Teres Solutions Reaches the 200th Customer Mark for Lending Software
The 200th customer was the $356 million Credit Union West of Glendale, Ariz., the seven-year-old company said. Other recent signees include the $353 million Olin Community CU of Bethalto, Ill., the $507 million AltaOne FCU of Ridgecrest, Calif., the $481 million Y-12 FCU of Oak Ridge, Tenn., the $373 million IC FCU of Fitchburg, Mass., and The Credit Union Loan Source LLC, a Georgia CUSO.
"Last year was one of the best in our company's history," said Tim Kelly, CEO of Teres Solutions in Austin, Texas. "We couldn't have achieved what we did without the support of our talented employees and our loyal family of customers who helped to refine and improve the SAIL platform to meet the unique lending needs of the current economic environment."
Kelly said 25 new customers have signed on in the past year. The company also added its merchant lending module in the past year, allowing merchants and professional service providers to submit point-of-sale loan applications through the SAIL system.
Five Credit Unions Turn to PSCU for
Its New Online Banking Platform
PSCU Financial Services' new electronic banking platform has now been adopted by at least five credit unions.
They are the $1.4 billion Texas Dow Employees CU of Lake Jackson, the $48 million North Carolina Community FCU of Goldsboro, the $595 million Quorum FCU of Purchase, N.Y., the $878 million Andrews FCU of Suitland, Md., and the $631 million Farmers Insurance Group FCU of Los Angeles, the company said.
The platform was launched last June and is powered by Q2 Software Inc. of Austin, Texas. PSCU said its flexible architecture supports mobile, voice, consumer and small business online banking and includes the 24/7 support of the big CUSO's contact center operation.
"Recent studies show that consumers are paying more attention to their finances and they are also using online banking services more than ever before. Perhaps most importantly, consumers report that online access helps them feel more in control of their finances," said David Serlo, president of PSCU Financial Services in St. Petersburg, Fla.
The nation's largest CUSO said it is now owned by more than 600 credit unions and serves more than 1,300 financial institutions.
Andera Reorganizes Online Offerings
Andera Inc. said it has reorganized its online account opening and funding solutions into four tiered offerings.
The company said the four packages replace "a long menu of options and interfaces with four prepackaged sets of features" and are based on customer feedback and market research.
The four packages range from a starter Community Edition with low startup costs and quick implementation of online account opening to the Enterprise Edition, which Andera said adds advanced customization, integration, logic and workflow capabilities.
"Organizing our platform into a series of editions represents the latest step in Andera's strategy to turn the online environment into a ubiquitous sales channel for financial institutions of all sizes" said Craig Wilke, vice president of products for Andera.
The Providence, R.I., company is a pioneer in online account opening and said it now has 268 customers, including 141 credit unions.