Technology Credit Union Streamlines New Account and Loan Processing with DocuSign eSignature Services
Silicon Valley Credit Union Increases Member Satisfaction and Cuts Red Tape with DocuSign
Seattle - July 13, 2010 – DocuSign®, leading provider of the most trusted eSignature platform, today announced that Technology Credit Union selected DocuSign to securely expedite the establishment of new member accounts and accelerate the loan signing process online. By using DocuSign to securely automate the establishment of new accounts and finalize consumer and real estate loans, Tech CU will increase member satisfaction, streamline workflows and reduce the time to activate member accounts and fund loans."Paperless transactions are the future," said Michael Luckin, senior vice president of enterprise risk management at Technology Credit Union. "Using electronic documentation makes our processes more efficient and Tech CU saves money on storage and paper costs. It's also better for the environment and helps us to meet our green business goals. We chose to partner with DocuSign because they're a leader in eSignature technology in terms of security, product quality and functionality."
DocuSign offers Technology Credit Union members the ability to open new accounts and complete loan documents online from anywhere, anytime safely and securely. Using a PC, laptop or mobile device, Tech CU members can electronically sign and return documents in minutes—not days, thereby significantly reducing the time, environmental impact and cost of traditional paper-based processing.
Credit unions across the country are quickly adopting the DocuSign eSignature service to streamline processes and to ensure compliance with Regulation Z requirements, more commonly known as "Truth in Lending". Financial leaders such as BECU, Alliant, Idaho Central, TTCU, Bellco, University of Illinois and hundreds of other credit unions have migrated to DocuSign to enhance compliance and ensure member satisfaction. For more information on how the DocuSign eSignature service can positively impact credit unions, visit: http://www.docusign.com/credit-unions.
"We are pleased to be partnering with this outstanding financial institution," said Steve King, president and CEO of DocuSign. "We look forward to continuing our work with Tech CU to reduce costs and accelerate the loan signing process, while continuing to provide superior member satisfaction."
Technology Credit Union
Technology Credit Union is a full–service financial institution serving small businesses and individuals who work, live, study or worship in Santa Clara, Alameda, Contra Costa, Santa Cruz, San Mateo and San Francisco counties. Tech CU was started in 1960 and is now among the top 1 percent of the nation's largest credit unions. It is recognized as one of the best managed and strongest financial institutions in the country, as indicated by Tech CU's 5–star rating from Bauer Financial, the nation's largest independent rating service for banks and credit unions. With more than 76,000 members, over $1.4 billion in assets and 10 full–service branches in the Bay Area, Tech CU is a leader in the credit union industry. To learn more about Tech CU, visit www.techcu.com.
DocuSign, Inc. is the global leader in electronic signature. DocuSign provides the world's largest and fastest growing electronic signature platform, empowering businesses to complete transactions online quickly and securely while improving compliance and dramatically reducing costs.
DocuSign is the only cloud computing-based electronic signature platform that entirely replaces slow, expensive paper transactions with a fast, efficient and completely digital solution. Accessible from any Internet-connected device, DocuSign supports virtually any document and form type in simple and complex workflows, and provides broad user authentication options, data collection, secure document/data storage and retrieval, as well as real-time negotiation and collaboration tools.
DocuSign employs the industry's only multi-site enterprise class, SAS-70 data centers delivering 99.9% uptime for customers over the last four years. With more than 8 million unique signers processing millions of transactions per year, DocuSign is trusted by more people, more companies, more times than any other electronic signature provider in the world.
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