Conversion Service Is Introduced

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eCU Technologies, a financial service technology provider for credit unions and a CUSO of Pennsylvania State Employees CU, said it is offering a unique, member history conversion service for credit unions converting to or already running Symitar's Episys system.

This new service allows eCU Technologies to transfer credit union member history records from a credit union's host system to a Microsoft SQL server database. As a result, credit unions converting to Symitar no longer have to maintain two independent systems, one with new member data and another with old member data (history), which was previously required for up to a year.

In addition, credit unions already running on Symitar can transfer their member history data from their IBM@RISK server (host system) to an SQL server, freeing up precious disk space for other data, the company said.

Separately, eCU Technologies said it set a record during 2004 in client signings, revenue generating, and staff hiring. eCU technologies signed a company-record 35 credit unions in 2004, bringing its total client base to approximately 72. The performance allowed the CUSO to increase its 2004 revenues by 50% over 2003, and it grew to 20 employees.

ECU technologies said that coming this year will be an enhanced version of eCU Technologies Online Lending solution; an Online Membership application; Service Bureau for core Symitar system processing; Institution-to-Institution Transfers; Skip-a-Payment; Strategic and Long Range Planning Services; and options on consulting contracts to include premium packages for those credit unions with immediate needs, as well as monthly retainers.

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