Blue Federal Credit Union partners Cotribute for digital account opening platform
Blue Federal Credit Union has tapped US fintech Cotribute for its digital account opening platform.
Blue Federal Credit Union partners Cotribute
The Cheyenne, Wyoming-based credit union says it turned to the fintech to “simplify the account opening process” and help grow its membership, which it says currently stands at more than 115,000 members across Wyoming and Colorado.
Cotribute says it was able to launch digital account opening for Blue’s customers “in just 30 days”, with the platform designed to optimise deposit growth and the experience of new and existing members.
In addition to this, the credit union also leveraged the partnership to launch its inner development goals (IDG) platform, which it says enabled a year-long strategic product release to be salvaged.
Describing the collaboration as “lifesaving”, Kent Richard, chief information officer at Blue, reveals that the credit union previously endured a “critical setback” with a former vendor which he claims was unable to fulfil its technology promises.
Richard says Cotribute was able to “blend speed and professionalism under the tightest of deadlines”.
Founded in 2014 and based in Anaheim, California, Cotribute offers a range of customer acquisition, data analysis and loan origination solutions for banks and credit unions specifically.
Speaking on its latest partnership, Philip Paul, CEO of Cotribute, adds that the company hopes to drive the credit union’s rate of technology innovation and growth while enabling it to “better meet its members where they are”.
