Tagged: credit union

Fintech Greenlight Introduces Credit Union Service Organization and Investment from Curql

Greenlight Financial Technology, Inc., the fintech company on a mission to help parents raise financially smart kids, announced that it has formed a Credit Union Service Organization, Greenlight Financial CUSO, in order “to better serve and support credit unions, their members, and families nationwide.” Through… Read More

TransUnion Report Shows 2023 Credit Union Data Shifts

Data from TransUnion shows that rising interest rates have pooped the credit union account origination party. The newly released Q3 Credit Union Market Perspectives Report can be viewed here. Interestingly, borrowers continue to take advantage of existing credit lines as balances across most credit products… Read More

Fraud Prevention: Financial Institutions Combat Fraudulent Activities with Video Verify from Eltropy

Credit unions and community banks, facing a surge in sophisticated fraud along with the challenge of protecting their members’ personal information, are “taking proactive steps to combat this alarming trend.” As the financial industry grapples with increasing fraud threats, community financial institutions (CFIs) are “turning… Read More

Credit Union Core Processor Corelation Signs Mountain American Credit Union

Credit union core processor Corelation, Inc. recently announced that Mountain America Credit Union ($15.8 billion assets; 1.12 million members; Sandy, UT) has signed on to convert to the KeyStone core. Mountain America Credit Union is presently the 12th-largest credit union in the United States, serving… Read More

Mahalo Banking Secures $20M to Accelerate Growth in Mobile, Online Banking Solutions

Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, completed a $20 million funding round this month that was “led by Ohio-based Superior Credit Union, Ky.-based Park Community Credit Union and Del.-based Dover Federal Credit Union.” The additional capital “enables… Read More

AvidXchange Teams Up with MDT, Expands Invoice-to-Pay Solution for Credit Unions

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced a referral partnership with Member Driven Technologies (MDT), a credit union service organization. MDT hosts the Episys® core platform from Symitar®… Read More

Levo Credit Union Deploys Scienaptic’s AI enhanced Credit Decision Platform to Streamline Loan Approvals

Global AI-enhanced credit decision platform provider Scienaptic AI recently announced that Levo Credit Union, a 30,000 member strong credit union serving the South Dakota region, “is live on its platform.” Scienaptic’s platform will “allow Levo to increase approval rates, augment its credit decisioning process and… Read More

Online Lending Software Firm Blend Explains How its Solutions Help Banks Offer Comprehensive Digital Experiences

Digital lending software provider Blend (NYSE:BLND) notes that the financial services sector is changing, and ensuring loyalty is “increasingly difficult.” Blend writes in a blog post that clients are now looking for all-digital experiences that are fast, easy, as well as more efficient. And they… Read More

Digital Transformation: Constellation Digital Partners Introduce New Service for Farmers Insurance Federal Credit Union

Constellation Digital Partners have introduced a digital service for Farmers Insurance Federal Credit Union (FIGFCU) on the Constellation platform. This launch reportedly includes support for member enrollment and authentication, with Android and iOS application support. The digital service FIGFCU comes with a location finder from… Read More

Canadian Grow and Conexus Align: Saskatchewan Welcomes Online Lending

Conexus, Saskatchewan’s largest credit union, announced a partnership with Grow (formerly Grouplend), Canada’s fast growing fintech company, to bring online lending to Saskatchewan. This new partnership will allow residents of Saskatchewan access to Grow through one of Canada’s “most trusted and forward thinking” financial institutions…. Read More

Callahan & Associates Announces Strategic Partnership with GrowthFountain Opening Crowdfunding Opportunities for Millions of Credit Union Members

Callahan & Associates, an innovative thought leader to credit union industry decision-makers, and GrowthFountain, a crowdfunding marketplace, have announced a strategic partnership to provide credit union members with both the ability to invest locally and raise capital as entrepreneurs. The JOBS Act, signed into law… Read More