mFoundry Launches Columbia CU Mobile

SAN FRANCISCO and VANCOUVER, Wash., July 12, 2011 /PRNewswire/ -- mFoundry, the fastest-growing mobile banking company in the U.S., today announced Columbia Credit Union, based in Vancouver, Washington, is the latest credit union to deploy mBanking, mFoundry's SaaS-based mobile banking platform.

The new Columbia CU Mobile offering leverages mFoundry's multi-mode mobile banking solution, providing Columbia Credit Union members with mobile Web, mobile apps and text banking options. Columbia CU's mobile banking applications include versions for Apple iPhone, Google Android and RIM BlackBerry devices.

"With Columbia CU Mobile, we wanted to provide another touch point for our members, making it easier for them to do business with us," said Steve Kenny, CEO, Columbia Credit Union. "Our members now have the convenience of being able to access their accounts 24/7 through the mobile mode they find most compelling."

Columbia CU Mobile lets members check their account balances and transaction history, transfer funds, pay bills and locate branches and ATMs, all from their mobile device.

"When we looked for a mobile banking partner that could help us serve our members better, we wanted a provider that could credibly deliver all three modes – Web, apps and SMS – but also had experience working with our other technology partners," said Jen Shefner, Assistant Vice President, E-Commerce, and the mobile banking project lead for Columbia Credit Union. "We selected mFoundry for its long history of success working with credit unions and its innovative platform, which will allow Columbia CU to add new technologies in the future."

"Columbia CU is one of the most innovative credit unions in the U.S.," said Drew Sievers, CEO of mFoundry. "They have a strong commitment to staying ahead of the technology curve to provide services to enhance the lives of their members, both in terms of convenience and improved management of their finances on the go. We look forward to helping them continue to enhance the mobile banking experience for their members with features like mobile deposit or mobile alerts."

mFoundry has extensive experience serving credit unions with mobile banking solutions, counting 425 financial institutions as clients including more than 150 credit unions. Through its direct relationships with credit unions, and its strategic partnerships with organizations like CO-OP Financial Services, Open Solutions, and COCC, mFoundry has made a firm commitment to supporting the unique needs that credit union members have for mobile banking solutions.

"After one week, 6.6% of our online banking users had already registered, and adoption continues to grow as word gets out," added Shefner "That's a phenomenal response considering our six month goal of 8%. Since we anticipated a strong demand, it was imperative to quickly provide a top-notch solution. mFoundry helped us implement in approximately four months."

Columbia CU Mobile officially launched on June 27, 2011. For more information on Columbia CU Mobile or to enroll online, please visit: http://www.columbiacu.org.

About Columbia CU

Established in 1952, Columbia Credit Union has $777 million in assets and 12 Clark County, WA locations. Columbia serves more than 65,000 members with a 2011 satisfaction rating of 95.8 percent - an industry benchmark. Columbia is nationally recognized by PBS Companies for Workplace Excellence and was voted Clark County's "Best Financial Institution" in 2009, 2010, and 2011, and "Best Overall Customer Service" in 2010.

Columbia is a top local lender for auto and home loans, and was named the SBA "Credit Union Lender of the Year" for 2009 and 2010 in the Portland, Oregon district. Committed to sustainability, Columbia built Clark County's first financial institution branches to strict LEED standards set by the U.S. Green Building Council. Individuals and businesses in Washington State are eligible for membership. For more information visit www.columbiacu.org.

About mFoundry

mFoundry is the most popular mobile banking solution in the U.S., currently the choice for more than 425 banks and credit unions nationwide, which represents more than 5 million users. mFoundry's mBanking product is the leading software-as-a-service (SaaS) based mobile banking solution in the market today.

mFoundry was founded in 2004 by Drew Sievers and Rodney Aiglstorfer. The company is headquartered in Larkspur, California, with additional offices in downtown San Francisco. For more information on mFoundry, please visit http://www.mfoundry.com.

SOURCE mFoundry