DocuSign, leading provider of the most trusted eSignature platform, today announced that Technology Credit Union selected DocuSign to securely expedite the establishment of new member accounts and accelerate the loan signing process online.
By using DocuSign to securely automate the establishment of new accounts and finalize consumer and real estate loans, Tech CU will increase member satisfaction, streamline workflows and reduce the time to activate member accounts and fund loans.
"Paperless transactions are the future," said Michael Luckin, senior vice president of enterprise risk management at Technology Credit Union. "Using electronic documentation makes our processes more efficient and Tech CU saves money on storage and paper costs. It's also better for the environment and helps us to meet our green business goals. We chose to partner with DocuSign because they're a leader in eSignature technology in terms of security, product quality and functionality."
DocuSign offers Technology Credit Union members the ability to open new accounts and complete loan documents online from anywhere, anytime safely and securely. Using a PC, laptop or mobile device, Tech CU members can electronically sign and return documents in minutes-not days, thereby significantly reducing the time, environmental impact and cost of traditional paper-based processing.
Credit unions across the country are quickly adopting the DocuSign eSignature service to streamline processes and to ensure compliance with Regulation Z requirements, more commonly known as "Truth in Lending." Financial leaders such as BECU, Alliant, Idaho Central, TTCU, Bellco, University of Illinois and hundreds of other credit unions have migrated to DocuSign to enhance compliance and ensure member satisfaction.
"We are pleased to be partnering with this outstanding financial institution," said Steve King, president and CEO of DocuSign. "We look forward to continuing our work with Tech CU to reduce costs and accelerate the loan signing process, while continuing to provide superior member satisfaction."