Capital Farm Credit New Processing System

 

Capital Farm Credit is implementing a new internal lending software system that will enhance our operations to better support our members.

While the impacts to customers are minimal, this new system comes with a few changes, you as a member, will need to be aware of surrounding cash management and payment processes.

 

Ag Banking Online (ABOL)

Same day ACH will now be available to ABOL customers. Any transaction that qualifies for same day ACH will be processed and posted the same day. Currently if a transaction is submitted through Ag Banking Online by 12:00 pm and is $1,000,000 or less, it qualifies for same day ACH.

Auto Draft System (PAID)

Beginning with July billing, all customers will now have their payment processed on the 1st of the month. Please ensure that funds are in place for timely processing. 
Customers will no longer be able to process extra principal payments through the PAID system. Please give your local credit office a call and they can assist you in an alternative method.  

FastCa$h

Same day ACH will now be available for FastCash customers.  Any transaction that qualifies for same day ACH will be processed and posted the same day. Currently if a transaction is created by noon and is $1,000,000 or less, it qualifies for same day ACH.

 

 


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