SOUTH BURLINGTON, Vt. (1/21/14)--The Association of Vermont Credit Unions now offers a mobile check deposit app, powered by its business partner Vantiv.
Granite Hills CU, with $35 million in assets, Barre, Vt., is the first credit union to offer the app, which works on both iPhone and Android devices and allows members to deposit checks by imaging both sides of the check with a mobile device (Newslines Express Jan. 17).
The program is now available as an optional add-on feature for all credit unions on AVCU's CU Card program.
"Unlike traditional mobile deposit capture programs, ours requires only a nominal, one-time setup fee and has no monthly minimums," said Bryan Kent, AVCU vice president. "It's a great way for credit unions to cost effectively offer this rapidly growing, member friendly service."
Credit unions can control which members have access to the program and also have the option to pass usage fees on to the members who use the service. Credit unions are charged based on the number of items members deposit remotely each month.