Credit unions – Blog Campcee http://blogcampcee.com/ Wed, 22 Sep 2021 19:52:46 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://blogcampcee.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Credit unions – Blog Campcee http://blogcampcee.com/ 32 32 United Southeast Federal Credit Union in Tennessee appoints CEO | Journal of Credit Unions https://blogcampcee.com/united-southeast-federal-credit-union-in-tennessee-appoints-ceo-journal-of-credit-unions/ https://blogcampcee.com/united-southeast-federal-credit-union-in-tennessee-appoints-ceo-journal-of-credit-unions/#respond Wed, 22 Sep 2021 18:54:00 +0000 https://blogcampcee.com/united-southeast-federal-credit-union-in-tennessee-appoints-ceo-journal-of-credit-unions/

United Southeast Federal Credit Union in Bristol, Tennessee, has appointed Shelly Brown as president and CEO.

Brown has worked in the credit union industry for almost 35 years, including more than 20 with the $ 202 million in assets United Southeast, most recently as senior vice president of operations.

“I am honored to have been chosen as the new President and CEO of United Southeast Federal Credit Union,” Brown said in a press release. “We have a wonderful team of talented people here who are dedicated to our members and providing them with the best possible service. I am excited about the opportunity to serve our members and grow our credit union while continuing to be involved in our communities. “

Originally established in 1941 to serve the needs of employees of the Inter-Mountain Telephone Company, the USFCU has since grown to serve its members across Tennessee and Virginia.

“I am excited about the opportunity to serve our members and grow our credit union while continuing to be involved in our communities,” said Shelly Brown, who was appointed CEO of United Southeast Federal Credit Union in September.

IMAGE NEIKIRK 2021

“When the Credit Union Board of Directors faced the challenge of finding a new Chairman / CEO, we knew we had a strong ‘bench force’ within Credit Union itself,” Gary King, President of the CFSU Board of Directors, told reporters. “Shelly Brown brings years of experience in the management and operations of Credit Union to her new role as President / CEO, and he not surprisingly she was chosen to lead the CFSU in the future. ”

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Entrust Authorizes Issuance of Digital Financial Cards with Acquisition of Antelop Solutions | Business https://blogcampcee.com/entrust-authorizes-issuance-of-digital-financial-cards-with-acquisition-of-antelop-solutions-business/ https://blogcampcee.com/entrust-authorizes-issuance-of-digital-financial-cards-with-acquisition-of-antelop-solutions-business/#respond Wed, 22 Sep 2021 06:02:17 +0000 https://blogcampcee.com/entrust-authorizes-issuance-of-digital-financial-cards-with-acquisition-of-antelop-solutions-business/

MINNEAPOLIS – (BUSINESS WIRE) – September 22, 2021–

Entrust, a global leader in trusted identity, payments and data protection, today announced a definitive agreement to acquire Antelope solutions, a financial technology company that enables financial institutions to issue secure digital credit and debit cards to their customers. By combining Antelop’s solutions with the industry-leading Entrust card issuance portfolio, Entrust can help banks and financial institutions around the world create integrated and seamless digital and physical payment and payment experiences for their customers. clients.

This press release features multimedia. See the full version here: https://www.businesswire.com/news/home/20210921006052/en/

Headquartered in Paris, Antelop Solutions was founded in 2014 and its customer base includes more than 40 leading banks in 25 countries. The company has around 30 employees who will join Entrust upon the acquisition, including founder and CEO Nicolas Bruley. He will continue to lead this team to advance digital financial identification solutions at Entrust. Terms of the contract are not disclosed.

“Consumers want to transact transparently and securely, anywhere in the world and across all platforms,” said Todd Wilkinson, CEO of Entrust. “Banks, credit unions and other financial institutions need to make digital and physical card payment options secure and easy for their cardholders. Entrust is the global leader in secure payment card issuance – the combination of Entrust and Antelop Solutions will provide financial institutions with an unrivaled portfolio of digital and physical ID issuance solutions and security solutions transactions.

