Credit unions using eCU Technology's ORIGINS™ Suite, which offers complete mobile-first membership, consumer loan and business deposit applications, experienced a significant increase in completed applications this summer.
Despite the uncertainty of COVID-19, one of eCU Technology's credit union partners saw their digital business applications grow more than five-fold with a 507% increase in completed business applications in July 2020 compared with July 2019. In August 2020, the positive trend continued with a growth rate of 577% compared to August 2019 completed business application volumes.
As credit unions continue looking for new ways to serve local businesses, there is an opportunity for the industry as a whole to increase their market share by putting more robust digital applications like ORIGINS™ in place.
“ORIGINS™ was designed to help community financial institutions of all sizes compete and win in the digital space. We're uniquely positioned to assist credit unions and community banks with modern, agile technology to drive growth and better serve potential business members,” says Larry Hayes, eCU Technology’s President.
Interested credit unions are encouraged to request a demo and learn more about how to enhance their digital applications. More information about the ORIGINS™ Suite, powered by eCU Technology, may be found online at www.eCUtechnology.com.