Toronto, Canada – June 30, 2005: Portfoli+ Inc. is pleased to announce that Grand River Credit Union, located in Waterloo, Ontario, Canada, has selected Portfolio Plus as the credit union software platform to merge the operations of Brant Credit Union and Waterloo Regional Credit Union.
"From a strategic credit union perspective, the capabilities of Portfolio+ Inc.’s banking architecture make it an easy decision." says Gord Harrison, CFO of Grand River. "Portfolio Plus not only satisfies our current requirements for retail, loans, and investments, but has also proven itself in the market to be a system that can accommodate rapid change in volume and functionality. We will leverage these capabilities as we execute our business plan."
"We’re happy that Grand River has made a strategic decision to grow their business and made Portfolio Plus their platform of choice." says G. Robert Leeming, president of Portfolio+ Inc. "As a vendor there is nothing more gratifying than seeing your product used strategically. Congratulations to Grand River on their continued success."
Portfolio+ enables banks and credit unions to grow rapidly in transaction volume and functionality because of its Plug-In Banking architecture.
Grand River Credit Union was formed on October 1, 2004, through the amalgamation of Brant Community Credit Union and Waterloo Regional Credit Union. Both credit unions have similar histories, with their original charters granted in 1947 (WRCU) and 1949 (BCCU). This amalgamation has provided a stronger market presence, with an increased ability to continue to grow and further build financial strength. GRCU serves over 21,000 members with over $250 million in assets.
Portfolio+ Inc. connects financial institutions with customers and partners using innovative technologies. Its software solutions and open banking technology are used by financial institutions in Canada, Ireland, and the UK. With its powerful +Open Banking Platform and fully documented APIs, Portfolio+ has the power to connect banks, credit unions, and financial institutions with an evolving ecosystem of financial services technology that is putting everyday customers in control of their financial data.
Located in the Greater Toronto Area (GTA), Portfolio+ is used by 6 of the 7 largest financial institutions in Canada and is a part of Volaris Group Inc.