“We are extremely happy to join the Entrust team,” said Nicolas Bruley, CEO of Antelop Solutions. “Our revolutionary technology dramatically reduces the complexity of issuing digital payment offers. As a certified partner Visa, Mastercard and Cartes Bancaires (CB), we can offer a fast and secure integration of all the functions of the card on a single digital payment identifier. This enables banks, credit unions and other issuers to offer true digital-first payment credentials that fully align with consumers’ expectations for simplicity and security. “

Antelope A digital card solution enables banks to securely deliver and manage digital cards in customers’ mobile applications with a single software development kit (SDK). This includes token management, NFC payments, client authentication, secure interface and APIs to launch digital cards in all major mobile wallets (i.e. Apple, Google, Samsung and more) . Antelop solutions are PCI-DSS certified and allow compliance with European PSD2 regulations.

“Entrust empowers our customers to meet the challenge of next-generation payment solutions,” said Mike Baxter, senior vice president of product development at Entrust. “By integrating Antelop’s secure digital financial credential solutions into the Entrust portfolio, customers will have access to the latest thinking and innovations in the consumer payments ecosystem. Entrust has been investing in and leading innovation in financial benchmarks for over 50 years, and we expect this to continue for decades. “

The acquisition should be finalized in the coming weeks. Cornet Vincent Ségurel provided legal advice to Entrust on the transaction. To learn more about the acquisition of Antelop by Entrust, visit www.entrust.com/issuance-systems/products/software/entrust-digital-card-solution. Or if you participate Silver 20/20 Europe in Amsterdam come and see us in Hall 1 at stand D60.

About Antelop Solutions

Founded in 2014, Antelope is the Digital Card Partner of banks, certified Visa, Mastercard and CB, responding to their digitalization challenges. The company is digitizing secure cards and banking apps, enabling banks to go mobile and deploy fully digital card functionality into their mobile apps through a single software development kit (SDK). Supported by major international partners, Antelop’s solutions are active with more than 40 banks in more than 25 countries. Learn more about www.antelop-solutions.com.

About Entrust Corporation

Entrust safely moves the world forward by enabling trusted identities, payments and data protection. Now more than ever, people demand seamless and secure experiences, whether they cross borders, make a purchase, access eGovernment services, or connect to corporate networks. Entrust offers an unrivaled range of digital security and credential issuance solutions at the heart of all these interactions. With over 2,500 colleagues, a network of global partners, and customers in over 150 countries, it’s no wonder the world’s most trusted organizations trust us. For more information visit www.entrust.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210921006052/en/

CONTACT: Media contact:

Ken Kadet, Vice-President, Public Relations, Entrust

952-937-1154 |ken.kadet@entrust.com

KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA

INDUSTRY KEYWORD: INTERNET SOFTWARE FINANCE BANKING DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY SECURITY

SOURCE: entrust

Copyright Business Wire 2021.

PUB: 09/22/2021 02: 00 / DISC: 09/22/2021 02:02

http://www.businesswire.com/news/home/20210921006052/en

Copyright Business Wire 2021.

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Alaska USA wonders about its DCI journey: “Can we do better? “ https://blogcampcee.com/alaska-usa-wonders-about-its-dci-journey-can-we-do-better/ https://blogcampcee.com/alaska-usa-wonders-about-its-dci-journey-can-we-do-better/#respond Tue, 21 Sep 2021 17:30:26 +0000 https://blogcampcee.com/alaska-usa-wonders-about-its-dci-journey-can-we-do-better/
DCI Advisory Committee members holding an award from the African American Credit Union Coalition. (Source: Alaska United States)

Diversity, Equity and Inclusion (DCI) has become a magnet for the credit union industry, especially since DCI became the eighth cooperative principle last year. DCI momentum continues to build as the Alaska USA Federal Credit Union announced that it has organized a new DCI advisory committee for the credit union.

The Anchorage, Alaska-based credit union ($ 10.3 billion in assets, 707,604 members) said on Monday it had created the new DCI advisory board to focus on delivering growth opportunities careers for internal talent; and investing financially in organizations that “improve society by recognizing differences and improving access to careers in financial services.”

