Fairfax, VA: FedComp, who is currently serving 17 firefighter
credit unions and is the leading provider of Core Data Solutions for “small
entity” credit unions* for over 30 years, is pleased to announce a partnership
of three industry leaders to provide digital financial services for “small
entity” Credit Unions.
The combined forces of FedComp,
Ongoing Operations, a CUSO dedicated to providing affordable technology
solutions and MoadBus, a US based international provider of mobile and internet
banking to both large and small financial institutions, provides FedComp the
ability to bring a full range of digital financial services at an affordable
cost to the “small entity” Credit Unions. FedComp is able to provide these
services by leveraging the extensive experiences of MoadBus in serving unbanked
and underbanked consumer segments worldwide. This represents an exciting
breakthrough in the ability of small asset credit unions to provide increased
banking functionality, a leveling of the playing field with the billion asset
credit unions in technology, security, and most importantly – member services.
Many of the smaller asset Credit
Unions do not currently have the capabilities or resources to offer their
member’s financial services now considered basic banking functions. The
team of FedComp, Ongoing Operations, and MoadBus can now provide “small entity”
Credit Unions with direct access to digital solutions to increase their
commercial viability. As a group, the “small entity” Credit Unions represent
over 50% of all US credit unions. By moving the “small entity” Credit
Unions into the 21st Century digital world, FedComp is providing the
opportunity for growth in a sector of the industry that many considered to be
headed for extinction.
The Credit Union industry was built
on the backs of small, local institutions, and FedComp and its partners intend
to reignite growth within the “small entity” Credit Unions*.
*(those under $100,000,000 in
assets)
Public Relations
FedComp, Inc.
Toll Free: 855-640-3312
About Moadbus: MoadBus Inc. is an innovative technology company, dedicated
to providing scalable, advanced and cost effective business solutions to
financial institutions worldwide. Founded in 2005, MoadBus is headquartered in
McLean, Virginia, with offices in Canada, Latin America and Asia. MoadBus
believes in building a solid portfolio of products with a large sustainable
customer base through quality solutions, unparalleled service and affordable
pricing models. Learn more at www.moadbus.com.
About Ongoing Operations: Ongoing Operations, LLC is a multi-owned CUSO committed to
providing technology solutions to credit unions nationwide. Beyond
offering a full-range of disaster recovery and business continuity solutions,
Ongoing Operations provides solutions for managed security, managed telecom,
and a complete cloud platform featuring redundancy, security, accessibility,
and great operational flexibility. Learn more at www.ongoingoperations.com.
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