Navy Federal Credit Union branch. Credit/Shutterstock
Curql, a collective of over 130 credit unions investing in fintech, announced that Navy Federal Credit Union has joined Curql Fund II, reinforcing a shared commitment to industry-wide innovation.
Navy Federal said its investment strengthens both its own member experience and the broader credit union ecosystem. By joining over 130 credit unions in the Curql network, Navy Federal is helping ensure credit unions of all sizes have access to cutting-edge technology that enhances service, security and efficiency.
“Our industry is at a critical inflection point where credit unions – large and small – must work together to remain competitive in an increasingly digital financial landscape,” Nick Evens, president/CEO of Curql Collective, said. “Navy Federal’s decision to invest in Curql Fund II is a testament to the power of collaboration and the shared vision of credit unions driving their own innovation. This move benefits not just one institution, but the entire movement, helping credit unions of all sizes access fintech that keeps them relevant and competitive.”
Aaron Aggerwal, chief lending officer at Navy Federal, added, “Fintech partnerships are essential for providing credit union members with access to innovative experiences and products, which allow them to better manage their finances.”
Through Curql Fund II, the Vienna, Va.-based Navy Federal ($180 billion in assets, 14.2 million members) is contributing to the development of fintech solutions that enhance lending automation, fraud prevention, cybersecurity and member experience tools — resources that smaller credit unions might struggle to implement alone.
“Providing the best possible service to our members is always our focus,” Navy Federal President/CEO Dietrich Kuhlmann said. “We’re proud to join the Curql Collective to help advance the goal of removing barriers for credit unions of all sizes and facilitating the implementation of fintech across the industry.”
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