According to Alaska USA, leaders were inspired by the racial justice protests in 2020, which made them wonder, “Can we do better?” The answer was ‘yes’.

In a statement released Monday, Shannon Conley, executive director of retail financial services for Alaska USA and ambassador for the DCI advisory board, said: “Our country and the world have witnessed many events involving discrimination, hatred and cruelty. As an organization, we have a social responsibility to be part of the solution.

According to Alaska USA, the credit union has made $ 75,000 in financial investments over the past ten months to the African American Credit Union Coalition (AACUC), the Global Women’s Leadership Network and the Filene Research Institute Center of Excellence. for diversity, equity and inclusion.

Conley said, “As credit unions and the broader business community have embraced diversity, equity and inclusion in meaningful and positive ways, we have also accelerated our journey. We have seen first-hand the value of cross-cultural discussions and new collaborative partnerships that will continue to guide our interactions, help us understand our commonalities, and unite in our commitment to evolve our internal and external communities.

It should be noted that recently Senior Vice President of Corporate Relations and DCI Alaska USA Advisory Board Member Dan McCue was inducted into the AACUS Hall of Fame for his work over the years. years aimed at increasing diversity within the credit union industry.

As part of DCI’s newly focused credit union efforts, Alaska USA has launched a DCI Employee Resource page to provide volunteer opportunities and update the employee base on more investments and goals. wide of DEI.

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The law on tax declaration presents data collection and confidentiality problems; … https://blogcampcee.com/the-law-on-tax-declaration-presents-data-collection-and-confidentiality-problems/ https://blogcampcee.com/the-law-on-tax-declaration-presents-data-collection-and-confidentiality-problems/#respond Mon, 20 Sep 2021 17:10:32 +0000 https://blogcampcee.com/the-law-on-tax-declaration-presents-data-collection-and-confidentiality-problems/

ACA International joined more than 40 business groups representing financial and business interests in a letter urging House Speaker Nancy Pelosi, D-Calif., Minority Leader Kevin McCarthy, R-Calif., And members of the US House of Representatives not to move forward with a proposal under consideration as part of the reconciliation package that would establish a new extended tax information reporting requirement with important implications for consumers and consumers alike. small businesses with bank accounts.

“This proposal, as described by the Treasury Department, would require financial institutions and other financial service providers to track and submit to the IRS information on the inflows and outflows of each account above a de minimis threshold of $ 600 during the year, including cash allocations, ”the letter said. “While the stated goal of this vast data collection is to uncover tax evasion by the wealthy, this proposal does not remotely target that goal or that population. In addition to significant privacy concerns, it would create enormous liability for all parties involved in requiring the collection of financial information for almost all Americans without a proper explanation of how the IRS will store, protect and use this huge treasure trove of personal financial information. We believe this program is costly for all parties, that it is not suited to its objective and that it has the potential for unforeseen and serious negative consequences. ”

The House returned from a six-week recess on Monday.

The House and Senate passed a resolution detailing the budget, including instructions for committees to allocate the $ 3.5 trillion in spending and add political details, NPR Reports.

“For taxpayers, individuals and small businesses, the complexity of collecting this information will be invisible, but when tax season arrives, they will be faced with an IRS with vast new datasets to mine and new questions about it. activity of accounts which may have no evidence. link with tax liability. Confusion among taxpayers and tax preparation costs will increase, ”the letter said, adding that the proposal would undermine efforts to reach vulnerable populations and unbanked households.

Industry trade groups that signed the letter include the Consumer Bankers Association. American Bankers Association, SIFMA, Independent Community Bankers of America, Air Conditioning Contractors of America, National Association for the Self-Employed, Global Cold Chain Alliance, Specialty Equipment Market Association, ACA International, Independent Insurance Agents & Brokers of America, Independent Electrical Contractors , AICC, The Independent, Packaging Association, National Stone, Sand & Gravel Association, Credit Union National Association, Electronic Transactions Association, Southwest Cable, Communications Association, National Independent Automobile Dealers Association, Decorative Hardwoods Association, Energy Marketers of America, Brick Industry Association , Pet Industry Distributors Association, National, Association of Professional Insurance Agents, American Financial Services Association, Community Development Bankers Association, Commercial Food Equipment Service Association, Innovative Lending Platform Association, National Bankers Association, National Asso c Association of Federally Insured Credit Unions, American Land Title Association, Auto Care Association, International Franchise Association, Promotional Products Association International, Mortgage Bankers Association, America’s SBDC, Mid-Size Bank Coalition of America, Manufactured Housing Institute, National RV Dealers Association and the National Federation of Independent Business.

