Buoyed by new client signings and 6.6% growth, Wescom Resources Group said it notched more than $10 million in earnings in 2012, a new record for the technology CUSO of the $2.4 billion Wescom Credit Union in Pasadena, Calif.
WRG said it now has more than 260 clients, adding more than 50 new credit unions in 2012. The CUSO said it now provides mobile banking to 73 credit unions, online banking to 68 and service bureau core processing on Symitar or Corelation platforms to 15 service bureau clients.
“We have seen extraordinary demand for our online banking and mobile banking products, and are very pleased with this,” said WRG President Tim Dolan. “Looking forward, one of our chief concerns is positioning our team for the right pace of growth, and adding the capacity to support our growth. We look forward to implementing more process improvements in 2013, as well as announcing exciting new solutions that will be welcomed by our clients.”
WRG expanded on its relationships with other vendors in 2012, including MemberEdge mobile banking through Share One Inc.’s NewSolutions platform, mobile remote deposit capture through DeposZip from EasCorp’s Vertifi Software operation and personal financial management software from Geezeo Inc.
The company also added five new employees to its Client Services and Support teams and created a new department to focus on enterprise solutions.
WRG marked its 10th anniversary in 2012.