Payment Solutions

coreCONNECT is Millennium Corporate’s online hub for payments processing and account management. coreCONNECT houses domestic and international wire transfers, ACH origination and receipt, account-to-account transfer processing, currency ordering, securities safekeeping and FedNow. Account details including balances for all holdings, transaction history, statement and invoice retrieval, reporting and more are secured behind biometric authentication for your peace of mind and convenience.

With coreCONNECT-ACH your credit union can stay on top of the automated payments revolution. coreCONNECT-ACH streamlines collection processes, reduces paperwork and fees, and increases processing efficiencies. FTP processing allows for automatic ACH file postings when staff is unavailable or offices are closed. Collect member loan payments from off-site accounts, process internal payments, allow Select Employee Group to originate payroll on their own custom-built online site. Product support is unparalleled as is system security and compliance.

For the payments you still need to make via check, there’s Millennium Corporate’s CorporateCheck service. Clearings occur daily from the credit union’s settlement account separately from member check clearings and images are available online for your reference and convenience.

The FedNow service is an instant payment infrastructure developed by the Federal Reserve that allows financial institutions of every size across the U.S. to provide safe and efficient instant payment services.

Through financial institutions participating in the FedNow Service, businesses and individuals can send and receive instant payments in real time, around the clock, every day of the year. Financial institutions, like your credit union, and their service providers can use the service to provide innovative instant payment services to customers, and recipients will have full access to funds immediately, allowing for greater financial flexibility when making time-sensitive payments.

Send money to anyone, anywhere in the U.S., in just minutes, including government personnel positioned outside our boundaries. Millennium Corporate QuickMoney Transfers can be initiated and available for pickup at participating Western Union^® agent locations, in the U.S. and abroad.

In 2022, Millennium Corporate purchased the Heartland Credit Union Association (HCUA) Item Processing Service and immediately began putting in place significant process improvements to bring credit unions the best-in-class Share Draft Processing service in the market. Along with this state-of-the-art system, we retained HCUA’s most valuable asset – their incredibly dedicate and knowledgeable team! We provide Member Share Draft Processing services for 150 credit unions in 6 states, processing more than 1.5 million drafts a month.

Remote Deposit Capture enables your credit union to create electronic images of deposited checks and transmit them in a digital format, for fast, efficient processing. Using this state-of-the art technology, credit union branches scan, correct, balance and electronically submit batches of checks to Millennium Corporate’s central site for processing and settlement.

We are your trusted resource for Wire Transfer Services! Our Member Service Team are payments experts serving as the wire transfer correspondent for more than 250 credit unions. When you couple our expertise with our dedication to service excellence, there’s no match. Receive incoming wire transfers and send outgoing credit union or member wire transfers, domestically or internationally. Affordably and securely.