Servus Credit Union delivers cash concentration, ACH origination, wire transfers, positive pay, and reconciliation tools that give you control and visibility over every dollar moving through your business.
Managing cash effectively means knowing where every dollar sits, when it arrives, and where it needs to go next. Servus Credit Union treasury management services consolidate these functions into a single platform integrated with your business checking accounts. Whether you run a company with multiple locations each maintaining separate operating accounts or a single entity that processes payroll, vendor payments, and receivables daily, the credit union's treasury tools reduce manual processes and improve visibility.
If your business operates multiple deposit accounts — separate accounts per location, per department, or per legal entity — cash concentration consolidates end-of-day balances into a single master account. Servus CU offers automated sweeps that move funds at a time you specify, keeping idle cash centralized where it can earn interest or pay down a line of credit instead of sitting fragmented across sub-accounts. Zero-balance accounts take this a step further: each sub-account targets a zero balance at day's end, with debits funded from and credits swept to the concentration account automatically. This structure simplifies reconciliation because each sub-account only ever contains transactions specific to its purpose — payroll disbursements in the payroll account, vendor payments in the AP account, customer deposits in the AR account — while the master account holds the aggregate cash position. The credit union's treasury portal displays all account balances and sweep activity on one screen, updated intraday.
Servus Credit Union's ACH module lets you send and collect electronic payments directly from the treasury portal without logging into a separate processor. For outbound payments, you can originate ACH credits — direct deposit payroll, vendor payments, tax payments — and ACH debits for collecting recurring customer payments. Batch files can be uploaded in NACHA format or built manually in the portal. Dual-approval workflows require a second authorized user to review and release batches above a threshold you set, satisfying internal controls and audit requirements. Recurring templates save payee details, amounts, and schedules so monthly rent, equipment lease payments, and retainer fees process automatically with minimal oversight. Returns and notifications of change appear in the portal, and you can correct errors and resubmit without calling member support. The ACH module also supports same-day ACH for time-sensitive payments, with the usual NACHA cutoff times displayed in the portal so you do not miss a window.
Check fraud remains one of the most common attack vectors against business accounts, and positive pay is the primary defense. When you issue checks, you upload a file of issued items to the Servus CU treasury portal. As checks are presented for payment, the system matches each one against the issued-items file on check number, amount, and payee. Any mismatch generates an exception that you review — typically by 10:00 AM for same-day decision — and either approve or reject the item. If you do not respond by the cutoff, the credit union returns the check unpaid by default, protecting your account from unauthorized debits even if you miss the review window. Payee positive pay adds an additional verification layer by matching the payee name, not just the amount and check number. For ACH transactions, ACH positive pay lets you create filter rules — allow all credits, block all debits from unknown originators, require manual approval for debits above a threshold — that prevent unauthorized ACH pulls from sweeping funds out of your account. For regulatory context on business account fraud protections, visit ncua.gov.
The treasury portal includes full account reconciliation tools that match issued checks to cleared items, flag outstanding items, and generate reconciliation reports you can export for your accounting system. For businesses that receive high volumes of mailed check payments, Servus CU offers a lockbox service: customer payments are mailed to a dedicated post office box, where they are collected, processed, and deposited multiple times per day. Images of each check and accompanying remittance documents are uploaded to the treasury portal, giving your AR team same-day visibility into payments received. This eliminates the delay and manual effort of opening mail, endorsing checks, keying data, and driving to the branch. The lockbox integrates with major accounting platforms, so payment data can flow directly into your receivables ledger and apply against open invoices automatically.
