A new e-statement module is saving the $116 million North Shore Federal Credit Union in Grand Marais, Minn., about $900 a month, said the credit union's online banking vendor, AgilityFour of Dandridge, Tenn.
The solution pulls the information from the core system, bypassing the need for third-party providers, the company said. "We've already recouped the cost of the module in four months," said Mark Summers, president of the 8,100-member North Shore FCU.
North Shore is one of 16 users of the startup's AgilityWeb online banking solution. Members who haven't signed up for e-statements see a list of available statements on their screen, which encourages them to sign up for the automated service, the company said.
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