The $103 million Lakeview Credit Union in Neenah, Wis., has become the 14th credit union owner of eDOC Innovations of Middlebury, Vt., the credit union and CUSO said.
The 8,300-member Lakeview CU already was an eDOC customer when it decided to become a part owner. The decision process included the staff going through the same analysis as if the credit union was going to lend to the CUSO and the answer was positive, said CEO Pat Lowney.
“This is a long-term investment. We look forward to dividends exceeding other investment options by making this investment in eDOC Innovations,” Lowney said.
Lakeview recently added the company’s ProDOC Forms paperless processing software to the electronic document and workflow solutions it had been using.
eDOC Innovations said it now provides e-signature, paperless processing, Check 21 and remote deposit checking to more than 400 credit unions.