CU Business Capital and Postilion, a leading global provider of integrated solutions for self-service banking and payment processing and a division of S1 Corporation (Nasdaq: SONE), announce the signing of a new credit union client: Premier Federal Credit Union based in Greensboro, NC.
Premier Federal Credit Union is leveraging the marketing relationship established last year between CU Business Capital and Postilion to deploy online member business services.
The small business market represents a tremendous opportunity for credit unions, with 25.8 million small businesses in the US accounting for 60 to 80 percent of net new jobs over the past decade, according to the US Small Business Administration. Credit unions are well poised to expand their services and build member loyalty, as well as improve overall profitability by providing member business services. Postilion and CU Business Capital together provide a complete business services program to help credit unions expand membership and asset growth with solutions like Postilion's Online Member Business Services solution, and CUBC's remote deposit capture.
"As a credit union that services businesses, we must be able to deliver robust services and applications that will enable our members to oversee all aspects of their business, including managing their cash flow online," said Willie Combs, CEO, Premier Federal Credit Union. "The Postilion Online Member Business Services solution allows us to deliver an application that ensures our business members have an exceptional online experience. Furthermore, we are able to leverage our relationship with CU Business Capital to deliver a complete suite of business services to our members."
"We are pleased that Premier Federal Credit Union has chosen Postilion to deliver online member business services," said Pierre Naude, General Manager, Postilion Americas. "Offering a complete member business services package is an important differentiator for credit unions. Our partnership with CU Business Capital enables credit unions to quickly take to market a complete online banking solution that allows member business owners to gain greater control over their finances, and helps credit unions to tap into the growing business services revenue opportunity."