Fun in the Sun: Eltropy Celebrates Another Successful Month

Wins include a wide range of Credit Union sizes and locations

MILPITAS, CALIFORNIA (July 6, 2020)
Eltropy in June
The array of asset sizes and locations of our new customers once again shows Eltropy’s commitment to the industry and the value of our world class product for a variety of Credit Unions
Ashish Garg
CEO and co-founder of Eltropy

Eltropy, “The Best* text messaging-based platform for Credit Unions,” announces it has signed 12 new customers since the beginning of June.

“The array of asset sizes and locations of our new customers once again shows Eltropy’s commitment to the industry and the value of our world class product for a variety of Credit Unions,” Ashish Garg, CEO and co-founder of Eltropy, said. “With the chaos surrounding the Covid-19 pandemic still persisting, Eltropy’s solution has become a must-have for Credit Unions to provide members with the best service and overall experience.” 

New Credit Union customers include:

Acclaim Federal Credit Union$47.6M AUM
Department of Corrections Credit Union$84M AUM
CorePlus Credit Union$232M AUM
Dawson Co-op Credit Union$185.8M AUM
Firefighter’s and Company Federal Credit Union$77.6M AUM
Holyoke Credit Union$205.4M AUM
Kansas Blue Cross Blue Shield Credit Union$40.3M AUM
Mid American Credit Union$315.7M AUM
Park Manor Christian Church Credit Union<$1M AUM
Pocatello Simplot Credit Union$30.8M AUM
Spokane Teachers Credit Union$3.29B AUM
Tennessee Valley Federal Credit Union$1.59B AUM

Eltropy is hopeful this strong momentum will continue and anticipates increased demand for its Text Messaging platform especially for loss mitigation. Due to a large percentage of Credit Unions providing its members delays on repayments as a result of Covid-19, many of these deadlines are quickly approaching, if they haven’t already. Text Messaging is 40 times more effective than phone calls for both early and late stage collections, making Eltropy’s secure and compliant solution an attractive tool to implement.

"Our members who would never pick up our collections call opened their hears on Text," said Shawn Spratte, vice president of collections at Canvas Credit Union. "I continue to be blown away with how effective Text Messaging is for loss mitigation."

* CUNA Strategic Services selects Eltropy as the ‘best Text Messaging solution’ for Credit Unions

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About Eltropy

Eltropy enables Credit Unions to communicate with members over Text Messaging in a secure and TCPA-compliant way. Using Eltropy’s platform, Lending, Collections, Sales, Marketing, Service, Risk Management, Internal Communications and other teams at Credit Unions leverage Text Messaging to boost member engagement and enhance the member experience. Eltropy also integrates with IT systems, such as Symitar and Corelation, and uses Analytics to provide member engagement insights. For more information about Eltropy, please visit eltropy.com.

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