Eltropy, a text messaging-based platform that enables credit unions to communicate with members via text, announced it has signed 12 credit unions since the beginning of March. The strong sales momentum has coincided with social distancing measures being put into place nationwide in response to the Covid-19 pandemic.
Ashish Garg, CEO and co-founder of Eltropy, said, “During this unprecedented moment in history, Text Messaging is the best way to remotely stay connected with members and keep business operations running smoothly. Never before has there been such a compelling event to deploy Eltropy’s world class Text Messaging solution to engage with members in a secure, compliant way while delivering exceptional service when members need it most.”
New contracts included credit unions spanning across a variety sizes:
| BCU | $3.92B AUM |
| BRECO Federal Credit Union | $46.4M AUM |
| Central Willamette Credit Union | $338.3M AUM |
| Credit Union of America | $985.5M AUM |
| Fibre Federal Credit Union | $1.15B AUM |
| First Lincoln Federal Credit Union | $24.3M AUM |
| Grasslands Federal Credit Union | $81.4M AUM |
| Greenwood Municipal Federal Credit Union | $42.3M AUM |
| Heritage Grove Federal Credit Union | $115.8M AUM |
| INOVA Federal Credit Union | $458.3M AUM |
| Michigan Schools & Government Credit Union | $2.37B AUM |
| Paducah Teachers Federal Credit Union | $11M AUM |
| Post Office Employees Federal Credit Union | $33.1M AUM |
| Spokane Media Federal Credit Union | $11.4M AUM |
| White River Credit Union | $37.9M AUM |
“Eltropy has consistently proven its commitment to the Credit Union Movement,” said Jenny Jackson, alliance manager at CUNA. “During this uncertain time surrounding the pandemic, Eltropy’s reduced pricing and other special offers have provided credit unions the ability to immediately adopt Text Messaging in response to coronavirus.”
“We have been signing an average of two credit unions a week for the last seven weeks,” said Garg. “Team Eltropy is thankful for its partnership with CUNA and state leagues across the country who have helped accelerate our business by spreading awareness of our product throughout the industry. We look forward to continuing to grow Eltropy’s footprint.”
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About Eltropy
Eltropy enables Financial Institutions to digitally engage in a secure and compliant way. Using our world-class digital communications platform, Credit Unions, Banks, Debt Collectors, Insurance Companies, Lenders and FinTechs can improve operations, engagement and productivity. Eltropy also integrates with IT systems, such as Symitar and Corelation, and uses Analytics to provide engagement insights. For more information about Eltropy, please visit eltropy.com.
