Andera, a financial software company that simplifies account opening and lending for banks and credit unions, announced that Central Star Credit Union has chosen oFlows, the first totally paperless platform for online account opening and loan applications.
Central Star, headquartered in Wichita, Kansas, opened its doors over 71 years ago with fewer than 50 members and only $126 in assets. The goal of Central Star's founders was simple - to provide low-cost financial solutions for aviation industry employees. Since then, Central Star has grown to thousands of members and $75 million in assets.
"Andera's platform allows us to reduce expenses and yet deliver quality services to our members anywhere, anytime," stated Central Star President Lee Williams.
"With the rapid movement we've seen to online and mobile banking, our ability to be global and mobile is key to our continued success and viability. As our members' financial needs change, we change as well. Andera gives us an additional platform for continuing our member promise of 'exceeding your expectation.'"
Andera CEO Charlie Kroll added,"The retail sales channel is evolving. Consumers want the ability to begin their banking relationships with the same ease and convenience that they have come to expect when buying goods and services in stores and on line. Technology makes that possible, bridging the gap between these consumers' expectations and financial institutions' ability to meet those expectations."
"In moving to oFlows, Central Star Credit Union is anticipating its members' needs by making it easy for them to conduct their banking business from wherever they happen to be and at any time of day or night."