Press Release
Advantage Federal Credit Union Chooses CUBUS Solutions' Products
Notification Suite Offers Better Communication and Control for Members
LIVERMORE, Calif., Jan 15, 2011
CUBUS Solutions, a leader in online banking solutions for credit unions, announced today that Rochester, New York-based Advantage Federal Credit Union has chosen the CUBUS Solutions' Member Notifications suite of products, CUStatements, CULetters and CUAlerts, to deliver next generation online banking services to its membership.
Advantage Federal Credit Union has 18,000 members and $152 million dollars in assets. They selected the CUBUS Solutions products as it continues to expand its online channel as a crucial area of ongoing growth, delivering expanded services to its membership.
"Our members want the convenience of electronic service delivery and the credit union saves money in providing these services. CUAlerts will provide more member information as well as help enhance AFCU's debit card security. These are just a few reasons why CUBUS has become a key aspect of our overall delivery strategy," said Jeffrey Bocach, President and CEO, Advantage Federal Credit Union. "We believe that offering better online tools to our members helps them better manage their financial lives and is a great way to expand the depth of our relationship with them."
A recent survey by the American Bankers Association shows that for the second year in a row, most bank customers (36 percent) prefer to do their banking online compared to any other method. Last year, 25 percent of customers favored online banking. With such a dramatic shift in consumer interest, financial institutions are giving greater consideration to their online strategies.
"Our notification product suite lets credit unions create efficiencies, communicate better with their members and lets members take more control of managing their finances," said John-Ashley Paul, CEO, CUBUS Solutions. "In addition to the functional benefits of these products, they also drastically reduce paper costs, saving credit unions thousands of dollars and reducing their carbon footprint."
CUStatements is an electronic statement management system that supports month-end, credit card, mortgage and tax statements in easy to use PDF format. CUStatments lets members view several years of statement history online, increases e-statement efficiency with integrated email bounce managements and saves thousands in paper cost.
CULetters is an electronic letter generator and delivery system that sends members institutional and custom letters by email. Highly adaptable, the system enhances the quality, speed, generation and delivery of communication with members and also reduces paper costs exponentially.
CUAlerts delivers timely and convenient member account status information and empowers members to automatically receive critical alerts when their account crosses specified thresholds.
All three products will be incorporated into the Advantage Federal Credit Union's core banking system.
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About CUBUS Solutions
CUBUS Solutions, headquartered in Livermore, CA, is a software company that provides expert cost-saving and green business applications to Credit Unions helping them better serve and retain their members through innovative service offerings, more efficient and cost-effective operations, and creative membership programs. The company has a suite of software solutions specifically for Credit Unions which additionally include Member Notifications, Points Management and Loyalty Checking solutions. CUBUS Solutions, which is privately held, was founded in 2006 by a group of long time industry professionals who previously worked as a team at a well-known Credit Union core system provider. For more information visit www.CUBUSSolutions.com.