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ECU Enhances Member Offerings with uMonitor Financial Solutions |
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MEMPHIS, TN, March 24, 2005 - Employees Credit Union, a Dallas based, rapidly growing Credit Union, chose Parsam Technologies, the uMonitor financial technologies provider for credit unions, to expand their services and improve overall member experience online and in the branch. ECU selected New Account/New Loan Application processing and Funds Transfer Services from uMonitor's comprehensive line of innovative technologies. |
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The New Account/New Loan Application solution supports all facets of ECU's account opening process. The solution enables potential members to apply for account memberships and loans seamlessly online and in the branch anytime, anywhere. Members can also fund their accounts and monitor their transactions online. In addition to convenience to users, the real-time ID verification and risk assessment solution gives ECU the opportunity to cross-sell and up-sell additional products and services. ECU also utilizes the online applications at their indirect dealer locations to help speed up the application process. uMonitor Funds Transfer Services is a fast and effective online money management tool that allows members to move funds in a secure, reliable way from any financial institution to ECU, enabling them to switch their relationship to ECU. The service also allows funds to transfer from ECU to another financial institution or across-accounts held at ECU. Credit unions can also generate revenue from transactions, and their members can enjoy a simple, convenient method to transfer money. Additionally, ECU implements the Funds Transfer Service with their small select employee groups. This enables their SEGs to fund their employee payroll deductions online rather than using a bank wire, courier service or check-by-mail. Since the funds are incoming, there is no charge. SEGs using the service find a secure, convenient, and no-cost method of funding their employee payroll deductions. "uMonitor technologies allow us to maintain close relationships with our members as well as expand our market reach by providing the necessary tools for new members to join us online and allow all of our members to manage their finances more effectively," stated Vonda Burkhart, AAP, Vice President and CFO of Employees Credit Union. She concludes, "ECU shares the same interest and enthusiasm about innovation and financial technology as uMonitor. uMonitor solutions are cost effective for all sizes of credit unions. They give us an opportunity to grow our membership by providing our members with unsurpassed technology and experiences." "The implementation of the New Account/New Loan Application process and Funds Transfer Service has proven very successful in the credit union marketplace, as institutions strive to be more competitive in all areas of services offered to their members," said Dinesh Sheth, CEO of Parsam Technologies. "uMonitor continues to introduce innovative ways for credit unions to attract, maintain and delight their members. We are proud to bring world class uMonitor technologies to all credit unions and satisfaction to their members," added Dinesh. ECU offers their online banking services at no fee, or a very low fee, to all of its credit union members. uMonitor is recognized in the financial services industry for delivering a complete package to meet credit union requirements - the best technology, exceptional customer service, and fast system implementation - at a very affordable price. |
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About uMonitor - Parsam Technologies For more information, please visit www.umonitor.com or contact Gillian Smoot at gsmoot@umontitor.com or by phone at 901.757.1212, ext.7115. |
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Parsam Technologies , LLC Third party trademarks, trade names, product names, and logos are the property of their respective owners |
