WASHINGTON-Credit unions seeking to lower the average age of their membership need to consider adding an online account opening and funding solution.

While some CUs have expressed trepidation over the services, the solutions have reached a sufficiently mature stage so that credit unions have been able to document very low levels of fraud, in addition to the ability to attract a younger demographic, according to uMonitor. The Memphis-base company offers uOpen and uFund for online account opening and funding, respectively.

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