October of Opportunity: Eltropy Signs Six Significant Contracts

Wins include several large Credit Unions deals

MILPITAS, CALIFORNIA (November 3, 2020)
Awectober PR
We continue to prove that we offer the best product and service for small, tight-knit Credit Unions all the way up to multi-billion dollar institutions. Our team looks forward to bringing Text Messaging to all Credit Union employees and members.
Ashish Garg
CEO & Founder, Eltropy

Eltropy, “The Best* Text Messaging-based platform for Credit Unions,” announces it has signed six new deals since the beginning of October. 

“October brought in significant ARR for Eltropy,” said Ashish Garg, founder and CEO of Eltropy. “We continue to prove that we offer the best product and service for small, tight-knit Credit Unions all the way up to multi-billion dollar institutions. Our team looks forward to bringing Text Messaging to all Credit Union employees and members.”

New Credit Union contracts include:

Crane Credit Union$699.9M AUM
Greater Hartford Police Credit Union$28M AUM
Metropolitan District Employees Credit Union$26.3M AUM
Patelco Credit Union (Pilot Program to Renewal)$7.95B AUM
Polish National Credit Union$644.5M AUM
Redstone Federal Credit Union$6.1B AUM

Patelco Credit Union recently completed a one-year pilot program and realized the immense value of Eltropy’s solution for its employees and members. The renewed contract marks a significant step in bringing Text Messaging to all of Patelco’s 300,000+ members. 

“Our initial expectations were to reduce the time from loan approval to loan funding by a few days, but we’re now able to measure that turnaround time in horse in many cases,” said Vince Alinas, vice president of lending at Patelco Credit Union.

* 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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