PASADENA, Calif.–Wescom Resources Group, a provider of software and technology service solutions for credit unions, reported it generated $11.1-million in annual revenue for 2014, marking the 12th consecutive year of total income growth. As the largest CUSO of Wescom Credit Union, this income heavily subsidizes the continued development and innovation of MemberEdge Online Banking, Mobile Banking, and Service Bureau, the company said.
In addition, WRG reported it finalized agreements with many existing and new clients. Altogether, nearly 100 credit unions use MemberEdge Mobile Banking, and approximately 70 use MemberEdge Online Banking. In 2014, six credit unions signed new multi-year agreements to migrate to WRG’s Service Bureau solution in 2015. The large majority of the Mobile and Online agreements were with pre-existing clients – many of whom entered long-term renewals, WRG said, which noted that among its 2014 innovations were the launch of its Tellergy solution for the Verifone MX 925 platform. In June, WRG also launched MemberEdge Mobile Banking 3.0, an innovative mobile platform that enables hybrid mobile applications to combine native functionality with HTML-5, browser-based content.