October of Opportunity: Eltropy Signs Six Significant Contracts

Wins include several large Credit Unions deals

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Eltropy, “The Best* Text Messaging-based platform for Credit Unions,” announces it has signed six new deals since the beginning of October. 

“October brought in significant ARR for Eltropy,” said Ashish Garg, founder and CEO of Eltropy. “We continue to prove that we offer the best product and service for small, tight-knit Credit Unions all the way up to multi-billion dollar institutions. Our team looks forward to bringing Text Messaging to all Credit Union employees and members.”

New Credit Union contracts include:

Crane Credit Union$699.9M AUM
Greater Hartford Police Credit Union$28M AUM
Metropolitan District Employees Credit Union$26.3M AUM
Patelco Credit Union (Pilot Program to Renewal)$7.95B AUM
Polish National Credit Union$644.5M AUM
Redstone Federal Credit Union$6.1B AUM

Patelco Credit Union recently completed a one-year pilot program and realized the immense value of Eltropy’s solution for its employees and members. The renewed contract marks a significant step in bringing Text Messaging to all of Patelco’s 300,000+ members. 

“Our initial expectations were to reduce the time from loan approval to loan funding by a few days, but we’re now able to measure that turnaround time in horse in many cases,” said Vince Salinas, vice president of lending at Patelco Credit Union.

* CUNA Strategic Services selects Eltropy as the “Best Text Messaging Solution” for Credit Unions

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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.

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