DeposZip

DeposZip® Surpasses $300 Million in Deposits

Burlington, Mass., Jan. 7, 2010 – Eastern Corporate Federal Credit Union (EasCorp) announced this week that its proprietary remote deposit capture service for consumers and businesses, DeposZip, surpassed $315 million in deposits since the program’s inception in 2008. The total consisted of 291,098 deposits.

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Perfect Timing: Randolph Brooks FCU's rebate checks key to successful launch of consumer remote deposit

Burlington, Mass. and Universal City, Texas, Jun. 4, 2009 – Timing is everything. For Randolph Brooks Federal Credit Union, launching the at-home remote deposit check capture service DeposZip™ just happened to coincide with the mailing of members’ annual debit card rebate checks in February.

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Interest and Momentum Keeps Growing for DeposZip™

Burlington, Mass., Apr. 9, 2009 – DeposZip is growing the number of credit union members able to make deposits from their homes or small businesses. The popular consumer service has added eight additional credit unions.

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DeposZip™ Adds Robust Enhancements in Version 3.0

Burlington, Mass., Mar. 17, 2009 – DeposZip, the nation’s first commercially offered consumer and business remote deposit-capture service, has launched its new Version 3.0, with enhancements that include sophisticated fraud-detection tools and advanced analytics.

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Building on momentum of 2008, DeposZip starts new year strong

Burlington, Mass., Jan. 12, 2009 – With a successful year of growth behind it, DeposZip’s momentum isn’t slowing in 2009. The nation’s first commercially offered consumer and business remote-deposit-capture service, launched in 2007, began gaining momentum in early 2008. DeposZip ended the past year with more than 87,000 items deposited. Collectively, deposits totaled $76 million, with an average deposit value of $1,151. Throughout the year, the number of active credit union members grew by 24 percent each month.

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Three More Credit Unions to Offer DeposZip™, Including Billion-Dollar Truliant

Burlington, Mass., Nov. 13, 2008 – GFA Federal Credit Union, based in Gardner, Mass., with $250 million in assets; MIT Federal Credit Union of Cambridge, Mass., with $235 million in assets; and Truliant Federal Credit Union in Winston-Salem, N.C., with $1.2 billion in assets have selected DeposZip for consumer and business remote-deposit capture service. This brings the number of credit unions using DeposZip to 26 nationwide, including six with more than $1 billion in assets.

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Two New DeposZip Users

Burlington, Mass., Sep. 29, 2008 – Metro CU of Chelsea, Mass., ($717 million) and Air Academy FCU of Colorado Springs, Colo., ($385 million) have both selected DeposZip as their remote deposit-capture service provider.

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Forum CU, Johns Hopkins FCU, and USAlliance FCU Choose DeposZip

Burlington, Mass., Sep. 4, 2008 – Three more credit unions have joined the growing list that have selected DeposZip, the nation's leading remote-capture service for consumers and businesses: Forum Credit Union, an Indianapolis-based institution with $1.1 billion in assets; John Hopkins Federal Credit Union, based in Baltimore with $250 million in assets; and USAlliance Credit Union in Rye, N.Y., which has $680 million in assets.

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DeposZip and FSCC Shared Branching Team Up to Enhance and Expand Usage

Burlington, Mass. and San Dimas, Calif., Sep. 2, 2008 – Eastern Corporate Federal Credit Union (EasCorp) and Financial Service Centers Cooperative, Inc. (FSCC) are joining forces to automate select DeposZip back-office, deposit-transaction activities. Now, DeposZip, EasCorp’s remote-capture service that lets credit union members submit checks right from their desktops, will be able to post those transactions live.

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DeposZip opens door to more credit unions and their members—V2.0 enables Firefox PC, Firefox and Safari Mac users to deposit from home or office

Burlington, Mass., Aug. 26, 2008 – DeposZip, which enables credit union members to make deposits right from their desktops, has developed enhancements that appeal to a broader range of users. Launched by Eastern Corporate Federal Credit Union (EasCorp) last fall, DeposZip now offers Mac and Firefox users the ability to take advantage of the popular check-image capture service.

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Wright-Patt CU selects DeposZip™ for Consumer Remote Capture

Burlington, Mass., Aug. 26, 2008 – Since the Check 21 legislation became effective in 2004, it has been on the minds of many credit unions – including $1.4 billion Wright-Patt Credit Union in Fairborn, Ohio. Wright-Patt is the 18th credit union to sign on with DeposZip, representing DeposZip’s fourth credit union with more than $1 billion in assets.

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Randolph-Brooks FCU to offer DeposZip Consumer Deposit Solution

Burlington, Mass., April 25, 2008 – Randolph-Brooks Federal Credit Union in Live Oak, Texas, has selected DeposZip for its consumer/small-business remote capture service. The $3 billion Credit Union says it chose DeposZip because of its superior features and security, as well as the level of service provided by the DeposZip staff.

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EasCorp’s first-of-its-kind consumer deposit service – “DeposZip” – goes live

Burlington, Mass., Nov. 5, 2007 – Sharon Credit Union in Sharon, Mass., and Hanscom Federal Credit Union in Bedford, Mass., went live at the end of October with DeposZip, Eastern Corporate Federal Credit Union’s (EasCorp) new consumer deposit-capture service, which was first piloted in mid-summer. DeposZip enables consumers to transmit their checks electronically right from their own homes.

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EasCorp introduces credit union Consumer Deposit Capture program First-in-the-nation service is geared to individual and small-business members

Burlington, Mass., Aug. 1, 2007 – Eastern Corporate Federal Credit Union (EasCorp) announced it is piloting a new Consumer Deposit Capture program, which allows consumers and small businesses to electronically scan checks and send them to their credit unions for collection. Any member who is pre-qualified, and has access to online banking and a home desktop scanner can use the new service.

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