Westoba Credit Union has announced a partnership with Vancouver-based FinTech company Grow that will offer online consumer loans. This partnership will give Manitobans access to Grow’s cutting edge technology through a trusted member of the credit union cooperative beginning in the summer of 2016.
This partnership will integrate Grow’s online loans into Westoba’s product offering, making Westoba the first credit union in Manitoba to offer an entirely digital loan platform. Manitobans from all reaches of the province will have the ability to apply for a loan anywhere, anytime, from their computer, phone or tablet and have the funds in their account by the following business day.
Westoba has charted a course towards enhancing their online services and this partnership showcases the kind of groundbreaking solutions the credit union is employing to fulfill their core value of valuing and embracing innovative thinking and change. This new online loan will empower members and non-members alike to take control of their financial health at their leisure.
“We are constantly striving for ways to make ourselves more nimble and improve our member experience,” explains Jim Rediger, CEO of Westoba Credit Union. “A nimble model means more self-serve options and more ways that members can work with us when it’s convenient for them. We are enthusiastic about our partnership with Grow, a Canadian leader in digital personal loans who are changing the way people bank and what that means for all Manitobans.”
“We’re excited to be partnering with a financial institution as well regarded and trusted as Westoba,” said Kevin Sandhu, Founder and CEO of Grow. “Combining our product and technology expertise with Westoba’s member-centricity and track record of community stewardship furthers our commitment to improving people’s financial wellbeing.”
ABOUT WESTOBA CREDIT UNION: Westoba Credit Union is the sixth largest credit union in Manitoba with 17 locations. WCU is committed to enriching lives and communities by helping financial dreams come true.
ABOUT GROW: Grow is a leading Enterprise Fintech company, serving consumers directly and through partnerships with top global financial institutions. By leveraging technology and data to reinvent the banking experience, Grow makes personal finances understandable and anxiety-free. Grow’s technology is powering a new generation of data-driven banking products and services, including digital personal loans, instant customer onboarding and account opening, advanced data analytics, and real-time compliance and identification tools. Grow was founded in 2014 and is headquartered in Vancouver, BC.