Online Resources Corporation (Nasdaq: ORCC), a leading provider of online financial services, today announced that $1.8 billion asset Tinker Federal Credit Union has signed a multi-year agreement for account opening and lending services.
Tinker Federal Credit Union is the largest credit union in Oklahoma, serving more than 200,000 members including military personnel assigned to Tinker Air Force Base.
Tinker Federal is converting to Online Resources' Account Opening and Lending services to enable existing and prospective members to conveniently apply for new accounts and loans online. Both services streamline processes customized to the Credit Union's terms, including credit and identity verification, and can render instant approval decisions and automated funding. Seamless integration with the Credit Union's core processor eliminates re-keying of data, reducing errors, ensuring consistency and increasing completion rates. Further, these tools introduce a host of up-selling and cross-selling opportunities.
"We chose Online Resources' account opening and lending services because they offer the high level of customization and configurability that we require to provide our members a superb online experience," said Grant Woldum, executive vice president and chief information officer for Tinker Federal Credit Union. "Online Resources' solutions reflect their extensive integration experience and a deep appreciation for providing outstanding member support."
"Tinker Federal Credit Union understands that online account opening and lending are critical components to any new member acquisition strategy, particularly in today's economic environment," said Ronald J. Bergamesca, Online Resources' executive vice president and general manager for Community Bank and Credit Union Services. "With 20 years of experience providing financial institutions with innovative online services, we look forward to helping Tinker expand membership through their Internet channel."
Account Opening and Lending can be implemented as a standalone, best-in-class product for any size financial institution, or as part of Online Resources' Unite Financial Services Suite of comprehensive retail, business and marketing services designed specifically for community banks and credit unions.