ATLANTA, Dec. 13, 2013 – CetoLogic, a leading provider of coin and currency software and analytics solutions for financial institutions and retailers, announced that Upper Marlboro, Md.-based NASA Federal Credit Union has chosen CetoLogic’s C³ Financial, enabling the credit union to streamline cash management applications.
“NASA Federal Credit Union’s philosophy is ‘People Helping People,’ and in order for us to adhere to this mission and satisfy members’ needs, we required a solution that would help us understand their cash demands,” said Kristal Ribblett, assistant vice president of branch operations for NASA Federal Credit Union. “Our partnership with CetoLogic enhances our operational efficiencies and allows us to effectively track the movement of the credit union’s currency and coin.”
Cash is a financial institution’s largest non-earning asset, and with C³ Financial, the $1.3 billion asset NASA Federal Credit Union can easily centralize the cash ordering process to the Federal Reserve, as well as increase efficiencies in cash orders and deposits to reduce non-earning cash.
“The forecasting and integration capabilities of C³ Financial enable financial institutions, like NASA Federal Credit Union, to effectively manage all aspects of their cash management process,” said David Austin, vice president of CetoLogic. “We’re pleased to work with NASA Federal Credit Union and look forward to helping them reach their business objectives of managing cash inventory and creating efficiencies of process. “
About NASA Federal Credit Union
NASA Federal Credit Union is a not-for-profit financial cooperative owned entirely by its members and operated for the benefit of all who belong. Chartered in 1949, NASA Federal Credit Union serves the diverse needs of more than 85,000 members with a full array of financial services and the strength of over $1 billion in assets. For more information about NASA Federal Credit Union, visit their website at www.nasafcu.com.
Atlanta, Ga.-based CetoLogic provides software solutions and analytics to financial institutions and retail organizations. CetoLogic proudly services the needs of more than 1,500 clients in 50 states and Canada. CetoLogic is the designer of C³ Financial, a web-based cash forecasting and management software. CetoLogic also pioneered Deposit Reclassification, a retail sweep program designed to eliminate reserve balances. CetoLogic’s solutions improve earnings, efficiencies, risk management and operations. For more information about CetoLogic’s solutions, call 1.877.495.0687.