New Mexico Educators Federal Credit Union Selects Bluepoint Solutions’ ImagePoint 

Credit union moves item processing in-house, streamlines operations, lowers costs–

Vista, Calif. Jan. 6, 2010 Bluepoint Solutions, a 2010 CUNA Tech Council “Best of Show” winner, and provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, announced that New Mexico Educators Federal Credit Union, with headquarters in Albuquerque, has selected Bluepoint”s comprehensive line of ImagePoint products for in-house item capture and processing. New Mexico Educators FCU joins a growing number of institutions that will move item processing from a third-party outsourcer to an in-house environment.

With over 125,000 members and approximately $1 billion in assets, New Mexico Educators FCU is the largest credit union in the state of New Mexico serving members of educational as well as health care organizations throughout the state with 16 branches. The credit union processes 18,000 items daily, including inclearings and returns.

New Mexico Educators FCU had already been using Bluepoint’s branch and home capture solutions that it had purchased from Southwest Corporate (now Southwest Bridge) Federal Credit Union. Bluepoint provided the credit union with a no-cost transfer of its ImagePoint Branch and QwikDeposit Home software licenses so that both will now be supported directly by Bluepoint. The ImagePoint platform, including all points of capture, provides an enterprise-wide, paperless solution that automates the processing, archival and research of check images.

“We had considered other outsource providers for our check processing. But with Bluepoint, we realized that managing check processing in-house would be  more efficient and more cost-effective. Plus, Bluepoint’s Transition Program allowed us to take advantage of the branch and home capture licenses we already had, while maintaining the continuity of service to our members,” said Tom Hagan, SVP of support services at New Mexico Educators FCU.

“Bringing item processing in-house allows credit unions, like New Mexico Educators FCU, to gain considerable control and streamline operations, while saving time and resources. With Bluepoint’s comprehensive solutions, the credit union can make exponential gains in efficiency with a single, modern technology platform that handles everything from the initial point of capture, to image exchange with the Fed, to long-term archival,” said Bluepoint’s CEO and Founder, Hal Tilbury.