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CUs lose big--and win--in paper postage costs
HERNDON, Va. (1/19/10)--DigitalMailer named its “Biggest Losers” for 2009--credit unions that have developed successful eStatement enrollment programs. About 21 credit unions helped more than 17,000 members switch to online statements from paper, which collectively realized $102,474 in savings. “It these credit unions’ members stay with them for five years, that’s a half-million dollars--and a lot of trees saved,” said Ron Daly, DigitalMailer president/CEO. Gulf Coast FCU, Corpus Christi, Texas, earned first place. The credit union saw a 720% increase in statement enrollments--saving $14,000 per year. ABCO FCU, Willingboro, N.J., won second place. The credit union saw its eStatements enrollment jump by 224%. Hudson River Community CU, Corinth, N.Y., won third, with 39%. An honorable mention went to Town of Hempstead Employees FCU, North Baldwin, N.Y., which brought in hundreds of new users. DigitalMailer provides digital communication services to the financial industry.


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