FI Spotlight: Veridian Credit Union

Hesitant to adopt mobile banking? One credit union has shown that if you offer it, they will come.

Veridian Credit Union in Waterloo, Iowa introduced mobile banking this past August. The institution already boasted a 153,000 user online banking community, which conducted 1.4 million online transactions in 2010.  In the first five months of mobile banking adoption, the credit union saw 6,000 members using the new service.

Mobile banking isn’t the only service that Veridian offers to give customers a more robust banking experience. Veridian CU’s service organization, The Veridian Group, is hoping to add personal payments to their, and participating credit unions’, roster of services through a person-to-person (P2P) partnership with The Members Group and Dwolla.

Veridian CU

 

 

 

 

 

 

Read the full Credit Union Magazine article here.

Does your financial institution offer mobile banking? If not, what are the biggest issues you foresee with mobile adoption? Let us know in the comments below.

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