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Gro Solutions Helps Vermont FCU Deliver Better Banking Experiences

Members of Vermont Federal Credit Union have something to look forward to when 2019 rolls around: the $500 million asset institution has signed a deal with Gro Solutions to enhance its digital offerings, including streamlined online deposit and loan account opening.

“Our goal is to create a world-class digital experience for our members with products and services that are fast, consistent, personalized, and user-friendly,” Vermont FCU Director of Business Intelligence, Nicholas D. Gallerani said. He referred to Gro Solutions’ platform as the embodiment of these principles, adding that the technology will provide the credit union with “the tools essential to create … great experiences in the digital realm for our members.”

Vermont FCU plans to introduce the new Gro Solutions-enabled services to its more than 38,000 members in the first quarter of 2019.

“More and more of today’s members are going digital for their banking needs,” Gro Solutions CEO David Eads added. “They want that experience to be quick and convenient, regardless of whether it’s in-branch, at home or on their phones.”

Atlanta, Georgia-based Gro Solutions demonstrated its Digital Sales platform at FinovateFall 2017. The company has been on a busy partnership-making pace this year, teaming up with Indiana’s Elements FCU ($1.5 billion in assets) in June, partnering with PeoplesBank ($1.7 billion in assets) in April, and working with Congressional FCU ($900+ million in assets) in March to streamline the credit union’s digital onboarding process.

Gro Solutions has raised $4.3 million in funding and includes TTV Capital, BIP Capital, BLH Venture Partners, and Croft & Bender among its investors.