HOUSTON—eCU Technology is reporting credit unions using its ORIGENS Suite experienced a significant increase in completed applications submitted through the mobile channel over the summer.
According the company, CUs running its ORIGINS Suite, which offers complete mobile-first membership, consumer loan and business deposit applications, saw their digital business applications grow 507% increase in completed business applications in July 2020 compared with July 2019. In August 2020, the trend continued with a growth rate of 577% compared to August 2019 completed business application volumes, the company added.
“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,” eCU Technology said.
“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,” said Larry Hayes, eCU Technology’s president.
For info: www.eCUtechnology.com.