SARASOTA, Fla.–1stStreet Credit Union here has been announced as the winner of the “My Virtual StrongBox Dash For Cash Contest,” which was sponsored by CU*Answers Imaging Solutions in conjunction with Virtual Strongbox.
The contest ran for one year from Oct. 1, 2017 until Sept. 30, 2018, with a prize of $1000, and measured participating credit unions’ percent increase in adoption of “virtual strongboxes” by members.
A Virtual StrongBox is an online repository in which members can place personal documents, as well as a secure location for credit unions to place documents for the member such as e-receipts and loan forms. Documents in the member’s virtual strongbox can easily and securely be shared and managed by the member, the companies said. Available inside of online banking, access for members is provided in a familiar location.
‘A Great Contest’
“This was a great contest that motivated credit unions to sharpen their skills with the tools necessary to work with remote, on the go members,” said John Beauchamp, VP of CU*Answers Imaging Solutions. “It was fun to watch as credit unions competed, collaborated and learned to earn from these tools. I think many credit unions for the first time began monitoring their activity in this area and it was insightful to them.”
Added Arthur Hart, president/CEO of 1st Street Credit Union, “Our team has been working very hard on this initiative. We will be treating the team to a steak dinner at a local steakhouse for all their hard work! We must not forget, however, our members are the real winners as they enjoy the convenience of these services.”