Cotribute successfully launches digital account opening for Blue Federal Credit Union in 30 days
Member of Investopedia's 2023 Seven Best Credit Unions, forms strategic partnership with Cotribute to transform digital banking experiences
ANAHEIM, CA (January 4, 2024) — Cotribute, an award-winning embeddable fintech platform helping credit unions grow deposits, loans and memberships, today announced that it has successfully launched its digital account opening platform for Cheyenne, Wyo.-based Blue Federal Credit Union in just 30 days. Recently honored in a list of Investopedia’s 2023 Seven Best Credit Unions, Blue Federal Credit Union (Blue) with more than 115,000 members turned to Cotribute to implement its Online Account Opening.
Cotribute’s digital account opening platform is designed to help credit unions by optimizing for deposit growth and member experience. Entering into this strategic partnership with Cotribute, Blue is leveraging Cotribute’s platform to simplify the account opening experience for members and to grow membership.
Kent Richard, Chief Information Officer at Blue, said, “Our collaboration with Cotribute has truly been lifesaving. We experienced a critical setback with another vendor who couldn’t deliver on their technology promises, and we turned to Cotribute. Cotribute was able to blend speed and professionalism under the tightest of deadlines. Proving to be an excellent strategic partner, we look forward to scaling new heights together.”
Cotribute not only met the deadline for launching the credit union’s Online Account Opening but also accelerated the launch of their IDG platform within just two weeks from project initiation. The swift implementation allowed Blue to capture additional member deposits and salvage a year-long strategic product release.
Philip Paul, CEO of Cotribute, said, “Many credit unions today are searching for the right partner to advance their digital banking experience and maintain the competitive edge they need. We are thrilled to be part of Blue‘s journey towards innovation and growth. Dedicated to providing seamless, cutting-edge solutions that empower credit unions to thrive in the digital era, we look forward to driving Blue’s technology innovation and empowering them to better meet their members where they are.”
About Cotribute
Cotribute is an award-winning fintech platform that enables profitable revenue and member growth for credit unions. Cotribute’s capabilities include embedded digital account opening, loan application, member onboarding, smart cross-selling, fraud guard+, analytics and SEG/community engagement programs. Cotribute’s clients range from Fortune 500 financial institutions operating across the US to small regional credit unions. Cotribute is built on blazing-fast cloud-based micro-services architecture, is SOC2 Type 2 certified, seamlessly integrates with core systems and is on a mission to deliver beautiful digital experiences to every member.
For more information, visit www.cotribute.com and connect with the company on LinkedIn.
About Blue Federal Credit Union
Blue Federal Credit Union is a not-for-profit financial institution serving eight Wyoming locations and thirteen Colorado locations, as well as members worldwide. Our purpose is to create a true cooperative connected to and inspired by the communities we serve and to help discover new pathways to realize your possibilities. To learn more about Blue, visit www.bluefcu.com.
