Technology a Must for Business Members
The brutally honest feedback from a recently assembled focus group of small business owners revealed most of them won’t even consider aligning with a financial institution if there isn’t a robust suite of online banking and technology services.
In other words, having the right types of technology tools that would allow business owners to check balances, transfer funds, capture remote deposits, manage cash and originate ACH transactions could potentially sway entrepreneurs to move all their accounts to a credit union.
On the lending side, DataSafe provides all of the automation for the setup of multiple loans, lines of credit, term loans, real estate loans, participation loans, and SBA loans.
“We’re constantly looking for new features to bring to the marketplace to help credit unions run more efficiently,” Miller said. “Commercial was one of those areas that we thought would offer benefits.”