| Service | Function | Availability | Key Benefit |
|---|---|---|---|
| Cash Concentration | Automated end-of-day sweeps between accounts | All commercial checking tiers | Centralized cash, simplified reconciliation |
| ACH Origination | Send and collect electronic payments | Included with commercial checking | Automates payroll, vendor payments, collections |
| Wire Transfers | Domestic and international wire initiation | All accounts, fee varies by tier | Same-day settlement for time-critical payments |
| Positive Pay | Check and ACH fraud prevention | Included with commercial checking | Prevents unauthorized check and ACH debits |
| Account Reconciliation | Check clearing and account balancing reports | All accounts | Reduces month-end close time |
| Lockbox Services | Third-party check receipt and processing | Commercial checking customers | Accelerates receivables, eliminates manual mail handling |
| Zero-Balance Accounts | Sub-accounts settling to zero daily | Premium commercial tier | Departmental tracking without fragmented cash |
Service availability and pricing subject to account type and agreement. Some services require separate enrollment and may carry monthly fees.
Servus Credit Union provides a full suite of treasury management tools: cash concentration and automated sweep accounts, ACH origination for payroll and vendor payments, domestic and international wire transfers, positive pay fraud protection for both checks and ACH debits, account reconciliation reporting, lockbox services for check receivables, and zero-balance account structures. These services are accessed through a single treasury portal integrated with the credit union's online banking platform. Businesses with commercial checking accounts can activate treasury services during account setup or add them later as needs evolve. The portal enforces dual-approval workflows for payments above configurable thresholds, maintains audit logs of every user action, and generates exportable reports compatible with QuickBooks, Xero, and other accounting platforms. Servus assigns a treasury management specialist to each commercial client to assist with setup, training, and ongoing optimization of cash management workflows.
Positive pay at Servus Credit Union prevents check fraud by matching each check presented for payment against a file of checks you have issued. After cutting checks, you upload an issue file to the treasury portal containing the check number, dollar amount, and payee for each check. When a check is presented, the system compares it to the issue file. If the check number, amount, and payee match, the check pays automatically. Any mismatch — wrong amount, duplicate check number, unknown check number — generates an exception. You review exceptions each morning through the treasury portal, with a decision deadline of 10:00 AM for that day's presentment. Items you do not review before the cutoff are automatically returned unpaid. Payee positive pay adds the payee name as a matching field. ACH positive pay applies similar logic to electronic debits: you create filter rules that allow all credits, require manual review for debits from new originators, or block all ACH debits by default until you whitelist specific originators.
Yes. The credit union's treasury management platform supports full ACH origination. You can originate ACH credits for direct deposit payroll, vendor payments, tax payments, and inter-company transfers. ACH debits are supported for collecting recurring customer payments, membership dues, or rental income. The portal accepts NACHA-formatted batch files uploaded from your payroll or accounting system, and it also includes a manual entry interface for ad hoc payments. Recurring templates store payee bank details, amounts, and schedules — weekly, biweekly, monthly — and can be set to process automatically or hold for review before each run. Same-day ACH is supported with the standard NACHA cutoff window displayed in the portal. The dual-approval requirement means a second authorized user must release batches above a dollar threshold you configure, and the system generates confirmation reports documenting every payment in the batch. For regulatory information on ACH transactions, consult consumerfinance.gov.
Zero-balance accounts are sub-accounts linked to a master concentration account. At the close of each business day, the treasury platform automatically transfers funds to or from each ZBA so its ending balance equals a target — usually zero. If a payroll ZBA has a $15,000 debit balance from processing payroll, the platform transfers $15,000 from the master account to cover it. If an AR ZBA has a $45,000 credit balance from customer deposits, that $45,000 sweeps into the master account. Servus CU offers ZBAs to premium commercial checking clients. They are commonly used to segregate disbursement activity (payroll ZBA, accounts payable ZBA, tax payment ZBA) from the main operating account, simplifying reconciliation because each ZBA's transaction history contains only one category of activity. ZBAs also let you maintain a single cash pool in the master account while giving departmental managers visibility into their own activity. Setup involves identifying which sub-accounts serve which functions, and the structure can be adjusted as your organization changes.
Put your business cash to work with treasury management tools that automate sweeps, protect against fraud, and give you a real-time view of your liquidity position. Speak with a Servus treasury specialist today.
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