CU Sweep Manager - Deposit Sweep Software Solutions for Credit Unions

Secure top member deposits overnight

Administer and manage fully compliant, in-house sweeps in just minutes every day with the software trusted by hundreds of financial institutions across the nation.

Here are some quick features:

Offers unparalleled protection in excess of NCUA insurance using on-balance sheet overnight repos
Automatically and securely generates and delivers required daily repurchase agreement confirmations for members
Provides your credit union with control of rates, fees and sweep thresholds that complement your existing deposit solutions
Simplifies taxes for top depositors, ensuring only one 1099 tax form per account
Automatically creates NCUA-required confirmations, annual disclosures and other notices, and archives them for six years

Stratman Sweep Manager serves: Credit Unions

Daily sweep account balance processing in minutes.

Our solution is crafted with usability and simplicity in mind. The stand-alone software is deployed on-premises – eliminating data security concerns and API limitations. Our software imports data from any core system automatically by using a daily file.

Daily sweep account balance processing takes only minutes. Following your daily pricing of securities, the solution optimizes the allocation of member balances and pledged securities in excess of NCUA limits.

Stratman Sweep Manager for Credit Unions

Sweeps made simple

Deliver peace of mind to your members with a sweep program that is easy to explain, delivers proven performance and is fully compliant. Our software solutions have enabled financial institutions to serve thousands of households while passing audit and regulatory examination for nearly 25 years.

Sweep accounts utilizing overnight repurchase agreements (Repos) allows you to secure your members with high balances by protecting their deposits in excess of NCUA limits, while keeping the funds on your balance sheet.

Repos are a contract between your credit union and your members. This agreement constitutes a liability secured by Government Securities. You select a third-party custodian to hold those securities used as collateral.

Repos utilized in a sweep program are often called “overnight repos” because they mature on the next banking business day. After all deposits and checks affecting the DDA have been processed, your core processing system automatically looks at the balance in the DDA and transfers any funds in excess of a target balance to an investment account, initiating the repurchase agreement.

Schedule a demo

Interested and want to see Stratman Sweep Manager in action? Take a moment and schedule our free demonstration so you can see the product at work. Our team will walk through the features and interface with you, answering any questions along the way.

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