The $79 million South Bay Credit Union in Redondo Beach, Calif., has become the 20th owner of eDoc Innovations, the Middlebury, Vt., CUSO announced this week.
South Bay is among the more than 400 credit unions using eDOC Innovations’ electronic document, workflow and Check 21 solutions, the CUSO said.
“One of our key objectives is to improve efficiency, and we see document imaging as an important part of our more efficient business model,” said Jennifer Oliver, South Bay’s CEO.
“It makes sense to us to invest in a partnership for our future success and to ‘walk the talk’ in a cooperative model,” said Oliver, who’s also a board member for CU*NorthWest, another CUSO in the cuasterisk network affiliated with core processor CU*Answers in Grand Rapids, Mich.
“The cooperative business model enables credit unions to build technology together that is relevant for the business needs of the credit union. It gives ultimate control to the credit union,” said Bret Weekes, president/CEO of eDOC Innovations.