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Aspire Credit Union named one of America’s 200 Healthiest Credit Unions | News, Sports, Jobs https://blogcampcee.com/aspire-credit-union-named-one-of-americas-200-healthiest-credit-unions-news-sports-jobs/ https://blogcampcee.com/aspire-credit-union-named-one-of-americas-200-healthiest-credit-unions-news-sports-jobs/#respond Mon, 20 Sep 2021 06:30:55 +0000 https://blogcampcee.com/aspire-credit-union-named-one-of-americas-200-healthiest-credit-unions-news-sports-jobs/

Aspire Credit Union recently announced that it is among the 200 healthiest credit unions in the country according to a recent study conducted by DepositAccount.com, a subdivision of Lending Tree. The institution received an A + rating, ranking the organization in the top 5% of the country. The A + rating was given after DepositAccounts.com reviewed the financial health of the institution.

“We are honored and proud to be on this list as we strive to provide excellent service and great rates to our members while maintaining the safety and soundness of the credit union,” said Mindee Kohlman, CEO of Aspire Credit Union.

DepositAccount.com reviews all federally insured credit unions from the NCUA (and banks insured by the FDIC) quarterly. Upon completion of the exam, Aspire Credit Union was ranked 149th on its list of 200 and is one of three credit unions in the state of North Dakota to receive this national recognition. During the review, 2,943 establishments were assessed.

Aspire Credit Union (formerly Prairie Federal Credit Union) is located at 1430 South Broadway, Minot.

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Limerick credit unions can now invest in new EUR 800 million CU AHB fund for social housing in Limerick https://blogcampcee.com/limerick-credit-unions-can-now-invest-in-new-eur-800-million-cu-ahb-fund-for-social-housing-in-limerick/ https://blogcampcee.com/limerick-credit-unions-can-now-invest-in-new-eur-800-million-cu-ahb-fund-for-social-housing-in-limerick/#respond Sun, 19 Sep 2021 15:11:56 +0000 https://blogcampcee.com/limerick-credit-unions-can-now-invest-in-new-eur-800-million-cu-ahb-fund-for-social-housing-in-limerick/

A new CU AHB (Credit Union Approved Housing Body Fund), launched today, will oversee up to € 800 million of investments in social and affordable housing, with an initial investment of € 200 million over the course of the next 12 months.

This fully licensed and regulated fund is a unique collaboration between credit unions and Tier 3 AHBs and paves the way for credit unions nationwide to invest in Tier 3 AHBs. The announcement was widely welcomed. for its collaborative approach to helping resolve the housing crisis. The planned initial investment of 200 million euros by credit unions will allow the delivery of more than 1,000 homes, with the Fund finally being approved for an investment of up to 800 million euros in the medium and long term.

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The Fund’s donors have been engaging in the regulatory process with the Central Bank since early 2020 to obtain final authorization. The CU AHB fund is a separate regulated entity which has been established as a sub-fund of Multaque Funds ICAV (an Irish collective asset vehicle) which, subject to regulation, will allow the establishment of other similar funds of credit unions . This will allow credit unions across the country to play a greater role in solving the housing crisis in the country, a specific goal of the Fund’s donors.

The Fund was created with the support of four credit unions: Core, Dubco, Heritage and Progressive and is open to all credit unions in the country to invest. Donal Coghlan will serve as a director of the Fund and will be joined on the board by the Chairman, Brian Murphy and Patrick O’Sullivan. Coghlan has played a leading role in restructuring the credit union industry, as CEO of the Credit Union Restructuring Board.

