Cavion.com, EasCorp test e-delivery capabilities

ENGLEWOOD, Colo. - Cavion.com, an Internet solutions company targeting the credit union industry, said it has successfully completed testing of electronic share draft imaging and statement delivery services to be provided through Eastern Corporate Federal Credit Union. The new electronic services will provide EasCorp's credit union members with the tools to securely deliver monthly statements and images of canceled share drafts to their members via the Internet. Both EasCorp and cavion.com said they expect these services to cut costs by reducing postage, paper, printing and handling charges. With the completion of the tests, cavion.com and EasCorp plan to immediately begin offering the new services to credit unions. Participating credit unions will access the services through cavion.com's Internet banking product. EasCorp is the nation's eleventh-largest corporate credit union with assets of approximately $1 billion. The corporate serves 270 credit unions in eight states.

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