The technology CUSO of the $2.5 million Wescom Credit Union in Pasadena, Calif., is celebrating its first decade of providing software and technology service solutions to credit unions.
Wescom Resources Group made its first sale to Kinecta FCU in October 2002, an ATM deposit processing solution, and now offers products and services ranging from mobile banking to member directed ACH to a Symitar Episys core processing service bureau to more than 225 credit union clients.
WRG was created earlier that year by Wescom CEO Darren Williams and Rob Guilford, his executive vice president for technology and finance, in response to credit union requests for the solutions Wescom had been creating in-house.
Since then, the CUSO has grown year-over-year at an average rate of 25%, subsidizing continued investments in infrastructure and product development that now includes its MemberEdge suite of integrated electronic banking software, the company said.
WRG’s staff also has nearly doubled in the last five years, from 50 to 95 today, it added.
“The challenge in growing a small business is that you don’t want to get ahead of your headlights,” said Tim Dolan, president of WRG, who joined the CUSO in 2007 as its second president following Kevin Sarber. “This philosophy allows us to innovate new products for credit unions that aren’t ‘me too’ solutions; they are highly configurable solutions that meet the individual needs of each of our credit union clients.”