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Educational Systems Federal Credit Union Partners with MANTL to Digitize its In-Branch and Online Account Opening Experience

The Maryland-based credit union overhauls its online account opening process and transforms in-branch account opening across its branch network for a seamless omnichannel experience

Greenbelt, Md. – May 23, 2024 – Educational Systems Federal Credit Union, a $1.3B credit union with 13 branches across Maryland, today announced a partnership with MANTL, a leading provider of account origination solutions, to overhaul its in-branch and online account opening processes. This partnership will allow Educational Systems Federal Credit Union members to seamlessly open a new account on any channel, at any time, and demonstrates the Credit Union’s commitment to providing its members with the best digital experiences.

Educational Systems Federal Credit Union will leverage Consumer Deposit Origination by MANTL to enhance its online account opening process. With MANTL, the Credit Union will remove friction from its current account opening process, empowering members to open a new deposit account in less than three minutes with a superior digital experience.

“Educational Systems Federal Credit Union is committed to providing a premier member experience both online and in-branch, and partnering with MANTL will be a critical component in streamlining processes across channels,” said Kristy Mathey, SVP, Chief Strategic Growth Officer at Educational Systems Federal Credit Union. “The new online account opening platform will allow the Credit Union to grow deposits at scale and expand the brand to help more members of the education community.”

Educational Systems Federal 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.

“MANTL for Credit Unions is purpose-built to meet the unique challenges of today’s credit unions, ” said David Carlson, VP of Sales at MANTL. “Through this partnership, Educational Systems Federal Credit Union’s members will enjoy a seamless account opening experience whether they’re opening an account online, in-branch, or through the Contact Center.”

For more information on Educational Systems Federal Credit Union and current deposit offerings, please visit: esfcu.org.

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 omnichannel account origination software for banks and credit unions. Consumer Deposit Origination by MANTL is among the fastest and most performant solutions on the market, empowering net-new prospects to open accounts in under three minutes, enabling existing account holders to open additional accounts with just one click, and reducing fraud by as much as 67%. Business Deposit Origination by MANTL is a first-of-its-kind solution that reimagines account opening for businesses of all sizes by automating up to 97% of application decisions. MANTL customers raise billions in core deposits each month. Founded in 2016, MANTL is a privately held company headquartered in New York with the backing of prominent venture capital investors. For more information, visit mantl.com or follow MANTL on LinkedIn.

About Educational Systems Federal Credit Union
Educational Systems Federal Credit Union is a member-owned, not-for-profit financial cooperative, formed in 1955 to serve the education community. With $1.3 billion in assets, 13 branches and 85,000 members, the Credit Union is committed to its vision to make financial wellness and stability accessible for all the communities they serve.

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