New England Federal Credit Union Selects PSCU Financial Services & mFoundry for Mobile Banking

WILLISTON, VT – September 15 , 2009 – Vermont-based New England Federal Credit Union (NEFCU) announced that they have selected PSCU Financial Services and mFoundry to deliver mobile banking to their more than 70,000 members. With over $720 million in assets, NEFCU is the largest credit union in the state of Vermont. 

Mobile banking will enhance the ability of NEFCU’s members to access their financial information where and when they need it. It makes banking even more convenient for NEFCU members who are increasingly using their mobile phones to manage personal data.

The mobile banking solution from PSCU and mFoundry incorporates speed, simplicity and high levels of security.  It eliminates costly implementation processes by tapping into existing connectivity with multiple data sources. The solution includes comprehensive 24/7 support by contact center service representatives as well as turnkey marketing support to stimulate member adoption.

“Mobile banking is yet another easy and convenient service that we are happy to offer to our members,” said John Dwyer, President/ COO at NEFCU. “Our members are increasingly choosing to use remote channels such as PC Banking and call centers to access their accounts and manage their finances. This mobile banking solution met our standards for reliability, security and ease of use.”

“NEFCU is one of the most innovative financial institutions in Vermont, and we look forward to bringing new features and services to their member base,” said John Pembroke, Chief Marketing Officer of PSCU Financial Services. “With this product NEFCU members will have access to their share, checking and loan balances plus transaction histories. Our mobile solution enables funds transfers within credit union accounts and provides ATM search functionality.  We know that we need to keep the product fresh and as such are continually working with mFoundry to ensure our mobile banking solution leads the market in features and functionality.”

“We have seen great traction in the credit union market this year and we are proud to work with PSCU to provide a mobile banking solution specifically tailored for credit unions.,” said Drew Sievers, CEO and co-founder of mFoundry. “We look forward to launching NEFCU’s mobile banking application and anticipate strong adoption from their members.”