A NEW GENERATION OF FINANCIAL SERVICES FOR IRISH CREDIT UNION CUSTOMERS

30 August 2012

Irish credit union members can now enjoy an extended range of financial services, following the launch of a new suite of software products for the credit union industry today.

Wellington IT, a leading supplier of advanced banking software solutions for Irish credit unions, has officially launched its ‘CU’ range of products, which includes online banking, an iphone/android app, ATM facilities, automated SMS alerts and now same day payments clearing throughout the Single European Payments Area.

The new services mean that Irish consumers now have a real alternative option to Irish banks in their local credit union, a long established and trusted financial institution used by nearly 3 million people in Ireland.

The cuOnline banking functionality and cuAnywhere smartphone app give customers access to their accounts from anywhere in the world, allowing them, for the first time ever, to transfer money, check balances and communicate directly with their local credit union.Additional functions such as same day payments clearing actually put credit unions at the forefront relative to some banks, which often still take up to three working days to process cheque lodgements, transfer wages and other payments between financial institutions.

Some credit unions have also adopted Wellington’s ATM and debit card functionality, which allows customers to use their Credit Union Debit card to pay for purchases in retail outlets as they would with any regular debit card.

Sean Murray, manager of Naas Credit Union in Kildare, one of Ireland’s largest credit unions said “We are delighted to be able to offer our customers this new suite of products from Wellington IT. Not only does it improve our service offering to existing customers, but it is helping us to generate new members who would not have considered a credit union as a viable alternative to a bank previously. The launch of the CU products heralds a new era for credit union members at a time when it is needed most. We are very pleased to be one of the champions of the CU revolution!”

Alex Dunne, Managing Director of Wellington IT added “We have been working with credit unions for over 20 years, and our suite of products leverage the very latest technologies. Easy to use, inexpensive and convenient, our aim is to help our customers to grow their membership numbers by offering the services that consumers are now demanding, in their local town or city. And we’re not stopping there; our development team is continuing to look at new and innovative ways to assist credit unions in serving their membership well into the 21st century.

Wellington IT has been gradually rolling out their new suite of services to a number of credit unions over the past few months with huge success. Wellington IT already provides IT services to credit unions throughout the country, engaging with credit unions of all sizes to implement new products and services for members.Established in 1983, Wellington IT is one of Ireland's longest established IT/software solution providers in the country.

The company began by producing computer software for the Drinks Industry and can now number among its clients some of the most prestigious Drinks Companies in Ireland. The company diversified into credit unions in 1990 and today supplies over 40% of the top 50 credit unions in Ireland offering a wide range of services from SMS text messaging to full EFT online and mobile banking facilities.

More information on Wellington IT’s range of services available to credit unions is available from www.well-it.com.