services (including overnight sweeps);
- securities (including municipal and corporate bonds);
- international Services (including remittances); and
- lending (including Fed fund lines of credit).
“Credit unions want the option of getting a complete suite of correspondent services from a single source, and now they can,” said Chad Bartosh, president/CEO of ProDraft Services. “They also want competitive pricing and the customer service they deserve from a credit union owned service organization, and we deliver that.”
Learn more about the NAFCU Services/ProDraft Services partnership at www.nafcu.org/prodraft.
About ProDraft Services, Inc.
ProDraft Services has been in business since 1985 and is committed to providing credit unions with exceptional processing solutions. ProDraft was purchased by Midwest Corporate Federal Credit Union in 2008 and then formed into a CUSO in 2009 with ownership shared with 38 credit unions in North Dakota. Now with an established business relationship with Fifth Third Bank, it offers credit unions traditional correspondent solutions, as well as EFT processing solutions. Learn more at www.prodraftservices.com.
About NAFCU Services Corporation
NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry’s leading solutions providers to offer value-added products and services at a discount to credit unions. Currently, it offers 30 Preferred Partner programs to the credit union community and maintains the credit union locator website CULookup.com. For more information about NAFCU Services Corporation, please visit www.nafcu.org/nafcuservices.
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