REALChecking Deposits Top $10 billion As Consumer Migration from Megabanks Continues
Online PR News – 11-June-2009 – – Austin, TX— June 11, 2009 —BancVue, a leading provider of products and consulting to community banking institutions, today announced that one million customers have signed up for its innovative REALChecking® system of products.
Austin-based BancVue is now serving more than 600 community banks and credit unions representing some 4,500 branches around the country. The firm reports its partner institutions are opening a new REALChecking® account every 47 seconds, 24 hours a day, seven days a week.
“BancVue’s mission is, and has been since we started in 2003, to better equip our partners in the war against the big banks,” said Don Shafer, Chairman of BancVue. “In a time where consumers are demanding more from their banking relationships, our clients are uniquely prepared to offer them the account they desire with the personal service they deserve.”
Much more than a simple software solution, BancVue’s REALChecking is a complete system for community institutions that offers proven DDA products, marketing, compliance guidance, software implementation, employee training and support, monthly reporting, mystery shopping, ongoing consultation, and a profitability guarantee.
REALChecking products are developed around BancVue's broad qualitative and quantitative consumer research. The end result is a dynamic system of products that directly address a community bank's key business needs by growing core deposits, generating non-interest income, driving customer growth, and retaining customers. With REALChecking, a financial institution can literally launch an inventive, new product every eight months.
“The REALChecking system is reinvigorating community financial institutions across the country,” said Shafer. “The tide is turning as consumers are demanding more from their banking relationships. I see a bright future for our industry where local institutions are once again considered premier providers in their communities”
For more information on community banks and credit unions that offer high interest checking accounts, visit www.checkingfinder.com.
BancVue is the leading provider of innovative products, marketing, and consulting solutions to community financial institutions nationwide. Serving over 600 community banks and credit unions around the country, BancVue’s solutions allow these institutions to compete and win in the war against the megabanks and net banks. Community financial institutions benefit from the development and implementation of BancVue’s innovative products, including REALChecking®, a system of innovative products, superior marketing, and data-driven consulting designed to empower community financial institutions. For more information on BancVue, visit www.bancvue.com.
Contact: Dan Mahoney