FundsXpress and SC Telco Federal Credit Union Renew Business Partnership

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FundsXpress Financial Network, Inc., the premier provider of online financial services, and SC Telco Federal Credit Union today announced the renewal of their partnership through 2010. SC Telco has more than $120 million in assets and is based in Greenville, South Carolina.

FundsXpress Financial Network, Inc., the premier provider of online financial services, and SC Telco Federal Credit Union today announced the renewal of their partnership through 2010. SC Telco has more than $120 million in assets and is based in Greenville, South Carolina.

FundsXpress continues providing SC Telco with the fx eBanking platform, including fxBill Pay, Real Time, and Notify Me. Since offering FundsXpress fx eBanking to customers in 2001, SC Telco has experienced a 40 percent Internet banking adoption rate and a 30 percent bill pay adoption rate.

“FundsXpress has been instrumental in SC Telco’s online success,” said Katie Mitchell, electronic services manager for SC Telco. “Because of our relationship with FundsXpress, SC Telco provides a safe, convenient, and proven alternate banking method, while growing our member base and increasing revenues. We experienced exceptional growth after implementing online banking and bill pay and we are very pleased with the number of new accounts acquired and the number of account holders retained because of online banking.”

“FundsXpress is pleased to provide SC Telco with best-in-class products, enabling them to better serve current account holders while gaining market share and growing membership,” said Greg Constantine, FundsXpress executive vice president. “SC Telco has produced amazing adoption results and is an ideal example of the right technology solution coupled with successful target marketing and adoption programs. We look forward to expanding our partnership for many years to come."

Media Contacts:                        

Jennifer Britton-Turnbow    

FundsXpress Financial Network

512.493.2851

cell 512.825.2868    

Brian McKay

Marketing Manager

SC Telco Federal Credit Union

800.772.0405 ext. 2359

About FundsXpress Financial Network, Inc.

FundsXpress is a premier provider of Internet-based financial services and products for banks and credit unions nationwide. Through a state-of-the-art data center, the company delivers a secure, scalable and proven financial product suite. FundsXpress products include retail and commercial Internet banking, cash management, automated lending, and dynamic Web sites. FundsXpress clients benefit from the company’s value-added compliance support, customer service and leading adoption rates. For more information, please visit the company at http://www.fundsxpress.com.

About SC Telco Federal Credit Union

With more than 120 million in assets, SC Telco Federal Credit Union is a modern, full service, and growing financial cooperative, serving its members from six branch locations in South Carolina.

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