The Michigan-based credit union will enhance online and in-branch account opening and is the first credit union in the state to partner with MANTL on business deposit origination
Grand Blanc, MI – Feb. 10, 2025 – ELGA Credit Union, a $1.5 billion credit union with 13 branches across Michigan, today announced a partnership with MANTL, a leading provider of account origination solutions, to enhance its in-branch and online account opening processes for businesses and consumers. This partnership will allow ELGA Credit Union to seamlessly open new member accounts on any banking channel, at any time, and demonstrates ELGA Credit Union’s commitment to giving its business members, retail members, and employees the best possible banking experiences.
ELGA Credit Union will leverage Consumer Deposit Origination by MANTL to transform the online account opening experience and streamline the in-branch experience for members and employees. With MANTL, ELGA Credit Union will remove friction from its current account opening process, empowering members to open a new deposit account in less than three minutes online or 10 minutes in-branch with a superior experience. By serving a wider audience of consumers across digital channels and providing a simple and intuitive account opening experience, ELGA Credit Union will work towards its goal of growing net new members in 2025.
Business Deposit Origination by MANTL will allow ELGA Credit Union to better attract, serve, and deepen relationships with businesses across Michigan. Businesses of all sizes will be able to seamlessly and securely open a new business account on any device or any channel, including online, on a mobile app, in-branch, or in the field. Adaptive workflows and automated, real-time decisioning on the MANTL platform will reduce friction in the application process and keep operations streamlined, so ELGA Credit Union can better focus on serving the needs of its business members.
“We are thrilled to be the first credit union in Michigan to partner with MANTL on business account opening, setting the standard for the banking experiences that businesses in our state should expect. With MANTL, businesses will be able to open a new member account online at ELGA Credit Union in ten minutes,” said Zach Eychaner, VP of Digital Experience at ELGA Credit Union. “Our partnership with MANTL will ensure that we are providing our members with the cutting-edge technology and flexibility to quickly open an account however, or wherever, they prefer: online, in-branch, in the field, or on our mobile app.”
By integrating MANTL with its Jack Henry Symitar core, ELGA Credit Union will now be able to automate over 90% of application decisions, including KYC, AML, BSA, product service ordering, funding, and core booking, to create efficiencies and keep manual processes to a minimum.
“We are excited to partner with ELGA Credit Union to enhance its account opening experience across all of its banking channels,” said David Carlson, VP of Sales at MANTL. “MANTL will automate critical steps in the account opening process for businesses and consumers so ELGA Credit Union can focus on what it does best: serving the unique needs of its members.”
For more information on ELGA Credit Union and to view current deposit offerings, please visit: https://www.elgacu.com/
For more information on MANTL or to schedule a demo, please visit: mantl.com/request-a-demo/.
About MANTL
MANTL is a financial technology firm offering the industry’s first Relationship Banking Platform. MANTL’s unified account origination technology empowers banks and credit unions to seamlessly open loan and deposit accounts on any banking channel in real time. MANTL Deposit Origination is among the fastest and most performant solutions on the market; consumers can open a new deposit account in under three minutes, businesses can open a new deposit account in under 10 minutes, and MANTL customers raise billions in core deposits each month. MANTL Loan Origination simplifies each step in the loan process, automating up to 100% of loan application decisions to ensure a smooth, high-quality experience from personal loans to business financing. Founded in 2016, MANTL is a privately held company headquartered in New Jersey with the backing of prominent venture capital investors. For more information, visit mantl.com or follow MANTL on LinkedIn.
About ELGA Credit Union
Serving members since 1951, ELGA Credit Union is a community-focused financial institution committed to providing exceptional financial services to its members while actively participating in the betterment of its communities. Anyone who lives, works, worships, volunteers, or attends school in the State of Michigan is eligible to join. To learn more about ELGA Credit Union, visit www.ELGACU.com.
