Vermont FCU enhances banking experience with Gro Solutions
Vermont Federal Credit Union, a $500 million asset institution, has signed with Gro Solutions to enhance its digital offerings, including streamlined online deposit and loan account opening, reports David Penn at Finovate.
“Our goal is to create a world-class digital experience for our members with products and services that are fast, consistent, personalised, and user-friendly,” says Vermont FCU’s director of business intelligence, Nicholas D. Gallerani. He refers to Gro Solutions’ platform as the embodiment of these principles, adding that the technology will provide the credit union with “the tools essential to create great experiences in the digital realm for our members”.
Vermont FCU plans to introduce the new Gro Solutions-enabled services to its more than 38,000 members in the first quarter of 2019.
Atlanta, Georgia-based Gro Solutions has been on a busy deal-making pace this year, including with Indiana’s Elements FCU ($1.5 billion in assets), PeoplesBank ($1.7 billion in assets) in April, and Congressional FCU ($900 million in assets).
The company has raised $4.3 million in funding to date and includes TTV Capital, BIP Capital, BLH Venture Partners, and Croft & Bender among its investors.
