Efficient & Cost-effective Solutions

We provide efficient and cost-effective solutions for risk management. Our Alert Distribution System and Database enhances operational value by reducing fraud losses for our members. Financial institutions and processor organizations can reduce costs and increase efficiencies by utilizing COCHA Clearing Programs.

Security Alert Distribution System

Members may subscribe to participate in this confidential security related information sharing system. The resulting security alerts cover such concerns as: fraudulent accounts; kiting schemes; stolen checks; counterfeit items; account searches; etc. Alert documents are distributed to partnership government agencies throughout the state of Oklahoma as well as partnership government agencies in neighboring states. COCHA Security Alerts result in decreased fraud losses for our members.

We have formed strong inter-agency alliances with local, state, and federal law enforcement agencies that enable us to help curtail the crimes committed against our members and their customers via use of this early warning system. COCHA has received recognition from the Federal Bureau of Investigation and the United States Secret Service for its investigative support efforts.

Alerts graph

Our Image Exchange

Our Image Exchange dramatically shortens the collection cycle by enabling the electronic exchange of items. This results in reductions of non-earning assets, fraud exposure, and processing costs and delays.

Check Fraud Warranties Rule

All COCHA clearing participants are bound by this rule designed to reduce loss exposure on forged maker items. The rule provides the payor financial institution 90 days to receive notification from their customer regarding fraudulent items, determine if the bank of first deposit is also a COCHA clearing participant, and return the item. The bank of first deposit performs a sufficiency of funds test prior to accepting the item. This rule more closely aligns liability with the individual/merchant that received the item in exchange for goods or services.


This rule was implemented January 2, 2003, and has served members well since then.

Liability transfer via UCC and Clearing House rules

UCC 4.103:

  • The effect of the provisions of this Article may be varied by agreement, but the parties to the agreement cannot disclaim a bank's responsibility for its lack of good faith or failure to exercise ordinary care or limit the measure of damages for the lack or failure. However, the parties may determine by agreement the standards by which the bank's responsibility is to be measured if those standards are not manifestly unreasonable.
  • Federal Reserve regulations and operating circulars, clearing-house rules, and the like have the effect of agreements under subsection (a), whether or not specifically assented to by all parties interested in items handled.

Under current UCC guidelines, the customer has 30 days from their statement date to report item discrepancies. The Payor Bank has to decide to pay or return items by midnight the day following presentment. In many cases, this time discrepancy places the loss liability on the Payor Bank.

The new Rule states that the Payor Bank:

  • Receive notification from their customer regarding items within 60 days of the account statement having been made available
  • Determine if the Bank of First Deposit (BFD) is also a COCHA clearing member.
  • Return the item to the BFD under the Check Fraud Warranties Rule within 15 days after receiving customer affidavit
  • Within 15 days following the receipt of the warranty claim by the Warrantor, the BFD then conducts a Sufficiency of Funds Test to determine if the depositing account is still in existence and has sufficient funds to cover the item.

If yes, the BFD must accept the item under the Check Fraud Warranties Rule. Whether or not the item is charged back to the BFD depositing customer is between the BFD and their customer.

Salary Survey

This comprehensive report includes salary and benefits information not found elsewhere. The COCHA survey is developed by Human Resource professionals for Human Resource professionals.

The salary survey has been a resource used by financial institutions in Oklahoma. An updated salary survey will be conducted in late 2020.