Growing credit union pipeline signals momentum for the Members Mobile CUSO model and demonstrates strong demand for mobile service as a member benefit, digital engagement platform, and new member growth opportunity
Members Mobile Inc. ("Members Mobile," the "Company") today announced that it has secured letters of intent from 12 credit unions that together serve more than 2.5 million collective members. Each credit union intends to offer Members Mobile's nationwide premium 4G/5G mobile service to its members.
The letters of intent build on Members Mobile's live partnerships with Michigan State University Federal Credit Union (MSUFCU) and Safe 1 Credit Union. The 12 credit unions span 14 states and comprise a diverse group of Credit Unions looking to strengthen existing member relationships, attract new members, or both.
Mobile service is a significant recurring expense for millions of American households, and credit unions are looking for new ways to help members save on household bills while deepening digital engagement. Members Mobile gives credit unions a turnkey way to offer mobile service as a member benefit, creating direct, recurring value for members while supporting member growth and non-interest income.
Through Members Mobile, credit union members can choose simple mobile plans, access premium nationwide 4G/5G service, receive exclusive VIM (Very Important Member) Support, and benefit from Monthly Cash ShareBacks™ paid directly into their credit union account. Members can bring their own compatible smartphone, keep their current phone number, and activate digitally in just a few clicks.
"Twelve credit unions signing letters of intent to bring Members Mobile to their members validates the strong demand we are seeing for the model," said Luis Jimenez-Tunon, Co-founder of Members Mobile. "Credit unions want to help members save on the bills that matter most, and mobile service is one of them. These partnerships have the potential to put simple, affordable mobile service, backed by institutions members already trust, within reach of more than 2.5 million credit union members."
Additionally, Members Mobile's proprietary VIMplicity™ platform connects mobile service activation with digital financial onboarding in a single app-based experience. Through its MeridianLink integration, participating credit unions can create a direct path from interest in mobile service to digital account opening, helping credit unions serve existing members and attract new ones.
"Credit unions were built to help members keep more of what they earn," said Gary Brandt, Co-founder and Chairman of Members Mobile. "Each of these credit unions is choosing to extend that mission into mobile service. Together, they demonstrate how the cooperative model can create meaningful, recurring value for members while giving credit unions a new way to support growth, engagement, and financial well-being."
Credit unions interested in partnering with Members Mobile can learn more at https://www.membersmobile.com/credit-unions. Consumers can learn more at membersmobile.com or by downloading the Members Mobile app, available in the Apple App Store and Google Play Store.
About Members Mobile
Members Mobile is a nationwide 4G/5G mobile service custom-built to help credit unions save their members money, keep them digitally connected, and deepen the financial relationship between members and their credit union. Operating as a Mobile Virtual Network Operator (MVNO) on one of the fastest nationwide 4G/5G networks, Members Mobile pairs simple, transparent plans and premium support with benefits like Full-Speed Data, Data SafetyNet™ protection, and Monthly Cash ShareBacks™ paid directly into the member’s credit union account. Through its proprietary VIMplicity™ platform and MeridianLink integration, Members Mobile connects mobile activation with digital account opening, helping credit unions drive member growth, non-interest income, and member engagement while giving members a mobile experience backed by an institution they already trust. Learn more at membersmobile.com.
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