Connect Financial Software and TEG Federal Credit Union Partner for Online and Mobile Channel Delivery Improvements

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Credit Union selects Connect for Online Banking, Mobile, Account-to-Account, and PFM Capabilities

Connect Financial Software Solutions today announced a multi-year agreement with TEG Federal Credit Union. With more than 18,000 members and $185 million in assets, TEG selected Connect for its suite of Online Banking, Mobile, and PFM channel solutions.

“We evaluated a number of online banking providers, and chose Connect because we felt they offered a better overall solution for our members,” said Ronald A. Flaherty, President & CEO of TEG. “They really listened to what we want to achieve in the channel and stood out in their ability to meet our needs and provide the level of flexibility we were looking for.”

According to Peter Olson, Director of Information Technology, “Connect already had functionality beyond what we saw in the other providers, plus they demonstrated how they have customized capabilities for other clients to drive toward a true virtual branch solution offering; that was big for us.”

According to Joe Long, Vice President of Connect, “TEG presented Connect with very high expectations, and exacting standards. They have been very thorough, and will continue to be, which is fantastic because it helps make sure we stay true to our mission. We are looking forward to working with the TEG team to drive expanded channel delivery options and capabilities.”

About Connect Online Banking
Connect Financial Software Solutions, LLC was formed to aid in the development, operations, and management of software solutions for credit unions. With a customer-centric philosophy and cooperative spirit, Connect’s goal is to continuously provide credit unions with superior technology and at a reasonable price.

Connect’s suite of products include Online Banking, Mobile, Online Account Opening and custom applications. Available as a hosted or in-house solution, Connect Online Banking offers extensive host integration and back office workflow automation, plus a variety of value-added features. Using Connect, members can open accounts online, receive account alerts, view promotions, utilize mobile online banking, mobile remote deposit, pay bills, and access financial transactions directly from a Personal Financial Manager, such as, Quicken®, or Quickbooks®, as well as an optional Online Financial Management Application.

About TEG
TEG Federal Credit Union is a member-owned, not-for-profit, full-service community financial institution serving over 18,000 members. Founded in 1969, TEG offers a broad range of personal financial products and services including savings accounts, checking accounts, mortgages, loans, and retirement and advisory services. Membership is free with an initial $5 deposit and is open to everyone who lives, works, worships, or attends school in Dutchess, Orange and Ulster counties in New York. The credit union operates six branches in Dutchess County and is opening a branch in Orange County (Newburgh) in 2013. For more information, please visit our Web site at

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