Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

Products Archive

Products

QwickRate grows CU subscriber base 20

 Permanent link
ATLANTA (5/21/09)--QwickRate announced it has grown its credit union subscriber base by 20% in the past year and has helped boost marketplace transaction volume by 200%. The QwickRate marketplace is a forum for credit unions to connect with pre-screened banks nationwide and identify investment opportunities--without incurring third-party, rate stripping or broker fees. Subscribers have increased their returns on each share certificate investment by 30 to 90 basis points, QwickRate said. About 94% of its member credit unions also renewed their subscriptions to QwickRate last year, the company added. QuickRate’s QuickTools aim to eliminate paperwork and automate the investment process. “We are saving time and money, and are maintaining greater control over the investment process,” said Karen Gilliam-Brown, vice president and chief financial officer, USA One National CU, Matteson, Ill. QuickRate has about 2,500 members so far.