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Merced school employees credit union gets mobile services for members

Fiserv, Inc., a provider of financial services and technology, said Merced School Employees Federal Credit Union has given its members access to mobile financial services with Mobile Money from Fiserv.

Mobile Money lets users transfer funds between accounts, check balances, pay bills and receive alerts, such as payment notifications and account balance transfer alerts, on any mobile device, according to a news release from the company.

Credit union members can access the service by using text messaging or through a mobile browser. Members can sign up for Mobile Money through the CU@home Internet banking service at or by visiting a credit union branch, Fiserv said.

The credit union’s member base includes school employees and high school students in Merced and Mariposa counties, as well as employees and students at UC Merced and Merced College. The credit union launched mobile banking to appeal to students, but initial feedback indicated that the service is being adopted by a broad range of members, the Fiserv news release said.

“Increasingly, people want to bank on the run, and that means being able to access their accounts from a mobile device,” Nancy Deavours, CEO of the credit union, said in the news release.

Fiserv’s stock symbol on the NASDAQ is FISV.

As of Aug. 31, 2009, the credit union had 36,106 members, according to its Web site. Shares totaled $342.6 million and loans $202 million as of that date.