PASADENA, Calif. (1/9/15)--Wescom Resources Group (WRG), a provider of software and technology service solutions for credit unions, generated $11.1 million in annual revenue for 2014--the credit union service organization's (CUSO) 12th consecutive year of total income growth.
As the largest CUSO of $2.7 billion-assetWescom CU, Pasadena, Calif., the income heavily subsidizes the continued development and innovation of MemberEdge Online Banking, Mobile Banking and Service Bureau.
Altogether, nearly 100 credit unions use MemberEdge Mobile Banking, and roughly 70 use MemberEdge Online Banking. In 2014, six credit unions signed new multi-year agreements to migrate to WRG's service bureau solution in 2015.
Most mobile and online agreements were with pre-existing clients--many of whom entered long-term renewals.
"We've talked a lot recently about becoming more of a 'boutique' vendor," said Tim Dolan, WRG president. "This move means that we specialize in the continued development of our core products and elevated the levels of support of our clients. We're delighted when clients recognize this and make long-term investments to partner with us."
WRG launched its Tellergy solution for the Verifone MX 925 platform in 2014. This solution extends WRG's award-winning teller line solution to Verifone's market-leading platform, which offers multimedia support combined with robust card support options.
In June, WRG launched MemberEdge Mobile Banking 3.0, a mobile platform that enables hybrid mobile applications to combine native functionality with HTML5, browser-based content.
WRG will host its first nationwide Client Educational Conference in Anaheim, Calif., June 16-17. Additionally, in the first quarter of 2015, WRG will launch an enhanced service bureau platform that extends the scope of technology services WRG provides via a single agreement.