Credit Union 1 Selects nCino to Power True Omnichannel Experience for Members
Credit Union 1 has selected nCino (NASDAQ: NCNO) to implement multiple solutions across its commercial, consumer, and indirect lending operations. The partnership aims to create a unified omnichannel experience for the credit union's nationwide membership.
With a 65-year history and 18 branches nationwide, Credit Union 1 will leverage the nCino Platform to enable faster lending while maintaining its community-focused values. The implementation is expected to deliver connected lending experiences across multiple business lines while creating efficiencies to grow loan volume.
Todd Gunderson, President and CEO of Credit Union 1, emphasized their focus on delivering modern, seamless experiences across all member touchpoints. Nicole Haverly, VP of Credit Unions at nCino, highlighted the partnership's alignment with Credit Union 1's mission to reinvest in members and contribute to community financial success.
Credit Union 1 ha selezionato nCino (NASDAQ: NCNO) per implementare diverse soluzioni nelle sue operazioni di prestiti commerciali, al consumo e indiretti. La partnership mira a creare un'esperienza omnicanale unificata per i membri della credit union a livello nazionale.
Con una storia di 65 anni e 18 filiali in tutto il paese, Credit Union 1 sfrutterà la nCino Platform per abilitare prestiti più rapidi mantenendo i suoi valori orientati alla comunità. L'implementazione dovrebbe fornire esperienze di prestito connesse attraverso più linee di business, creando al contempo efficienze per aumentare il volume dei prestiti.
Todd Gunderson, Presidente e CEO di Credit Union 1, ha sottolineato il loro impegno nel fornire esperienze moderne e fluide in tutti i punti di contatto con i membri. Nicole Haverly, VP delle Credit Union presso nCino, ha evidenziato l'allineamento della partnership con la missione di Credit Union 1 di reinvestire nei membri e contribuire al successo finanziario della comunità.
Credit Union 1 ha seleccionado nCino (NASDAQ: NCNO) para implementar múltiples soluciones en sus operaciones de préstamos comerciales, al consumidor e indirectos. La asociación tiene como objetivo crear una experiencia omnicanal unificada para los miembros de la cooperativa de crédito a nivel nacional.
Con una historia de 65 años y 18 sucursales en todo el país, Credit Union 1 aprovechará la nCino Platform para permitir préstamos más rápidos mientras mantiene sus valores centrados en la comunidad. Se espera que la implementación proporcione experiencias de préstamo conectadas a través de múltiples líneas de negocio, al tiempo que crea eficiencias para aumentar el volumen de préstamos.
Todd Gunderson, Presidente y CEO de Credit Union 1, enfatizó su enfoque en ofrecer experiencias modernas y fluidas en todos los puntos de contacto con los miembros. Nicole Haverly, VP de Cooperativas de Crédito en nCino, destacó la alineación de la asociación con la misión de Credit Union 1 de reinvertir en los miembros y contribuir al éxito financiero de la comunidad.
크레딧 유니온 1은 nCino (NASDAQ: NCNO)를 선택하여 상업, 소비자 및 간접 대출 운영 전반에 걸쳐 여러 솔루션을 구현합니다. 이 파트너십은 전국 회원을 위한 통합된 옴니채널 경험을 창출하는 것을 목표로 하고 있습니다.
65년의 역사와 18개의 지점을 보유한 크레딧 유니온 1은 nCino 플랫폼을 활용하여 지역 사회 중심의 가치를 유지하면서 더 빠른 대출을 가능하게 할 것입니다. 이 구현은 여러 비즈니스 라인에서 연결된 대출 경험을 제공하고 대출 규모를 늘리기 위한 효율성을 창출할 것으로 예상됩니다.
크레딧 유니온 1의 회장 겸 CEO인 Todd Gunderson은 모든 회원 접점에서 현대적이고 원활한 경험을 제공하는 데 중점을 두고 있다고 강조했습니다. nCino의 크레딧 유니온 부사장인 Nicole Haverly는 파트너십이 회원에게 재투자하고 지역 사회의 재정적 성공에 기여하려는 크레딧 유니온 1의 사명과 일치한다고 강조했습니다.
Credit Union 1 a sélectionné nCino (NASDAQ: NCNO) pour mettre en œuvre plusieurs solutions dans ses opérations de prêt commercial, à la consommation et indirect. Ce partenariat vise à créer une expérience omnicanale unifiée pour les membres de la coopérative de crédit à l'échelle nationale.
Avec une histoire de 65 ans et 18 agences à travers le pays, Credit Union 1 utilisera la nCino Platform pour permettre des prêts plus rapides tout en maintenant ses valeurs axées sur la communauté. La mise en œuvre devrait offrir des expériences de prêt connectées à travers plusieurs lignes d'affaires tout en créant des efficacités pour augmenter le volume des prêts.
