© 2025 Arizent. All rights reserved.

Security 1st FCU Converts To USERS, Inc.

August 16, 2004, 1:00 a.m. EDT 1 Min Read

USERS Inc. reported that Security 1st FCU, McAllen, Texas, will convert to its DataSafeR System in February 2005. The $151-million, 22,400-member Security 1st viewed the need to improve operational efficiency as a key consideration in its selection of a new core system, USERS reported. The credit union will employ USERS' e-Signatures, Receipts to Optical, and Access RMS optical system to improve staff efficiency. Using small-footprint signature pads at their workstations, tellers will generate a single copy of a member receipt and automatically store an electronic copy with an embedded signature directly to the optical system.

Lenders will use similar technology to automatically store electronic copies of loan documents to optical, and MSRs will take the same approach with signature cards.

For info: www.users.com

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER
How the Trump administration has neutralized the CFPB

Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.

By Kate Berry
4h ago
7 Min Read
CFPB exterior no signage 4
More rate cuts eyed as Fed zeroes in on soft labor market

Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.

By Maria Volkova
September 17
4 Min Read
Jerome Powell
Bank stocks rise on Fed's first rate cut of 2025

The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.

By Allissa Kline
September 17
4 Min Read
New York bank doubles down on insurance with big investment

Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.

By John Reosti
September 17
4 Min Read
syracuse, new york
Minnesota credit union is launching its own stablecoin

St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.

By Melinda Huspen
September 17
4 Min Read
BankThink on increased need for AML with stablecoins
Affirm, Klarna, deepen ties with Apple

The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.

By Joey Pizzolato
September 17
3 Min Read
Apple Pay