October of opportunity: Eltropy signs six significant contracts
Wins include several large Credit Unions deals
MILPITAS, CA (November 3, 2020) — Eltropy, “The Best* Text Messaging-based platform for Credit Unions,” announces it has signed six new deals since the beginning of October.
“October brought in significant ARR for Eltropy,” said Ashish Garg, founder and CEO of Eltropy. “We continue to prove that we offer the best product and service for small, tight-knit Credit Unions all the way up to multi-billion dollar institutions. Our team looks forward to bringing Text Messaging to all Credit Union employees and members.”
New Credit Union contracts include:
- Crane Credit Union – $699.9M AUM
- Greater Hartford Police Credit Union – $28M AUM
- Metropolitan District Employees Credit Union – $26.3M AUM
- Patelco Credit Union (Pilot Program to Renewal) – $7.95B AUM
- Polish National Credit Union – $644.5M AUM
- Redstone Federal Credit Union – $6.1B AUM
Patelco Credit Union recently completed a one-year pilot program and realized the immense value of Eltropy’s solution for its employees and members. The renewed contract marks a significant step in bringing Text Messaging to all of Patelco’s 300,000+ members.
“Our initial expectations were to reduce the time from loan approval to loan funding by a few days, but we’re now able to measure that turnaround time in horse in many cases,” said Vince Alinas, vice president of lending at Patelco Credit Union.
CUNA Strategic Services selects Eltropy as the “Best Text Messaging Solution” for Credit Unions.
Eltropy is the industry’s first AI-driven l conversations platform for community financial institutions (CFIs). Its AI-driven communications tools empower CFIs to communicate, automate, improve operations and engagement, and increase productivity across the institution – all while maintaining the highest standards of security and compliance. Using Eltropy's platform, CFIs can connect with their consumers anytime, anywhere via text, video, secure chat, co-browsing, screen sharing, and chatbot technology — all integrated into a single platform. For more information, please visit eltropy.com.