Search
 

Navy Federal Rebuilds Its Business Lending Engine

Navy Federal Credit Union plans on rolling out the new nCino system in April.

By Jim DuPlessis | Updated on January 03, 2018

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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jim DuPlessis

Jim DuPlessis

A journalist for decades.

More from this author

Dig Deeper

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.