University of Illinois Employees Credit Union Makes the Grade with DocuSign eSignature Service
DocuSign to Streamline Online Document Signing Process for Growing Financial Institution
Seattle – June 22, 2010 – DocuSign®, provider of the world's most trusted SaaS-based electronic signature platform, today announced that the University of Illinois Employees Credit Union has selected DocuSign to securely expedite the submission of member documents. UIECU selected DocuSign to streamline time-consuming and costly paper-based document signing process. By moving to an online system, DocuSign will help UIECU streamline workflows, reduce document cycle time and enhance member satisfaction.UIECU's traditional paper-based signing process was not cost effective, consisted of multiple steps, consumed considerable time and was inconvenient for remote members. In addition, documents would need to be re-mailed or faxed each time a member returned an incomplete package, adding time and expense to the process. UIECU wanted a cost-efficient and more streamlined process for their growing membership.
"We looked at e-signing to increase efficiencies and to enhance member convenience. We quickly realized that DocuSign would best accommodate our growing needs, while serving our membership with an easy-to-use and secure electronic signature service," said Greg Anderson, senior vice president and chief operating officer of University of Illinois Employees Credit Union. "After examining DocuSign's functionality, it was easy to see why DocuSign is the standard. We're confident that the efficiencies we attain using DocuSign will help us continue to provide the highest level of service to our membership."
DocuSign PowerForms will significantly reduce the time, environmental impact and cost of UIECUs traditional paper-based document processing. Plus, DocuSign's Designed for Mobile anywhere, anytime convenience provides safe and secure online signing. Using a laptop or mobile device, UIECU members can electronically complete, sign and return credit union documents in one step in minutes. DocuSign will complement the high quality of service UIECU members have come to expect.
"DocuSign is pleased to be partnering with UIECU as they join hundreds of other forward-thinking financial institutions leveraging technology to enhanced services," said Steve King, president and CEO of DocuSign. "We look forward to continuing our partnership with UIECU to reduce costs and accelerate the document signing process, while continuing to provide unsurpassed member satisfaction."
Credit unions across the country are quickly adopting the DocuSign eSignature platform to streamline processes and to ensure compliance with Regulation Z or also known as "Truth in Lending" effective July 2010. Financial leaders such as BECU, Alliant, Idaho Central, TTCU, Bellco, McGraw-Hill and hundreds of other credit unions are migrating to DocuSign, the most trusted eSignature platform available. DocuSign is proven to increase productivity, reduce costs, enhance member satisfaction and improve business processes. For more information on how the DocuSign eSignature platform can positively impact credit unions, visit: http://www.docusign.com/credit-unions.
University of Illinois Employees Credit Union
The U of I Employees Credit Union was founded in 1932, and today serves the University of Illinois community and anyone who lives or works in Champaign County. As a not-for-profit, member-owned financial cooperative, the U of I Employees Credit Union's vision is to Celebrate Campus and Community Through Quality Financial Service. The credit union serves more than 36,000 member-owners at its four locations in Champaign-Urbana and on the Web at www.uiecu.org. For more information call (217) 278-7700 or visit http://www.uiecu.org.
About DocuSign, Inc.
DocuSign, Inc. is the leading provider of on-demand software services for electronic signature. DocuSign empowers individuals, small businesses and global enterprises to operate faster and more efficiently, with greater profitability, enhanced security and compliance. DocuSign is the only Web-based service to securely automate and control the entire electronic document signing process. DocuSign employs the SaaS eSign industry's only enterprise class SAS-70, fully redundant data center delivering 99.993% uptime for customers over the last 32 months. To date, more than 79 million signature events have been executed using DocuSign. In addition, DocuSign is the official and exclusive provider of e-signature services for the National Association of REALTORS® 1.1 million members, under the REALTOR Benefits® Program.
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