For The Golden 1 Credit Union in Sacramento, Calif. e-statementsoffer not only a selling point to environment conscious Californiaresidents, but saved the credit union more than $1 million in paperand postage last year.
"Last year our members saved about 60 tons of paper usingelectronic statements. That's the equivalent of two average-sizedgray whales," said Teresa Halleck, president/CEO of The Golden1.
Ron Daly, president/CEO of DigitalMailer said that he estimatesthe nation's credit unions with more than $50 million in assetshave a total of about 12.5 million e-statement users who eachgenerate 50 cents to 75 cents per month in savings. That added upto $75 million a year in industry savings.
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