Press Release
Credit Unions Nationwide Look to the Internet As Latest Member Acquisition Channel
PROVIDENCE, RI – January 17, 2005 – Andera Inc. today announced that six more leading credit unions have selected New Accounts Online, the leading Web-based enrollment and account opening solution for the credit union market. American First FCU, Jax FCU, FAA Eastern Region FCU, Coasthills FCU, Communications Family FCU, and General Mills FCU join the growing list of credit unions who have picked Andera’s New Accounts Online to add enrollment, account opening, and initial funding capabilities to their online offerings.
"Our field of membership is distributed across the country," said Melody Hair, Operations Manager for General Mills FCU, "and we are always trying to find innovative ways to make the account opening process easier. Andera provides a streamlined solution that is entirely electronic, ensuring a much better experience to our potential members and saving time and money for the credit union."
While many credit unions today offer their members sophisticated online services like home banking and bill payment, very few credit unions actually offer an automated account opening capability for new and existing members alike.
"It was important to us that any solution integrate seamlessly with our core system," said Brian Thompson, Vice President of Delivery and Technology for American First Federal Credit Union. "Andera’s interface with our Summit core system allows accounts opened online to be set up in real time. That level of automation, combined with funding and instant approvals, made Andera the right choice for us."
With built-in features such as electronic signatures, online funding, integration with Chexsystems and the credit bureaus, cross selling, integration with leading core systems, and regulatory compliance, New Accounts Online provides full support for all aspects of the enrollment and account opening process in one seamless, hosted package.
"Each of these credit unions have several things in common," said Charles Kroll, President of Andera. "They were each looking for ways to grow their membership, streamline operations, and improve member service. We’re pleased to be able to help them achieve those goals."
About Andera
Andera is a leader in online customer acquisition technologies for small- and mid-tier financial institutions. Dedicated to helping banks and credit unions use the Web as a tool for sales and growth, Andera offers a suite of integrated products and services for automated online account opening, funding, and cross-selling. Andera is headquartered in Providence, RI.







