The nation’s largest credit union is a relatively small player in business lending, but a vender announcement Wednesday signaled Navy Federal Credit Union has aspirations to expand its portfolio, focusing on small businesses.

Navy FCU ($83.7 billion in assets, 7.4 million members) said it will use the bank operating system of nCino, a cloud banking software developer based in Wilmington, N.C. Chicago-based West Monroe Partners is expected to complete the installation of the nCino software in April.

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Jim DuPlessis

A journalist for decades.

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