Eltropy, “The Best* text messaging-based platform for Credit Unions according to CUNA,” announces it has signed 12 new customers since the beginning of June.
“The array of asset sizes and locations of our new customers once again shows Eltropy’s commitment to the industry and the value of our world-class product for a variety of Credit Unions,” Ashish Garg, CEO and co-founder of Eltropy, said. “With the chaos surrounding the Covid-19 pandemic still persisting, Eltropy’s solution has become a must-have for Credit Unions to provide members with the best service and overall experience.”
New Credit Union customers include:
Acclaim Federal Credit Union - $47.6M AUM
Department of Corrections Credit Union - $84M AUM
CorePlus Credit Union - $232M AUM
Dawson Co-op Credit Union - $185.8M AUM
Firefighter's and Company Federal Credit Union - $77.6M AUM
Holyoke Credit Union - $205.4M AUM
Kansas Blue Cross Blue Shield Credit Union - $40.3M AUM
Mid American Credit Union - $315.7M AUM
Park Manor Christian Church Credit Union - <$1M AUM
Pocatello Simplot Credit Union - $30.8M AUM
Spokane Teachers Credit Union - $3.29B AUM
Tennessee Valley Federal Credit Union - $1.59B AUM
Eltropy is hopeful this strong momentum will continue and anticipates increased demand for its Text Messaging platform especially for loss mitigation. Due to a large percentage of Credit Unions providing its members delays on repayments as a result of Covid-19, many of these deadlines are quickly approaching, if they haven’t already. Text Messaging is 40 times more effective than phone calls for both early and late-stage collections, making Eltropy’s secure and compliant solution an attractive tool to implement.
“Our members who would never pick up our collections calls opened their hearts to Text,” said existing Eltropy customer Shawn Spratte, vice president of collections at Canvas Credit Union. “I continue to be blown away with how effective Text Messaging is for loss mitigation.”