September 28, 2011 San Francisco-based electronic signature provider DocuSign announced this week that more than 200 credit unions across the nation have signed on to use its e-signature solution. The solution aims to help credit unions streamline account openings, consumer loan processing and internal approvals, which in turn helps to accelerate revenue, reduce costs and enhance member satisfaction for the credit unions, according to the company.

Among the larger credit unions that have decided to use the solution are Chicago-based Alliant ($7 billion in assets); Riverdale, Utah-based America First ($5 billion); Indianapolis, Ind.-based Eli Lilly Federal ($781 million) and Austin-based University Federal ($983 million). "The speed of the electronic signature and loan process really impresses our members," said Rebecca Delich, chief loan officer at Illinois State Police Federal Credit Union ($67 million), another institution that is using DocuSign. "Everyone would rather sign electronically."

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