ATLANTA - CU Business Capital LLC and Postilion, a division of S1 Corp. and provider of integrated solutions for self-service banking and payment processing, have signed two new credit union clients: Rochester, Mich.-based PARDA Federal Credit Union and Poughkeepsie, N.Y.-based TEG Federal Credit Union.
According to a news release, both credit unions are leveraging their marketing relationships with CU Business Capital and Postilion to deploy online member-business services.
According to the U.S. Small Business Administration, the small-business market represents a tremendous opportunity for credit unions, with 25.8 million small businesses in the United States now accounting for between 60 percent and 80 percent of the country's net new jobs over the last decade.
Postilion says credit unions are therefore well poised to expand their services and build member loyalty, while also improving overall profitability, through member-business services. Postilion and CU Business Capital help credit unions expand membership and asset growth with solutions like Postilion's online Member Business Services solution and CUBC's remote deposit capture.
"As a credit union, we know that providing services to our business members is a vital piece of our growth and profitability strategy," said Ron Flaherty, chief financial officer of TEG Federal Credit Union. "The Postilion Online Member Business Services solution enables us to deliver a robust application for business members to manage all aspects of their cash flow online, and further leverage our relationship with CU Business Capital to truly deliver a complete suite of business services."
