Tech Briefs: eCU Technologies Reports $2.4M In 2005 Revenue

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eCU Technologies, an automated financial service technology provider for credit unions, reported it generated $2.4 million dollars in revenue during 2005. The foundation for last year's revenue consisted of setting a record in client signings with 29 (totaling 99); creating an UPost reseller's agreement with Symitar, and launching a myriad of new products, said the CUSO, which is owned by Pennsylvania State Employees Credit Union. "We grew a lot last year, which enabled us to continue enhancing our services to our clients through added resources," said Alan Brunner, COO.

This year, eCU Technologies said credit unions can look for an enhanced version of its Online Lending solution; migration of its home banking clients onto eCU's newest .NET solution with added functionality; an increase in the security of its products through two-factor authentication and encryption of outgoing tapes, and release of a Upost product to credit unions using different core processors as their backend.

Separately, eCU Technologies has signed its 100th credit union client: the $370-million Power 1 Credit Union in Pembroke Pines, Fla. Power 1 plans to implment eCU Technologies' to UPost online deposit solution.

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