CU AHB Fund President Brian Murphy said: “The value to society of launching the CU AHB Fund, which brings together two pillar institutions of local communities, to support government efforts to address the national housing crisis. , is huge. The government has pledged to provide 90,000 social housing units by 2030, which will require innovative financing and housing solutions. Deploying some of the Credit Union’s huge excess liquidity is one such solution and a new source of housing finance. This investment fund is an exciting partnership between the credit union sector, trusted institutions embedded in every community across the country, and Tier 3 approved housing organizations, which will provide long-term funding to enable AHBs to provide housing that the local communities badly need ”.

The Fund will provide loans to AHBs as part of their designated mandate to provide social, affordable and appropriate housing.

Loans can be issued up to a maximum term of 25 years and will be secured by assets guaranteed by the government for repayments

To date, the House Finance Agency has provided up to 80% of the funding needed for AHBs.

The CU AHB fund is authorized by the Central Bank of Ireland as an original loan fund and is a sub-fund of Multaque Funds ICAV, an Irish collective asset vehicle. The Fund has an independent Board of Directors which has the ultimate responsibility for overseeing and ensuring that the Fund is operated in accordance with applicable legal and regulatory requirements.

Donal Coghlan, Director of the CU AHB Fund, said: “The CU AHB Fund will play a vital and tangible role in providing social housing to the Irish. We have been working very hard behind the scenes to ensure rapid deployment of investments once we have received the green light from the Central Bank. So today is an exciting day for us and for the Irish credit union movement ”.

“Everyone benefits from this new CU AHB fund. It was set up by credit unions for all credit unions. Licensed housing organizations now have a new, competitive lending partner aligned with their own values ​​and goals, while credit unions can invest their members’ money in an important and productive local initiative. It also frees up significant government resources to carry out other essential projects, while providing much-needed housing. It is basically the cooperative model operating at the highest level with ordinary people coming together and helping each other.

Although the CU AHB Fund is permitted to invest in the construction and / or purchase of new portfolios, the initial focus is on purchasing completed developments in order to ensure prompt delivery and avoid constraints or delays in planning or the availability of labor and materials.

Minister of State for Credit Unions Sean Fleming said: “I would like to commend the credit unions involved in establishing a fund authorized by the Central Bank to invest in licensed housing organizations. Since I became Minister, it has been a personal priority of mine to facilitate the investment of credit unions in large-scale social housing projects. This is a very important step for the sector. This new fund will help support the implementation of our Housing for All action plan, which is the largest state-led construction program in Irish history. Progress by the Credit Union Approved Housing Body Fund and other companies should inspire further collaborative efforts. In the coming months, I will present new policy proposals to help develop and support credit unions. “

Camille Loftus, Executive Director of Housing Alliance, says: “The Housing Alliance is a collaboration between six of the largest licensed housing organizations in Ireland, providing around four out of ten social housing units currently under construction across the country. The Housing Alliance welcomes the advent of a new source of development finance for badly needed social housing. Many Housing Alliance residents are members of Credit Union, and this initiative highlights a core value of both: harnessing our collective resources to build vibrant and resilient communities.

Level 3 AHBs are larger accredited housing organizations, with over 300 housing units on their books and are granted status approved by the Department of Housing, Planning and Local Government under section 6 of the Housing (Miscellaneous Provisions) Act 1992 (the “Housing Act”). There are currently 23 AHB Level 3 registered.

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Eastman Credit Union innovates at the Clinchfield site | New https://blogcampcee.com/eastman-credit-union-innovates-at-the-clinchfield-site-new/ https://blogcampcee.com/eastman-credit-union-innovates-at-the-clinchfield-site-new/#respond Sat, 18 Sep 2021 03:30:00 +0000 https://blogcampcee.com/eastman-credit-union-innovates-at-the-clinchfield-site-new/

{span id = “docs-internal-guid-dbc60ba6-7fff-7297-2485-88ea073ce95b”} {span id = “docs-internal-guid-dbc60ba6-7fff-7297-2485-88ea073ce95b”}KINGSPORT – Eastman Credit Union looked to the future on Thursday as local officials and ECU staff inaugurated the site of its next facility at the corner of Clinchfield and West Market streets.

