Wescom Resources Group Experiences Another Strong Year In 2006
1/16/2007
Significant achievement include second consecutive year of 35 percent revenue increase, more than three million ATM deposits, and 180 percent growth in Bill Pay volume
Wescom Resources Group (WRG) experienced another year of significant growth in 2006 with increased revenue and continued demand for its software products and services within the credit union industry. As a result, WRG’s revenue increased 35 percent for the second consecutive year and the technology CUSO began serving 14 new credit union clients, bringing the total to 93.
Other significant achievements for 2006:
- WRG processed more than 3.4 million Bill Pay payments during 2006, a volume increase of 184 percent.
- ATM Deposit Balancing volume grew approximately 18 percent, bringing its total volume to just over three million deposits processed in 2006.
- Product highlights included the successful launch of its Multi-factor authentication process on WRG’s Home Banking solution – with 11 clients now in the implementation process.
- 100% of client contracts for maintenance and support services were renewed in 2006.
"To once again grow by 35 percent is excellent performance for our CUSO and indicative of the industry’s continued demand for proven technology to better serve credit union members," said Kevin Sarber, president of Wescom Resources Group. "There is a real need for technology solutions that serve credit unions of all sizes. And our performance last year demonstrates that we are fulfilling our clients' and their members' needs. We’re looking forward to continued growth of WRG in 2007."
About Wescom Resources Group
Backed by Wescom Credit Union, one of the nation’s largest credit unions, with $3.6 billion in assets and serving more than 283,000 members, Wescom Resources Group (WRG) provides credit unions with reliable, competitive and timely software solutions and services. With more than 90 credit union clients, WRG is a leader in innovative technologies for the financial industry. Services include Symitar (Episys™) Hosted Service Bureau Processing, ATM Deposit Balancing, Item Processing and Disaster Recovery Services. Software Solutions include Home Banking with Multi-factor Authentication & Bill Pay, Automated Lending Solution, eStatements, eAlerts, Online Membership Application, and more. WRG provides credit unions with all the benefits of today’s technology, leaving financial institutions free to focus on their core financial offerings. For more information, visit www.wescomresources.com.