For more information, contact:
Joseph Lao, VP Sales and Market Development
jlao@edoclogic.com or 800-425-7766 ext. 404
eDOC Innovations to acquire the Check Item Processing business of CU*Answers
Middlebury, VT and Grand Rapids, MI – March 7, 2025
eDOC Innovations and CU*Answers are excited to announce that the boards of directors for both organizations have approved the acquisition of CU*Answers’ Check Item Processing business by eDOC Innovations. This strategic move will unite the manufacturer and service provider under one organization, enhancing efficiency and service continuity for the credit union community. The transaction is expected to close on March 31, 2025.
Currently, 115 credit unions leverage CU*Answers’ share draft processing, which is powered by eDOC Innovations technology. Additionally, CU*Answers has been processing the forward collection needs of eDOC’s 278 credit union clients using the eDOC CheckLogic Suite since 2007.
“The timing is perfect to bring the manufacturer and service provider together under a single entity,” said Mark Fierro, CEO of eDOC Innovations. “Our priority is ensuring a seamless transition for the credit union community and the staff involved. Credit unions can expect the same dedicated team and exceptional support from day one.”
Geoff Johnson, CEO of CU*Answers, shared his perspective on the partnership: “This has been a fantastic collaboration over the past 18 years, and I have full confidence in the technology and team that will continue to serve the needs of credit unions going forward.” This acquisition underscores the shared commitment of eDOC Innovations and CU*Answers to delivering robust, reliable, and cost effective solutions to the credit union industry.
About eDOC Innovations, Inc.
eDOC Innovations is the nationwide leader in mobile enterprise digital transaction management and e-commerce software for credit unions. For over 30 years, eDOC Innovations has been designing solutions to reduce overhead, increase operational efficiency, and provide convenience to members. eDOC Innovations’ products include solutions for remote mobile and in-branch closings, mobile e-signature processing, digital asset lifecycle management, intelligent and interactive form automation, mobile remote deposit capture, electronic statements, and more. To learn more about our technology, visit www.edoclogic.com or give us a call at 800-425-7766 option 2.