Your Access to Foundational Account Services
When your credit union becomes a member of EasCorp, you unlock access to transactional and investment accounts, and foundational financial services. Transfer funds and monitor your daily transactions in real time—across channels—via our secure, online account management portal, Ease-Link. Use this self-service tool to manage cashflow in a 24/7/365 processing environment or to obtain an advance from an open-end credit account to ensure ready availability of funds. At the end of each business day, automatically sweep funds to one of several overnight investment accounts, enabling you to manage your liquidity and maximize return.
Online Access
via Ease-Link, our secure account management portal
A Versatile Set of Accounts
Select from a versatile set of accounts designed for your daily financial transactions with flexible “sweep” features that enable you to transfer a fixed or variable amount of money, automatically or manually, each afternoon to one of several high-performance overnight investment accounts.
Daily Transaction Account
Used for settling all debit and credit transactions, from share drafts and ACH transactions, to wire transfers and vendor payments, to the 24/7/365 FedNow® Service rail. The account can also offset Regulation D Reserve Requirements.
Sweep Accounts
Used for funds to be automatically swept back to your Daily Transaction Account each morning, providing you the optimal mix of return and convenience. EasCorp offers two convenient sweep account options:
Ease-Sweep Account
A high performance cash management account.
- Ideal for utilizing your credit union’s excess liquidity each night.
- Automatically sweep surplus balances nightly from your daily transaction account to your Ease-Sweep account.
- Funds earn competitive rates overnight and are returned the following morning.
Excess Balance Account
A specialized account for maintaining excess balances in an interest-earning account at the Federal Reserve Bank.
- Enables you to maintain your credit union’s relationship with EasCorp, which manages the account on your behalf.
- Overnight funds that exceed daily settlement requirements are transferred to the Federal Reserve Bank by EasCorp at the end of each business day and returned the following morning.
- EBAs are a liability of the Federal Reserve Bank and provide a strong counterparty, diversification, and interest on balances
A Solid Foundation for Prosperity
EasCorp fosters its member credit unions’ growth through exceptional consultative services and financial solutions. Discover what EasCorp can do for you — talk to a member of our team today.