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Nationwide Utility Industry Credit Union Steps Up Its Virtual Business Model

Nationwide Utility Industry Credit Union Steps Up Its Virtual Business Model











Utilities Employees Credit Union will unveil new mobile and home banking platforms powered by Jwaala, later this year.


Wyomissing, PA (PRWEB) April 12, 2012

The credit union that serves 45,000 members and 600 companies in the nation’s utility and energy sector has announced it will offer mobile banking and expand its online services later this year. Utilities Employees Credit Union (UECU) recently signed a contract with the Jwaala software company to take its suite of convenient financial “E-services” to a new level.

“UECU has always been a ‘virtual credit union’ serving a widely-dispersed membership,” says Glen A. Yeager, UECU President and Chief Executive Officer. “The upgraded online and mobile banking platforms will further empower our members and simplify management of their finances.”

Providing high-quality, nationwide account access to its member customers has long been a priority for UECU. For more than 75 years, UECU has operated without a branch system, initially handling its long-distance transactions by mail and electronic fund networks until they added around-the-clock phone banking and then online banking, in 1994 and 2001. Its virtual business model allows UECU to provide financial benefits to companies and employees in the utility and energy industry wherever they expand or relocate throughout the nation.

UECU saw an opportunity to further enhance and personalize their members’ online banking experience while adding even greater customer security, by upgrading to a system offered by the Austin based company, Jwaala. The credit union will add mobile banking and combine the free online services it currently offers – including online banking, phone line banking, online bill pay, account E-Notifications, remote check deposit, account E-Statements, internal as well as external fund transfers, and online loan applications – into a new banking platform that can be personally tailored by each member.

“The enhanced system will be more intuitive to use and individuals will be able to customize their own dashboards,” says Yeager. “At log-in, they can immediately view the information deemed most important to managing their finances on a single screen.”

The UECU organization will roll out the new platform later this year and is now planning ahead to provide members with an easy transition and to educate them about new online features. UECU members will receive added personal finance tools to track transactions, establish budgets and goals, and securely store personal documents like their receipts. Users will now be able to categorize, search, sort, and graph their financial information and account transactions. UECU will also enhance online opportunities for families to manage their financial accounts together.

To learn more about Utilities Employees Credit Union, visit http://www.uecu.org.

About Utilities Employees Credit Union

Utilities Employees Credit Union is a nationwide, virtual credit union providing financial services to utility and energy workers and their families since 1934. Its membership includes the employees of 600 companies and members of Energy People Connect, an association for individuals currently employed or pursuing employment in the energy industry. In 2011, UECU received the distinction of joining the less than one percent of U.S. credit unions to receive an A+ “Excellent” Weiss Rating for financial soundness and one of the few financial institutions to reward its members with a year-end bonus dividend, which last year totaled $ 1.2 million.

About Jwaala

Jwaala is leading the way to a new era of online and mobile banking with a powerful, feature rich and highly extensible platform called Better Online Banking™. Going beyond balances, transaction lists and bolt-on feature sets, Better Online Banking™ delivers a functional and modern online experience consumers love.






















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New Endoscope Manufacturing Industry Research Report by IBISWorld; Rising Demand for Minimally Invasive Surgery Will Help Offset Device Taxes

New Endoscope Manufacturing Industry Research Report by IBISWorld; Rising Demand for Minimally Invasive Surgery Will Help Offset Device Taxes











IBISWorld Market Research


(PRWEB) November 28, 2011

The Endoscope Manufacturing industry has experienced strong revenue growth recently and is forecast to continue expanding. Since 2006, revenue increased by an average annual rate of 14.4% to $ 1.8 billion in 2011, and it is expected to grow by 7.4% in 2011 alone. The US economic downturn did little to deter hospitals and other customers from buying medical devices like endoscopes. The aging US population is a major factor driving demand, since the occurrence of health issues that require medical devices is higher in the elderly population. Cancer rates are also one of the drivers of the market. There are more than one million new cases of colorectal cancer annually worldwide according to the International Agency for Research on Cancer’s Globocan project. These cases of cancer are often diagnosed or treated with endoscopic equipment. Another factor that drives demand is the rising rate of obesity. Gastric bypass and gastric-banding procedures are becoming increasingly popular for treating obesity, and endoscopic procedures are often used pre and post-operatively.

While IBISWorld projects that revenue will grow at a robust rate in the coming 5 years, expansion will not match that of the recent years. The changing regulatory environment will be the main hindrance. The Patient Protection and Affordable Care Act of 2010 will place an excise tax on medical devices, reducing industry profitability. However, minimally invasive procedures are gaining traction due to their lower costs and ability to be performed at physician’s offices versus hospitals. Office-based endoscopies are becoming more popular in fields like otolaryngology, urology, gynecology, gastroenterology and orthopedic surgery.

