Credit union upgrades its technology

DOWNEY - Financial Partners Credit Union recently introduced several new technological features, including a new website, upgraded ATMs, a mobile capture option that allows deposits via cell phones, and a recently signed agreement to provide surcharge-free ATM access at all Walgreens in California.The Downey-based credit union launched its new website,, in December, which features easier-to-use navigation and enhanced online banking. "All it takes is one click to get to any product information in any category," said credit union president and CEO Nader Moghaddam. "The new site also provides additional information and comparison tools to help members make better financial decisions." The new ATMs come equipped with 17-inch non-glare touchscreens and more secure card readers. Members no longer need envelopes to deposit checks or money, and they can receive printed images of checks as well as mini-statements with their last 10 transactions. Additionally, members now can deposit checks through their cell phones using a mobile app. The app snaps a photo of the check and verifies the check is endorsed before making the deposit. Credit union members can deposit up to 20 checks per day. Financial Partners also signed a two-year agreement with Walgreens that allows surcharge-free ATM access for its members at all Walgreens stores in the state. "We are pleased to provide more than 500 additional free ATMs statewide for our members through this agreement," Moghaddam said. Financial Partners, with $732 million in assets, serves more than 50,000 members. It is headquartered in Downey.

********** Published: January 26, 2012 - Volume 10 - Issue 41