eDOC Innovations (EDI) announced that CD Federal Credit Union has purchased interest in the nation’s only Credit Union Service Organization (CUSO) based on electronic document strategies and management. CDFCU is a long time client of eDOC Innovations utilizing the e-document management solutions. CDFCU joined the CUSO in July.
“An investment in the eDOC CUSO is actually an investment in our self, as we drive towards improving efficiency and reduce waste. We started working with eDOC almost five years ago and through that time they have proven to be excellent partners in strategy as well as technology,” explains Mark Roddenberry, CEO of CD Federal Credit Union. “We expect the future to be bright for our credit union and our industry. Consequently, owning part of the industry’s technology leader is a logical way to realize our competitive goals and our member’s service expectations. Innovative thinking requires looking toward the future.”
Owners of the EDI CUSO receive benefits through collaboration, innovation, risk management, reduced rates for products and services and profit sharing options with the opportunity to give input into the direction of future products and services offered by the organization. EDI continues to see expansion of its CUSO and ownership opportunities for credit unions which have strategically recognized the significance of their e-Document strategy and its impact in building the credit union’s business and its impact on long-term sustainability.