Technology Credit Union has committed to using electronic signature technology from DocuSign for online new member accounts and loan signings, the company and credit union said.
The $1.4 billion San Jose, Calif.-based credit union will be one of about 60 credit unions using the services of Seattle-based DocuSign.
Tech CU said the Web-based electronic signature solution will reduce the time it takes to activate member accounts and fund loans, thus increasing member satisfaction.
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"Using electronic documentation makes our processes more efficient and Tech CU saves money on storage and paper costs," said Michael Luckin, the credit union's senior vice president of enterprise risk management.
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