Redstone Federal Credit Union has seen more than 30,000 members (20% of its online banking base) take advantage of the My Virtual StrongBox service powered by DigitalMailer in the five months since the technology was deployed.
My Virtual StrongBox allows users to store copies of everything from wills and birth certificates to deeds and insurance policies. It integrates with online banking platforms and personal finance management (PFM) tools by way of APIs. Files are encrypted so that only the user can access them.
Founded in 1951 and based in Huntsville, Alabama, Redstone Federal is the largest credit union in the state. As of 2012, the company is the 16th largest credit union by membership in the U.S. and 34th largest by assets.
Here are a few additional metrics on Redstone FCU:
- More than $3 billion in assets
- More than 350,000 accounts
- More than 130,000 online banking users
The company demoed its technology as part of FinovateFall 2012. See them in action here.