CetoLogic, a leading provider of coin and currency software and analytics solutions for financial institutions and retailers, announced that Upper Marlboro, Md.-based Nasa Federal Credit Union has chosen CetoLogic's C³ Financial, enabling the credit union to streamline cash management applications.
"NASA Federal Credit Union's philosophy is 'People Helping People,' and in order for us to adhere to this mission and satisfy members' needs, we required a solution that would help us understand their cash demands," said Kristal Ribblett, assistant vice president of branch operations for NASA Federal Credit Union. "Our partnership with CetoLogic enhances our operational efficiencies and allows us to effectively track the movement of the credit union's currency and coin."
Cash is a financial institution's largest non-earning asset, and with C³ Financial, the $1.3 billion asset NASA Federal Credit Union can easily centralize the cash ordering process to the Federal Reserve, as well as increase efficiencies in cash orders and deposits to reduce non-earning cash.
"The forecasting and integration capabilities of C³ Financial enable financial institutions, like NASA Federal Credit Union, to effectively manage all aspects of their cash management process," said David Austin, vice president of CetoLogic. "We're pleased to work with NASA Federal Credit Union and look forward to helping them reach their business objectives of managing cash inventory and creating efficiencies of process."