BURLINGTON, Mass. (8/4/11)--Eastern Corporate FCU and its credit union service organization subsidiary, Vertifi Software LLC, announced that 11 additional credit unions have committed to offer DeposZip, a remote deposit capture (RDC) service for households and businesses. Five credit unions have selected DeposZip for both desktop and mobile RDC services, including:
* Florida Central CU, $323 million in assets, Tampa, Fla.; * Nutmeg State FCU, $330 million in assets, Rocky Hill, Conn.; * Partners 1st FCU, $242 million in assets, Fort Wayne, Ind.; * Pen Air FCU, $1 billion in assets, Pensacola, Fla.; and * Suffolk FCU, $875 million in assets, Medford, N.Y.
The DeposZip Desktop and Mobile programs are supported by a common administrative platform, allowing financial institutions to leverage their offerings across multiple deposit channels while managing registrations and risk prevention. Five additional credit unions, each of which offer the DeposZip Desktop version, are adding mobile RDC to their suite of DeposZip services. Those credit unions are:
* Farmers Insurance Group FCU, $593 million in assets, Los Angeles; * GTE FCU, $1.4 billion in assets, Tampa, Fla.; * Service CU, $1.8 billion in assets, Portsmouth, N.H.; * Sharon (Mass.) CU $413 million in assets; and * Vantage CU, $673 million in assets, Bridgeton, Mo.
One credit union, $318 million asset Qualstar CU, Redmond, Wash., recently committed to DeposZip Desktop for its members. In total, 68 credit unions participate in the DeposZip program, including 14 with assets exceeding $1 billion. To date, about 140,000 registered household and business members have deposited more than $1 billion into their credit union accounts through DeposZip--including $170 million through smartphones since the mobile program went live in early 2010.