New Account Opening Solution….coming soon!

We are excited to announce MCU will soon be able to welcome new members through an innovative online and in-branch account opening solution developed by thirdstream. Get more details in the full press release below.

Momentum Credit Union joins the Fintech fray with thirdstreams account origination solution

Momentum Credit Union of Hamilton, Ontario, Canada will soon be offering its members the ability to open accounts with full compliance online or in-branch with ease from any device using an account origination solution developed by thirdstream.

Leadership for the $170 million credit union said the thirdstream solution (cumulus) is the most innovative origination platform in the industry. It brings together in-branch and online account opening with the assurance of 100% compliance. Not only is it fully integrated with the Fiserv DNA Core platform, it also aligns front and back office operations, streamlines the sales and administrative processes and delivers an outstanding, consistent member experience across all of its branches and online channels.

Implementing the highly scalable thirdstream solution will position Momentum Credit Union for growth. As the first credit union in Canada to offer this omni-channel origination platform, it will also establish Momentum as a clear leader in the area of Fintech and innovation.

Malcolm Stoffman, Momentum CEO says, “We are enthusiastic about the opportunity to partner with thirdstream in this Fintech venture to implement their online, in-branch and lending platform. It aligns with our business goals and we recognize that it could have positive impact on our organization in many ways, from creating cost-saving efficiencies to better meeting the changing needs and expectations of our members.

We’re very happy to welcome Momentum Credit Union to the thirdstream family,” says Keith Ginter, thirdstream CTO. “We’re proud to partner with progressive credit unions like Momentum Credit Union that are looking to grow through innovation, excellence and leadership. We see Momentum as the true experts where account opening is concerned. Their front line staff deal with it every day, while their back office teams recognize the deep value of what needs to be streamlined for efficiency and profitability. We will look to these experts to inform our process, guide emerging functionality decisions and to provide ‘real world’ knowledge. A partnership like this solidifies our commitment to continue delivering the best account origination solution in the industry.

Onboarding is an increasingly pressing matter for banks and credit unions. It requires a balancing act between the right application that allows ease of use for the end user while ensuring that all regulatory requirements are met. thirdstream’s onboarding solution is fully compliant with every current banking regulation and designed to anticipate and easily accommodate future requirements. This cost-effective solution can be easily implemented with minimal organizational impact. cumulus is gaining significant momentum among credit unions and banks seeking an end-to-end, lower cost solution that can be installed quickly and support their immediate and long-term onboarding goals.

Stoffman agrees. “From the advanced feature functionality of thirdstream’s comprehensive onboarding solution to the rapid, low-impact deployment, thirdstream is clearly the Fintech expert when it comes to account opening. Given that onboarding is the sole focus of their business, we trust in the depth of knowledge and expertise that this company brings to the table.

Momentum Credit Union (MCU) is an independent financial co-operative with 11,000+ members and assets of over $170 million. Proudly serving the local community for over 75 years, the credit union offers a full selection of financial products and services including deposits and investments, personal loans, residential and commercial mortgages, and professional financial planning and advice.

MCU has recently made significant efforts to streamline the banking experience for its members with a vision of serving them in the most simple, affordable and convenient ways possible through multiple channels including online and mobile banking, a mobile banking app, a full-service Solution Centre, and a network of four branches. Members of MCU enjoy the benefits of being member-owners of the organization sharing in the profits of the credit union and giving back to their local communities through credit union initiatives.

thirdstream, headquartered in Lethbridge, Alberta, is Canada’s leading provider of in-branch and online consumer and business onboarding solutions. Serving clients in every regulatory jurisdiction from Quebec to British Columbia, thirdstream’s onboarding experience solutions serve 19 FIs across Canada, representing more than $287 billion in assets. thirdstream is continually evolving its product line, allowing clients to pay a modest monthly fee for an onboarding solution that offers continual and seamlessly delivered improvements.

OCUF Bursary Program

Calling all students! The Ontario Credit Union Foundation has launched a bursary program to help fund education programs for youth under the age of 25 and we couldn’t be happier to help promote this great initiative.

Applications are being accepted until June 15, 2016 for bursaries ranging from $1,000 to $2,500. If you are living in Ontario and are attending a post-secondary school, technical or vocational institution, don’t miss out! Visit the OCUF website for details.


Mobile banking just got easier

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We’re all super excited to announce the launch of My MCU app! For anyone looking for ease and convenience in a mobile banking experience, this one’s the ticket! From paying bills to sending e-Transfers, you can do it all through My MCU app. Download it for free in the Apple App store or Google Play store on your iPhone, iPad, or Android device. Visit out website for more information or better yet, just download it now!

Introducing the MCU Solution Centre…coming to you April 1st!

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Not everyone has the time to go into a branch to do their banking. Soon, you won’t have to! We are excited to announce the launch of our Solution Centre coming April 1st, 2016.

Need to update your address? Set up an automatic transfer? Apply for a loan? Open an RRSP? As of April 1st, you will be able to call the Solution Centre to do your banking from wherever you are. The Centre will help make the delivery of our products and services more convenient and accessible for you and will also improve your in-branch experience with decreased wait and appointment times.

Get all the information you need on this exciting initiative including hours of operation and ways to get in touch on our website and be sure to grab a magnet next time you visit us so you will always have the Solution Centre contact information handy.

Celebrating 5 Years

Today marks our 5th year as Momentum Credit Union. Time sure does fly!

We truly couldn’t have done it without the continued support of our amazing members. To say thanks, we’re giving away a free Momentum gift today in all our branches as a small token of appreciation.

Be sure to drop in and get yours while quantities last!

Momentum Toy Drive

We are excited to announce that we have launched our first ever Momentum Toy Drive! From now until December 18th, we will be accepting new, unwrapped toys in our branches for children up to 12 years old. If you don’t have time to shop, we will also be accepting donations to be used towards the purchase of a toy.

Visit any branch and put your donation under our tree! Together, we will be able to help make this holiday season a little more special for those in need.

How Mo’ can we go

In case you didn’t notice already, Movember is upon us and we couldn’t miss the opportunity to contribute to this great cause!

Our President and CEO, Malcolm, VP of Finance and Administration, Brian, and Director of IT, Craig, are proudly sporting Mos this month to join the fight for improved men’s health. We want to make a difference in the lives of men around the world by supporting programs in men’s physical and mental health and you can help by visiting our team page to contribute to the cause.

Plus, help us raise $5000 and Malcolm will keep his Mo until December 25th. Did we mention it’s a handlebar Mo?

We thank you for your support!

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