In place at 624 credit unions is some form of remote deposit capture that allows members to deposit checks from any location using a desktop scanner, high-speed scanner or mobile smartphone camera.
Vertifi Software LLC said it has now processed more than $1 billion in remote deposits since Eastern Corporate Federal Credit Union’s technology arm was launched in 2009.
More CUs sign on for remote deposit technology.
Two long-time staffers with commercial loan underwriting CUSO Octant Business Services LLC have seen their roles changed.
Vertifi Software attributes rapid growth in deposits to mobile adoption.
More than 100,000 credit union members are now using Eastern Corporate Federal Credit Union's remote deposit capture service for homes and businesses, the corporate said.
Five more credit unions have signed up for remote deposit capture services from Vertifi Software, a subsidiary of Eastern Corporate Federal Credit Union in Burlington, Mass.
Nearly four years after the initial stock purchase, ALM First Financial Advisors LLC, a credit union financial advisory firm, said it has returned to a privately held, wholly owned status.
With a vested stake in nearly a dozen CUSOs, Workers' Credit Union has tried, tested and proven theories on why it makes operational sense to extend its reach in several directions.
Remote deposit capture adoption continues apace in the credit union industry.