eCU Technologies Helps Small CU Act Large
eCU Technologies, an automated financial service technology provider for credit unions, said it has helped the $70-million Grossmont Schools FCU to "operate like a large credit union while retaining the small credit union feel." According to eCU Technologies, which is a CUSO of Pennsylvania State Employees Credit Union, El Cajon, Calif.-based Grossmont Schools "has been able to achieve this goal by implementing a variety of eCU Technologies solutions, including e-statements, service bureau home banking, and a single-sign-on interface to the credit union's bill pay product. This online technology has allowed Grossmont Schools to retain its small credit union operation-with its same sponsor of 48 years, one office, and 16 employees-and improve its member services without vastly increasing its overhead.
Separately, eCU Technologies joined with the $329-million Southland Credit Union to present the processes and benefits of their online deposit service at the Symitar Southwest User Group meeting at Wescom Credit Union in Pasadena, Calif., last week.
Integrated with Symitar's MemberConnect-Web online banking product, user group attendees for the first time will have an opportunity to experience exactly how UPost Remote Deposit (originally developed by Pennsylvania State Employees Credit Union as UPost@Home(r), now maintained by eCU Technologies) functions in a live environment," the companies said. Melinda Ma, director of eCommerce and Development for Southland CU, said that since launching Southland Credit Unions e-deposits service in June of 2004 it has received over $250,000 in deposits via its remote deposit solution.
Ma has seen its population of 1,000 eligible members grow its products-per-household from an average of 2.94% to 3.96% in the span of the six months.
For info: www.ecutechnologies.