CUNA Strategic Services

Ten Questions to Ask to Get the Most of Money Order Growth

Does your program offer:

1. Accurate back office reconciliation that doesn’t ask you to check and recheck if a batch has been sent
2. Money orders payable to $1,000 saving members money when they need higher denomination amounts
3. Online white copy reporting that saves staff time and money
4. Credit union hands and globe imprint and solid name recognition that eliminates any problems with checks being cashed in foreign countries
5. Reasonable fees -- or do they charge a monthly fee on top of a per item fee
6. Free marketing materials
7. A money order machine with free maintenance
8. Escheatment on on-cash money orders
9. Fraud detection procedures in place
10. A low income credit union program that can help attract members and keep them from high cost check-cashing outlets

To learn more about the CUNA/MoneyGram Money Order Program, contact Shirley Mazanet at 800-356-9655, ext. 4290 or smazanet@cuna.com. More than 2,000 credit unions have chosen the consistent service of MoneyGram money orders.

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