MURRIETA, Calif. (4/29/08)--CUTEK, a financial technology consulting firm and provider for credit unions using Symitar’s Episys core processing system, signed five credit unions in the first quarter to use its Correio Address Validation Server solution. The credit unions are:
* Alaska USA FCU, Anchorage, Alaska, $3.5 billion assets; * First U.S. Community CU, Sacramento, $236 million assets; * Apple FCU, Fairfax, Va., $1 billion assets; * CoVantage CU, Antigo, Wis., $599 million assets; and * Delaware State Police FCU, Georgetown, Del., $97 million assets.
The integration allows credit unions to validate and standardize addresses at the point of entry with the U.S. Postal Service. This mitigates incorrect addresses in the future. The solution accesses the post office’s address database and pushes the member address data back to Symitar’s Episys system. When the credit union’s member service representative types in an address, Correio validates it. If the address is bad, a dialog box appears onscreen alerting the representative. “This added feature saves a credit union money by providing a sharper focus for a member’s address, which saves time during a search,” CUTEK President Ron Murray said.