Investment Services

Money Market Daily Share Account

Earn competitive overnight rates with our Money Market Account. A variable rate share account intended to pay a dividend rate that is comparable with a money market interest rate, influenced by the fed funds markets. This account provides overnight liquidity and allows members to transfer excess settlement funds into the Money Market daily until 1:30 p.m.

Transaction Daily Share Account

Allows a member to transact / settle most vendor activity in one account. Unlimited transactions are allowed which may include settlement such as: ACH, ATM, Visa, Share Drafts, CUNA Mutual and others. This account is not intended to be an investment account.

Notice Account

The account earns competitive interest rates that generally are higher than the Money Market Daily Share Account. Member controls maturity with a 90 day notice required for withdraw.

Member Capital Shares (MCS)

Provides members true ownership equity of the West Virginia Corporate. Member Capital Shares is one of the most important ways members can show ongoing support of the Corporate. Not only does the MCS account help meet regulatory expectations, but also strengthens our ability to develop new services and enhance existing ones. MCS holders do not pay any daily fees for our valuable Automated Settlement service.

Term Certificates

Maturities are available from a few days to several years to meet your investment needs. Dividends are paid monthly or at maturity.

Step-Up Share Certificates

Certificates with potential rate resets and maturity extensions. Step-Ups are special offerings that may vary in term and have scheduled rate increases and call options. Dividends are paid according to the offering. 

Fixed-Rate Callable Share Certificates

Certificates carry a fixed-rate with a declared final maturity, with the Corporate having an option to call or redeem the instrument prior to final maturity. In exchange for the call option, the Corporate pays a premium fixed-rate as compared to similar instruments without a call option. Dividends are paid according to the offering. 

Amortizing Certificates

Certificates that repay principal after a lock-out period. These are special offerings that pay a fixed rate with dividends posted monthly.

SimpliCD

This CUSO owned service provides a network where members can buy and sell Federally Insured Jumbo CD's.

Liquidity Services

Revolving Loan Advances

Demand Loans that are available for daily cash balancing purposes, as well as short or long term liquidity needs. Fair market rates along with liberal re-payment terms are two benefits of this loan.

Settlement Loan Advances

Provide for daily overdraft protection to cover settlement activity. Provides members a daily cash management tool. Automatic repayment options are available.

Term Loan

Term Loans carry a fixed rate and fixed term. Various terms are available based on the members liquidity needs.

Reverse Repurchase Agreements

These loan advances are fully secured by securities held by the member. Advances may be made for the member's liquidity or for arbitrage purposes.

Central Liquidity Facility Agent Lending (CLF)

CLF loans are granted to provide liquidity to members that qualify for CLF assistance under multiple scenarios. The CLF is a division of the NCUA.

Correspondent Services

Corporate Share Drafts / Business Checking

Allows members to write business checks. Settlement occurs in the Transaction Daily Share Account each day.

Member Share Draft Processing

Through our partnership with Palmetto Cooperative Services, LLC and Members United Corporate FCU, we are able to process your member share drafts at a lower cost than most other competitors.

MoneyGram Official Checks

Business checking that is offered through MoneyGram with automated settlement occurring in the Transaction Daily Share Account.

Corporate Network Cash Concentration & Automated Debit Transfer

Provides members a convenient way to transfer credit union funds between West Virginia Corporate and another financial institution. Transfers are initiated using a touch-tone phone and settlement occurs the next day.

Funds Transfer

Members can wire funds to domestic and international financial institutions. An automated process that allows members to participate in the Federal Reserve funds transfer system without maintaining a Federal Reserve account and the costs associated with it.

ACH Receiving Point

West Virginia Corporate will receive your ACH files so that you do not need a Fedline terminal and the costs associated with it. All ACH types are received including debits, credits, and commercial and government items. 

ACH Origination Point

West Virginia Corporate will send your ACH files so that you do not need a Fedline terminal and the costs associated with it. Items sent include all ACH types including direct deposit payroll, ACH returns and recurring payments. ACH origination is a great way for credit unions to automate the collection of loan payments or any recurring deposits or payments.

eCOACH ACH System

eCOACH is a Web based system that manages the sending and receiving of ACH files in an electronic format. The main features of the eCOACH system are: receiving ACH files, sending returns, NOCs, and other scheduled originations while maintaining industry standard security. Additional benefits to eCOACH include member access from any internet capable computer running Internet Explorer 5.5 or above. eCOACH will help credit unions provide additional services to Sponsor or SEG groups in the form of direct deposit processing.

Automated Settlements

The Corporate Network has a unique system to work with numerous vendors to settle activity due. The Automated Settlement program allows vendors to settle directly to your Transaction Daily Share Account so that you don't have to manage multiple vendor relationships. Settlement activity includes: Share Drafts, Visa / MasterCard, Traveler's Checks, Money Orders, ATM, CUNA Mutual Insurances, Student Loans and IRA's.

Check Collection / Check 21 Branch Capture

When members make deposits at the Federal Reserve Bank, credit flows through West Virginia Corporate. The Corporate helps manage the relationship between the Federal Reserve Bank and members. Check Collection allows members to consolidate funds at the Corporate for investment or settlement activity.

Through our partnership with Palmetto Cooperative Services, LLC, credit unions can make electronic check deposits under the rules of Check 21. In most cases, 100% of your deposit is available the next business day.

Securities Safekeeping

Members can rest assured that their securities are safe and secure. Members are insulated from many of the risks inherent in the movement and safekeeping of investment securities. Principal and interest payments are collected and automatically posted to your Transaction Daily Share Account. Daily reporting of all security activity and a complete inventory of securities are made available via the internet. 

Information Services

Market Information

West Virginia Corporate has several avenues to consult with members with regard to the financial markets.

CorPower

Web browser based, secure, online system to access your accounts at West Virginia Corporate. All account activity can be viewed at your convenience. Transactions include: wire transfer, account transfers, and member-to-member transfers. With CorPower, you can also download your monthly statements.