Surge in Online Membership and Loan Applications
HOUSTON – During March and April, eCU Technology is reporting it saw increased online membership and loan applications for its credit union clients, up as much as 200% for some, compared to the previous year.
eCU Technology said the total number of member applications Origins’ clients processed were 1,631 in March and 2,983 in April, for a total of 4,614. The company added the total number of loan applications origins’ clients processed was 1,633 in March and 1,814 in April for a total of 3,447.
“These numbers are an example of how credit unions are driving business and growth despite challenges presented by COVID-19,” said Larry Hayes, president of eCU Technology. “FIs chose the Origins Suite because it offers applications that are mobile-first, simple for their members to navigate, and fast to complete – averaging five minutes. The results speak to the robust solutions these applications provide. ”
“The suite of digital applications offered by eCU Technology was created to help credit unions of all sizes compete with national financial institutions by offering an unbeatable digital experience,” the company said.