Southbridge Credit Union Partners with ZRent to Provide Customers with an Innovative and Convenient Property Management Tool

ARLINGTON, Mass., May 15, 2019 /PRNewswire-PRWeb/ --ZRent is proud to announce Southbridge Credit Union (SCU) as the first credit union to join its expanding network. Through the partnership with ZRent, SCU will be able to provide a free, convenient online rent collection solution to both existing and prospective landlords and property managers.

"Southbridge Credit Union always strives to meet the needs of our commercial and business clients," said Jordan Hoy, Senior Vice President of Commercial Lending & Services. "ZRent is a great innovative solution which will provide landlords with an efficient digital cash management tool to automate and take the hassle out of the rent collection process. Not to mention the time that it will save them! We also want to attract new relationships to increase our core deposits. This is a unique partnership which will allow Southbridge Credit Union the opportunity to meet the individual and ever-changing needs of our customer base."

"We are thrilled to welcome Southbridge Credit Union into the growing ZRent network. We are excited to introduce their customers to the many benefits of ZRent," said Jay Tuli, Founder of ZRent and Executive Vice President of Retail Banking at Leader Bank. "We know that both the Credit Union and their customers will find a great value in ZRent's automatic rent collection and property management features."

ZRent works by automatically deducting rent payments from the tenant's account and depositing them directly into the landlord's account. Tenants can set and forget their monthly payments, and landlords will no longer have the hassle of collecting checks and making a trip to their financial institution. ZRent also provides peace of mind for landlords, who will now receive consolidated payments for each unit on a reliable monthly schedule. ZRent is free of charge for any customers that have accounts with one of the participating institutions, which currently include Southbridge Credit Union, Marquette Bank, Needham Bank, Opportunity Bank of Montana, Seneca Savings, South Shore Bank, Stoneham Bank, and Leader Bank.

For more information on ZRent, visit http://www.zrent.net, email [email protected], or call 781-641-8691

About Southbridge Credit Union 
Southbridge Credit Union (http://www.southbridgecu.com) is a not-for-profit, membership-owned financial institution. Known for its strong consumer-orientation, SCU is organized to serve our community. The state-chartered SCU was incorporated in 1938, and is a community credit union with both federal and private deposit insurance. They operate under the supervision of the Massachusetts Banking Commissioner. Participating institutions in the credit union movement, as it is often termed, pay competitive rates of interest on savings and loan products.

About ZRent 
ZRent (http://www.zrent.net) was launched in 2015 as a cash management tool that allows for the electronic collection and processing of rent payments. ZRent's goal is to provide a convenient solution that will make the rent collection process a seamless and "set and forget" experience for both landlords and tenants. As an independent division of Leader Bank, ZRent is available to other financial institutions as a cash management tool for property owners and condo associations. Financial institutions that partner with ZRent will be able to offer the product to their customers completely free of charge.

SOURCE ZRent