A Michigan credit union is the first to offer its members mobile banking through a partnership with Card Services for Credit Unions and MShift Inc.
Team One Credit Union of Saginaw will offer its 32,000 members full core banking capabilities enhanced with CSCU card services, the companies and credit union said.
"Through this partnership, our members will be able to manage their Team One account, such as checking balances, accessing account history and completing transfers from their Web-enabled mobile phone," said Konnie Werner, CEO of the $317 million Team One CU.
"CSCU has partnered with MShift to leverage their exclusive patented technology to bring member credit unions a holistic solution that's carrier and content agnostic. In addition, by leveraging this new strategic partnership and CSCU's pooled volumes, member credit unions are eligible for significant savings and superior value," said Robert Hackney, president of 3,000-member CSCU in Clearwater, Fla.
"The demands of the mobile banking consumer have rapidly matured from mobile delivery of core banking services, like account balances and transfers, to the mobile access of other important financial services-such as credit/debit card services, P2P payments, check deposit, bill pay and more," said Scott Moeller, CEO of MShift in Fremont, Calif.
CSCU announced in August that it would be offering mobile services through MShift, which said it now includes more than 30 of the nation's largest credit unions on its customer list.