Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Text banking launched at UW CU
MADISON, Wis. (10/14/10)--—UW CU has launched Text Banking, a new online banking feature for its members, the credit union announced Wednesday. Text banking is a free service that allows members to interact with and manage their UW CU accounts using text messages on their mobile phones. Members can perform common banking functions--such as checking balances on their accounts, transferring money between accounts and initiating Money Link--without having to log in to Web Branch, said the Madison, Wis.-based credit union. To use the service, members must have a text messaging (SMS) service and sign up through Web Branch. “We created this system so members can manage their accounts effectively, wherever they go--even if they don’t have Web access,” said Eric Bangerter, director of Internet Services at UW CU. “For instance, in the past, if members received an automatic low balance alert via text message, they had to log in to the Web Branch, either at a computer or with their Web-enabled mobile device with Mobile Banking.” Now, they can text a command to the credit union and transfer funds between accounts, with funds available immediately, Bangerter said. “For many people, it isn’t easy to keep on top of their finances,” said Paul Kundert, president/CEO of UW CU. “We’re providing this tool so people can check balances and transfer funds wherever they go.”


RSS print
News Now LiveWire
.@CFPB today finalized changes 2 remittance rule, proposed in April. See rule here: http://t.co/tPs6Mlimni
10 hours ago
State OKs Floridacentral #creditunion's bank branch purchase #NewsNow http://t.co/37uXorWsmV
12 hours ago
Today is deadline to order your T-shirt for #MiracleJeansDay @CU4Kids @CMNHospitals http://t.co/UXIqW3cFN6
12 hours ago
#Creditunion #100MM on display with @NWCUA's Minickiello, Wash. Rep. Sharon Tomiko Santos at @NCSLorg @CUNAadvocacy http://t.co/xVwnS39uEM
13 hours ago
Fraudsters hit @jpmorgan with smash and grab #phishing campaign http://t.co/VEkAvctYLJ
14 hours ago