Utah Community Credit Union began the new year as the recipient of the Datatrac Great Rate Award®, certifying that the Utah-based credit union consistently outperformed the average rates, dividends and fees of Utah banks in 2020, resulting in $10,569,489 million in direct financial benefits to its members over the course of 12 months.
Datatrac announced UCCU’s Great Rate Award after comparing the rates of 100 banking locations across the state of Utah, recognizing the financial institution for providing its members with 22 products that outperformed the market average by up to 50% in 2020.
“We’re honored to have UCCU recognized in this way,” said UCCU President and CEO, Bret VanAusdal, “because it reflects our commitment to helping our members save more money.”
UCCU also received the Celent Model Bank 2021 Award for Retail Payments, which recognized the credit union for successfully partnering with Ondot Systems in 2020 to become the first financial institution to implement CardApp; a first-of-its-kind smartphone app that provides UCCU members with an easy and intuitive way to use and manage their digital credit and debit cards, while improving efficiency for the credit union.
“UCCU successfully demonstrated that working with partners that share the same passion for innovation makes a difference,” said Zil Bareisis, Celent’s Head of Retail Banking. “And that even small financial institutions can effectively compete with those with much larger resources.”
“Receiving these awards is exciting and accentuates our member-centric approach to service, technology, and innovation,” said Justin Olson, UCCU Chief Information Officer
To find the full results of Datatrac’s research and see a complete list of UCCU’s award-winning products, view CUNA’s Utah Community CU Membership Benefits Report
Visit https://www.celent.com/insights/932740024 for more information on Celent Model Bank 2021 Awards.