The new downtown location will offer multiple drive-thru lanes, curbside assistance and two lanes with interactive ATMs. These offer a video option that provides members with cashier assistance as needed. The new ECU location is expected to open in spring 2022.. {/ span} {/ span}

{span id = “docs-internal-guid-dbc60ba6-7fff-7297-2485-88ea073ce95b”} {span id = “docs-internal-guid-dbc60ba6-7fff-7297-2485-88ea073ce95b”}ECU is one of the largest credit unions in the country, with $ 6.7 billion in assets. ECU is a non-profit financial services cooperative serving over 270,000 members across 32 locations. ECU members have access to more than 56,200 free ATMs across the country, as well as a range of financial services, including free checks and free online banking.{/ span} {/ span}

{span id = “docs-internal-guid-dbc60ba6-7fff-7297-2485-88ea073ce95b”} {span id = “docs-internal-guid-dbc60ba6-7fff-7297-2485-88ea073ce95b”}For more information, visit www.ecu.org or call (800) 999-2328.{/ span} {/ span}

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CUNA Calls on Congressional Leaders to Oppose Increased Reporting Requirements | 2021-09-17 https://blogcampcee.com/cuna-calls-on-congressional-leaders-to-oppose-increased-reporting-requirements-2021-09-17/ https://blogcampcee.com/cuna-calls-on-congressional-leaders-to-oppose-increased-reporting-requirements-2021-09-17/#respond Fri, 17 Sep 2021 20:46:00 +0000 https://blogcampcee.com/cuna-calls-on-congressional-leaders-to-oppose-increased-reporting-requirements-2021-09-17/

CUNA on Friday joined dozens of organizations calling on congressional leaders to oppose any effort to advance the Internal Revenue Service’s expanded reporting requirements. Language demanding increased reporting was discussed as part of the House infrastructure legislation, but the House Ways and Means Committee passed the bill on Wednesday without including it.

Provisions requiring financial institutions to track and submit to the IRS information on the inflows and outflows of each account above a de minimis threshold of $ 600 during the year, including breakdowns of treasury, were discussed in the framework of the infrastructure negotiations.

CUNA issued an action alert calling on stakeholders to share their concerns with Capitol Hill, and on Friday more than 170,000 messages were sent.

“While the stated goal of this vast data collection is to uncover tax evasion by the wealthy, this proposal does not remotely target that goal or that population,” reads CUNA’s joint letter to CUNA leaders. bedroom. “In addition to significant privacy concerns, it would create enormous liability for all parties involved in requiring the collection of financial information for almost all Americans without a proper explanation of how the IRS will store, protect and use this enormous treasure. personal financial information. . “

A separate joint letter written to House and Senate leaders cites a recent poll by Morning consultation showing that two-thirds of voters (67%) oppose proposals to transfer more bank data to the IRS.

“The opposition is bipartisan, with more than half of the voters (53%) strongly opposed and only 22% in favor,” the letter read. “Comprehensive and indiscriminate data collection would amount to a troubling effort to profile US taxpayers based on the characteristics of accounts without grounds for suspicion of tax evasion. Such profiling is inappropriate in all law enforcement contexts.

CUNA wrote to the House Ways and Means Committee ahead of the markup and called on the leagues to support a letter signed by more than 140 members of Congress sharing similar concerns.

CUNA continues to call on credit union advocates to use its Popular action center to send a message outlining concerns about the proposal, which was discussed under the Build Better Act. Credit unions can also activate their members to send messages to Capitol Hill through CUNA Membership Activation Program (MAP) Community.

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U.Va. Credit Union President and CEO retires https://blogcampcee.com/u-va-credit-union-president-and-ceo-retires/ https://blogcampcee.com/u-va-credit-union-president-and-ceo-retires/#respond Fri, 17 Sep 2021 20:43:14 +0000 https://blogcampcee.com/u-va-credit-union-president-and-ceo-retires/

Alison DeTuncq leaves after 32 years

Posted

September 17, 2021




through

Kate andrews


Alison DeTuncq, President and CEO of the Community Credit Union at the University of Virginia

Alison DeTuncq, who served for 22 years as president and CEO of the University of Virginia Community Credit Union in Charlottesville, plans to retire in May 2022, the institution announced this week.

