CU*Answers Imaging Solutions in partnership with Virtual StrongBox, Inc. announced 1st Street Credit Union (Sarasota, FL) as the winner in their “My Virtual StrongBox Dash for Cash!” contest. The contest ran for one year from October 1, 2017 until September 30, 2018, with a prize of $1000, and measured participating credit unions’ percent increase in adoption of “virtual strongboxes” by members. A Virtual StrongBox is an online repository for members to place personal documents in, as well as a secure location for credit unions to place documents for the member such as e-receipts and loan forms. Documents in the member’s virtual strongbox can easily and securely be shared and managed by the member. Available inside of online banking, access for members is provided in a familiar location.
John Beauchamp, VP of CU*Answers Imaging Solutions commented: “This was a great contest that motivated credit unions to sharpen their skills with the tools necessary to work with remote, on the go members. It was fun to watch as credit unions competed, collaborated and learned to earn from these tools. I think many credit unions for the first time began monitoring their activity in this area and it was insightful to them.”
President/CEO of 1st Street Arthur Hart added: “Our team has been working very hard on this initiative. We will be treating the team to a steak dinner at a local steakhouse for all their hard work! We must not forget however, our members are the real winners as they enjoy the convenience of these services.”