Kemba CU Utilizes CU Integrator
COLUMBUS, Ohio-KEMBA Financial Credit Union here has utilized Wescom Resources Group's CU Integrator technology to streamline its loan origination process. The $234-million CU is using Pasadena, Calif.-based WRG's CU Integrator to integrate its lending origination system, Home Bank Technologies' LoanStation, with Symitar'score processing Episys system.
As a result, KEMBA Financial now processes more loans in a shorter time, providing better member service. Nearly all of the previously required manual procedures, such as re-keying member data, have now been eliminated, the CUSO of Wescom Credit Union said.
For info: www.wescomresources.com.
COCC Signs 38 Institutions
AVON, Conn.-COCC, a provider of next-generation data processing services to financial institutions throughout the United States, said it signed 38 service agreements with 26 institutions in the first quarter of 2005. The agreements cover a broad range of services, including core processing, financial management, branch image capture and risk management.
CUs Seeing ROI On Solution
SAN DIEGO-Xpress Data, a provider of daily notice outsourcing, reported a number of clients are seeing demonstrable ROI after implementing its solution. Among them, MCT FCU in Gaithersburg, Md., which reports it is saving approximately $26,000 annually (it has 55,000 members) in staff, materials and mailing costs after outsourcing its daily notices. "We had one person spending one to three hours per day printing notices," said Joel Sarfati, VP-marketing. "Then they went to another person who spent 45 minutes a day getting the notices ready to mail. Now we've upgraded those people's skills." Similarly, Delta Employees Credit Union in Atlanta, said it has also begun saving thousands of dollars a year in postage costs.
For info: www.xdi.com.