She began her career with the credit union 32 years ago, and during her tenure as head of the cooperative, the assets of the credit union grew from $ 130 million to over $ 1.3 billion. of dollars. DeTuncq oversaw three charter expansions that brought membership to 20 counties and five cities, as well as branch count to 18, and she was the originator of the credit union’s award-winning financial literacy program. which has spread to other Virginia credit unions, as well as a participant in the Internal Revenue Service’s Volunteer Income Tax Assistance program, which provides free tax preparation services. The credit union employs 250 people and has 70,000 members, individuals and businesses.

“It has been the greatest honor of my life to serve as CEO of the credit union and be part of the credit union movement,” she said in a statement. “I am so grateful to the amazing team I have had the privilege to work with for so many years, from the dedicated volunteer board and committee members, to the amazing staff who have been so committed to success. of our credit union. ”

DeTuncq, who has held several positions in the Virginia Credit Union League and won his Eugene H. Farley Jr. Award of Excellence, is also President and CEO of U.Va. The mortgage business of Community Credit Union, Member Options LLC, and sits on its board of directors. She was also the first chairwoman of the board of directors of VIZO Financial Corporate Credit Union after its merger.

The U.Va. The Community Credit Union Board of Directors has partnered with Shanley Search Partners to find DeTuncq’s successor.

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MX and Mahalo Technologies to Provide Financial Data Solutions to Credit Unions https://blogcampcee.com/mx-and-mahalo-technologies-to-provide-financial-data-solutions-to-credit-unions/ https://blogcampcee.com/mx-and-mahalo-technologies-to-provide-financial-data-solutions-to-credit-unions/#respond Fri, 17 Sep 2021 14:57:27 +0000 https://blogcampcee.com/mx-and-mahalo-technologies-to-provide-financial-data-solutions-to-credit-unions/

MX and Mahalo Technologies announced a new partnership.

Through their partnership, companies will aim to provide financial datas solutions, ideas and tools that can be used by credit unions. They will also focus on supporting members to become financially independent.

MX, which is the financial data platform and key player in modern connectivity, will work closely with Mahalo Technologies, an online service provider and mobile banking services for credit unions.

As reported by Finextra, Mahalo and MX will provide financial service providers with a comprehensive and intuitive experience of the two companies’ combined technology platforms through deep technology integrations into core banking services – via Mahalo – and data enhancement – via MX – enabling and supporting actionable information to promote member growth and engagement.

PrimeWay Federal Credit Union, established in 1937 and with eight different locations in the Houston area, would be Mahalo and MX’s first joint customer.

Denny howell, COO, Mahalo Banking, said:

“The Mahalo team having over 50 years of combined experience in credit unions, we were impressed with the MX financial data platform. Its robust functionality fits well with the information credit unions want to share and to which their members have access. It was natural to forge this partnership to continue to provide an improved and even stronger combined solution to our mutual partner credit unions. “

Don Parker, EVP Partnerships, MX, noted:

“Our commitment to helping transform the digital experience for all financial institutions made the decision to partner with Mahalo easier. We have shared resources, a benchmark partnership agreement and integration between MX and Mahalo that will allow joint customers to be more competitive with the use of technology and improve the financial well-being and engagement of their members.

MX Technologies, the financial data platform and leader in modern connectivity, aims to help organizations connect to the world’s financial data and “turn raw, unstructured data into their most valuable asset to deliver business experiences. smart and personalized money ”.

MX connects more than 16,000 financial institutions and fintech companies providing “the most reliable and secure data connectivity network in the industry”.

As its management noted, MX Technologies improves financial data by “cleaning up, categorizing and adding metadata that enables organizations to deliver personalized experiences, reduce fraud, approve loans faster, and help them. customers to save and invest smarter ”.

Founded in 2010, MX Technologies claims to be one of the fastest growing Fintech companies. It is said to have “powered 85% of digital banking providers, as well as thousands of banks, credit unions and fintech, with a combined reach of over 200 million consumers.”

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