The Miami-based core processing provider NYMBUS announced it launched its own CUSO, CUNYMBUS. The company said the CUSO leverages an enterprise cloud platform and is the result of more than $200 million in invested capital.

“With our commitment to credit unions as partners and not just clients, we understand first-hand how credit union member expectations are changing and how financial services should be delivered,” Alex Lopatine, CEO of NYMBUS, said. “We believe in the power of credit unions collaborating and working together, and our CUSO will provide all those that join the opportunity to invest in their institutions' and members' futures.”

According to NYMBUS, CUNYMBUS credit union members will have opportunities to invest in the platform, hold board seats, have a voice in the strategic direction of the credit union platform and experience product growth. By having access to the procedural workflows and learning management system modules, it said members of the CUSO will save time and money on both operational and training costs.

CUNYMBUS also enables credit unions to discuss and create workflows, training materials, procedures and resources together. Other benefits include incident tracking, secure forms delivery and online board packets, all of which the company said leads to increased efficiency and compliance.

NYMBUS said it founded CUNYMBUS on the guiding principle of helping credit unions best serve increasingly tech-savvy members. The new CUSO merges NYMBUS' existing channels, features and pre-integrated services into a single stacked core, and includes a suite of collaborative tools that allow credit unions to share expertise seamlessly. It also offers cutting-edge software with a single point of sign-on to a central hub, developed to evolve with financial institutions.

“We launched CUNYMBUS because we believe so strongly in the collaborative nature of the credit union movement and in our ability to facilitate a higher and more productive level of collaboration using our advanced infrastructure,” Kai Ravnborg, chief product officer of CUNYMBUS, said. “We wake up every morning asking ourselves – how can we help our credit unions better serve their members?”

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).