Foreign outsourcing of manufacturing, research and development, and other operations, combined with industry consolidation, will likely cause enterprises to decrease by 2.8% per year during the next five years. Similarly, industry employment is projected to grow at the slow average annual rate of 0.6%. Foreign players will continue their prominent role in this industry, especially countries such as Japan and Germany (which already dominate major players in this industry), as US customers face more stringent Medicare reimbursement requirements and other cost-cutting pressures. Imports are expected to constitute 39.2% of domestic demand in 2011. Major manufacturers in the US include Olympus Corporation, FujiFilm, Hoya Corporation and Medtronic

For more information on IBISWorld’s report visit the Endoscope Manufacturing Industry

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IBISWorld Industry Market Research Reports Contain:

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalization & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

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About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Related The Constitution Press Releases

Global Laparoscopic Devices Market to Reach US$8.0 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

Global Laparoscopic Devices Market to Reach US$ 8.0 Billion by 2017, According to New Report by Global Industry Analysts, Inc.











San Jose, California (PRWEB) November 16, 2011

Follow us on LinkedIn – Owing to several benefits offered by laparoscopic procedures that include minimal incisions, lesser complications, lesser post-operative trauma, quicker recovery, lesser scarring, reduced hospital stay, and lower infection rates, laparoscopic procedures are gaining popularity among patients. Additionally, cost savings offered by laparoscopy for patients, hospitals and insurance companies also play a vital role in propelling growth the world over. Furthermore, laparoscopic procedures are making a significant contribution in diagnostic and therapeutic procedures in various interventional medical disciplines. Besides their current indications, laparoscopic procedures are constantly being explored as an adjunct in other therapies for treating specific malignancies, including aortic and pelvic lymph node dissection, early cervical cancer and ovarian cancer. Introduction of various tools such as improved imaging systems, multiple robotic devices, temperature-controlled devices, and surgical instruments that offer enhanced articulation and rotation are expected to expand the use of laparoscopic techniques in future.

Global Laparoscopic Devices market witnessed contraction in sales in recent years, as the frequency of elective surgeries including functional endoscopic sinus procedures and laparoscopic bariatric procedures declined owing to recession. Market growth slumped due to consequent cuts in capital equipment expenditure and the same was clearly mirrored in advanced hardware and video equipment markets. However, recovering from the recessionary effects, the market is projected to be driven by higher requirement for functional efficiency, enhanced utilization of hand-assisted devices that reduce injuries and increasing volume of laparoscopic obesity and weight loss procedures, particularly gastric banding. Growth in the market is also backed by increasing acceptance of latest equipment including an advancing array of devices for therapeutic bronchoscopy and single port laparoscopy for enhanced GI lesion detection.

As stated by the new market research report on Laparoscopic Devices, the US continues to remain the single largest regional market. Growth in the Asia-Pacific countries, including India and China, is expected to increase further driven by rising patient population, growing preference for minimally invasive procedures, and increased establishment of private-run hospitals equipped with state-of-the-art facilities. Segment wise, Closure devices constitute the largest product segment. Fastest growth is projected to emerge from Gastric Band segment that is forecast to grow at a double-digit CAGR of about 14%. Increasing cases of obesity worldwide is driving volume of laparoscopic adjustable gastric banding (LAGB) procedure. The LAGB procedure significantly reduces intake of food and subsequent fat absorption, with lesser critical complications when compared to the other popular procedures including gastric bypass surgery.

The laparoscopy/endoscopy market on the global front is consolidated. A small number of companies lead the global market, while the remaining marketplace constitutes research organizations, startup firms and small ventures. Major players profiled in the report include Allergan, Inc., Aesculap AG, Boston Scientific Corp., Cardinal Health, Inc., Covidien Ltd., Ethicon Endo-Surgery, Inc. Karl Storz GmbH & Co. KG, Microline Surgical, Olympus Medical Systems Corp., Smith & Nephew, Inc., and STRYKER Corp.

The research report titled “Laparoscopic Devices: A Global Strategic Business Report” announced by Global Industry Analysts, Inc. provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for product segments such as Laparoscopes; Trocars; Insufflation and Suction/ Irrigation Devices; Closure Devices; Hand Instruments; Direct Energy Devices; Gastric Band; Hand-Assist Devices; and Other Laparoscopic Devices, across geographic markets such as the US, Japan, Europe and Rest of World.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Laparoscopic_Devices_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

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Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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