This Opinion piece looks at e-signatures and digital signatures, the legal and the technical.
They improve member service, speed up the loan process and comply with open-ended lending regulations.
CUNA Mutual Group says 90 trees saved, $10,540 raised in "Go Paperless" campaign.
Integrated Media Management said Tuesday that 50 credit unions in five months have committed to its cloud-based electronic signature solution.
More than 125 electronically signed loan closings a month are now being executed at the $1.1 billion Tyndall Federal Credit Union in Panama City, Fla.
Allowing members to manage their financial products remotely isn’t a luxury for credit unions these days. It’s a necessity. Especially for university-oriented credit unions, whose members are likely to move away from their primary service areas, online and mobile access is a must.
Florida military-based credit union using TotaleAtlasWeb solution from Integrated Media Management.
Seattle-based DocuSign said its electronic signature service is now in place at more than 200 credit unions.
The 8,000 members of the $71 million Members Federal Credit Union in Aurora, Colo., now can sign loan documents by Internet or smartphone.