Mobiloil Credit Union joins Atria’s CUSO Financial

Access to Atria’s Award-Winning Tech Cited as Driver for Credit Union’s Affiliation

NEWS BRIEF 3 Industry

The southeastern Texas-based $1 billion Mobiloil Credit Union (Mobiloil) joined Atria’s CUSO Financial (CFS) to gain access to its award-winning advisor and member technology solutions, according to a recent announcement. This multi-year agreement with Mobiloil aims to support and grow the credit union’s wealth management program, CFS said in a release.

Established in 1935 as Magnolia Employees Beaumont Texas Federal Credit Union, Mobiloil serves nearly 75,000 members with over $1 billion in assets from 12 branches throughout the state.

Mobiloil members now have access to the Clear1 portal and mobile app. As Digital Wealth News has reported in the past, these tools have driven growth in this often-overlooked part of the industry. The Atria tool is “an intuitive and co-branded member portal and mobile app built with a single sign-on integration from the credit union’s home banking website.” Clear1 is designed to provide “a seamless connection between members’ wealth management services and their credit union’s services.”

“For 26 years, the CFS team has focused on serving credit unions, so they deeply understand our needs as a financial institution and can empower us to serve our members with a truly holistic approach to financial planning,” Mobiloil President and CEO John Doucet said in a statement. “We [are] committed to enriching our members’ lives one experience at a time, and our new partnership with CFS empowers us to do that at a much higher level and with significantly more ease.”

The firm’s focus on credit unions was a leading factor in Mobiloil’s decision to partner with CFS, said Tami Cain, CFS Executive Director of Business Development. The deal “underscores our unique expertise in the credit union vertical” which “equips [these institutions] with our comprehensive solutions for their members.”