While the ability of credit unions to lure disaffected consumers away from large banks is debatable, Desert Schools Federal Credit Union believes it can use technology to lure small businesses away from the banks they use for transaction processing.
Only 8,500 of its 300,000 members are businesses. To reach a broader range of business clients, the Phoenix-area credit union is planning to implement a web based, centralized payment processing system and broader financial services portal that provides access to payment processing services via any web-connected device.
The CU will also offer a web-based reporting system that provides access to financial and business reports.
What is your Credit Union doing to attract and keep your members?
Read the full article to learn more about how this CU is using new technology.
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