BOULDER, Colo. – The 76,000 members of U of C Federal Credit Union will soon be able to open and fund accounts and move money online using the tools the CU will be deploying from CashEdge. The $671 million CU will be using the Credit Union Suite from New York-based CashEdge (www.cashedge.com). The suite includes instant account opening, new account funding, inter-institution transfer and account aggregation. "Our objective is to become the primary financial portal for all of our members. This relationship is a perfect fit for attaining that goal," says Rich Jones, vice president of marketing at U of C FCU (www.uiofcfcu.com.) Jones says the account opening and funding functions in particular will "have a huge recurring impact on our bottom line. We enroll up to 2,800 incoming college freshmen every year. By directing those members online, we can save ourselves a tremendous amount of time and money." CashEdge now serves more than 200 financial institutions across the country.
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