Phil Tschudy
608/665-7188
philip.tschudy@cunamutual.com
Rick Uhlmann
608/665-8940
rick.uhlmann@cunamutual.com
Winnie Ng Schuchman
631.406.6507
wng@techweb.com
Company’s Smartphone Loan Application Also Wins InfoWeek Business Innovator Award
MONARCH BEACH, Calif. – CUNA Mutual Group has been ranked No. 75 on this year’s InformationWeek 500 – a list of the top technology innovators in the U.S. The annual list was announced Tuesday, at the InformationWeek 500 Conference.
In addition to ranking as one of the Top 100 Innovative Technology Companies, CUNA Mutual Group was also one of eight companies honored in this year’s “InformationWeek Business Innovator” Award for its Smartphone Loan technology. CUNA Mutual Group was selected by InformationWeek editors as the winner of the Revenue Generation category for this industry award.
Released in 2011, this mobile Web application enables credit union members to apply for a loan anywhere they take their smartphones.
“We are very honored to be named in InformationWeek 500’s Top 100 Innovative Technology Companies this year and to be awarded the prestigious InformationWeek Business Innovator Award for our Smartphone Loan application,” said Rick Roy, CUNA Mutual Group senior vice president and chief information officer. “This industry recognition illustrates our strong commitment to technology leadership and embracing mobile technology to help the credit union industry expand beyond traditional member segments, attract younger demographics, and strategically strengthen their position in the financial services arena.”
The Smartphone Loan technology is the industry’s first mobile Web optimization for online lending, integrated with CUNA Mutual Group’s loanliner.com® system. By optimizing loanliner.com for mobile Web, Smartphone Loans not only provide lending information and approvals anywhere on any mobile device, but it also delivers loan applications with the most current conditional approvals and compliant electronic disclosures in less than 15 seconds.
CUNA Mutual Group has processed more than 41,000 loan applications, generating more than $400 million in mobile loan application submissions. More than 550 credit unions have implemented the Smartphone Loan technology since its debut in June 2011.
“The InformationWeek 500 has recognized the most innovative users of business technology for 24 years, and this year’s innovations were particularly impressive,” said InformationWeek Editor In Chief Rob Preston. “What the editors looked for are unconventional approaches—new technologies, new models, new ways of grabbing business opportunities and solving complex business problems with IT.”
InformationWeek identifies and honors the nation's most innovative users of information technology with its annual 500 listing, and also tracks the technology, strategies, investments, and administrative practices of America’s best-known companies.
The InformationWeek 500 rankings are unique among corporate rankings as it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders. Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.
About CUNA Mutual Group
CUNA Mutual Group insurance, retirement and investment products provide financial security and protection to credit unions and their members worldwide. With more than 75 years of true market commitment, CUNA Mutual Group’s vision is unwavering: To be a trusted business partner who delivers service excellence through customer-focused products and market-driven insight. More information on the company is available on the company’s website at www.cunamutual.com.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company. Property and casualty insurance products are issued by CUMIS Insurance Society, Inc. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues. Corporate headquarters are located in Madison, Wisconsin.
About InformationWeek Business Technology Network (http://www.informationweek.com)
The InformationWeek Business Technology Network provides IT executives with unique analysis and tools that parallel their work flow—from defining and framing objectives through to the evaluation and recommendation of solutions. Anchored by InformationWeek, the multimedia powerhouse that looks across the enterprise, the network scales across the most critical technology categories with online properties such as DarkReading.com (security), NetworkComputing.com (networking and communications) and BYTE (consumer technology). The network also provides focused content for key IT targets, such as CIOs, developers and SMBs, via InformationWeek Global CIO, Dr. Dobb's and InformationWeek SMB, as well as vital vertical industries with InformationWeek Financial Services, Government and Healthcare sites. Content is at the nucleus of our information distribution strategy—IT professionals turn to our experts and communities to stay informed, get advice and research technologies to make strategic business decisions