Todd Gunderson, Président et CEO de Credit Union 1, a souligné leur engagement à fournir des expériences modernes et fluides à tous les points de contact avec les membres. Nicole Haverly, VP des Coopératives de Crédit chez nCino, a souligné l'alignement du partenariat avec la mission de Credit Union 1 de réinvestir dans les membres et de contribuer au succès financier de la communauté.
Credit Union 1 hat nCino (NASDAQ: NCNO) ausgewählt, um mehrere Lösungen in seinen kommerziellen, konsumenten- und indirekten Kreditoperationen zu implementieren. Die Partnerschaft zielt darauf ab, ein einheitliches Omnichannel-Erlebnis für die landesweite Mitgliedschaft der Kreditgenossenschaft zu schaffen.
Mit einer 65-jährigen Geschichte und 18 Filialen im ganzen Land wird Credit Union 1 die nCino-Plattform nutzen, um schnellere Kredite zu ermöglichen und gleichzeitig ihre gemeinwohlorientierten Werte zu wahren. Die Implementierung wird voraussichtlich verbundene Krediterfahrungen über mehrere Geschäftsbereiche hinweg bieten und Effizienzen schaffen, um das Kreditvolumen zu steigern.
Todd Gunderson, Präsident und CEO von Credit Union 1, betonte ihren Fokus auf die Bereitstellung moderner, nahtloser Erfahrungen an allen Kontaktpunkten mit den Mitgliedern. Nicole Haverly, VP der Kreditgenossenschaften bei nCino, hob die Übereinstimmung der Partnerschaft mit der Mission von Credit Union 1 hervor, in die Mitglieder reinvestieren und zum finanziellen Erfolg der Gemeinschaft beitragen zu wollen.
- Strategic partnership to modernize lending operations across multiple business lines
- Platform implementation expected to increase loan volume and operational efficiency
- Expansion of digital capabilities for nationwide service delivery
- None.
Insights
Credit Union 1's selection of nCino for multiple lending solutions represents a strategic win in the competitive financial technology space. The implementation across commercial, consumer, and indirect lending indicates a full-platform adoption rather than a single-point solution, which typically generates higher recurring revenue and stronger customer lock-in.
The comprehensive nature of this deployment is particularly significant for nCino's business model. Multi-solution implementations typically command higher average contract values and create opportunities for expansion revenue as customers utilize additional capabilities over time. Credit unions represent an important market segment for nCino alongside its traditional banking customers, demonstrating the platform's versatility across different financial institution types.
What's most valuable about this announcement is Credit Union 1's nationwide presence with 18 branches and its 65-year history, indicating nCino continues to win established, reputable clients. The credit union's focus on omnichannel architecture aligns perfectly with nCino's platform capabilities, potentially serving as a compelling reference case for similar institutions considering digital transformation.
While financial terms weren't disclosed (typical for these announcements), the implementation of multiple solutions across various lending types suggests a substantial contract that should positively impact nCino's recurring revenue streams, though likely not transformative given nCino's established market position and $3.3B market capitalization.
CU1 to implement nCino across Commercial, Consumer & Indirect Lending to empower teams to serve members more quickly and efficiently
WILMINGTON, N.C., March 25, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that Credit Union 1—a forward-thinking financial institution with a nationwide membership—has selected to implement multiple nCino solutions to create a unified experience across its commercial, consumer and indirect lending businesses.
Credit Union 1 has a more than 65-year history of helping individuals, families, and communities achieve financial success, and has grown to include 18 branches nationwide and anytime, anywhere accessibility through the implementation of top digital banking technology. To keep pace with its growth, Credit Union 1 has partnered with nCino to enable quicker lending without losing the community focus that is core to the Credit Union’s values. With the nCino Platform, Credit Union 1 can deliver a connected and convenient lending experience across multiple lines of business, while creating efficiencies to grow its loan volume— all while prioritizing a member-first approach to service.
“As we continue to expand our presence nationwide, our top priority is delivering the modern, seamless experience that today’s consumers expect at all member touchpoints,” says Todd Gunderson, President and Chief Executive Officer at Credit Union 1. “By building a foundational omnichannel architecture that will allow us to deliver fast, personalized and convenient experiences, we’re helping to create brighter financial futures for each of our members.”
Nicole Haverly, Vice President of Credit Unions at nCino, added “Credit unions are unique in that they’re committed to more than services; every interaction at institutions like Credit Union 1 represents an opportunity to reinvest in their members and contribute to the financial success of their communities. We’re honored to partner with the Credit Union as it works towards this mission with nCino’s technology as the foundation.”
About nCino
nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 1,800 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino has developed a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data. For more information, visit www.ncino.com.
About Credit Union 1
Credit Union 1 is celebrating more than 65 years of helping members reach their financial goals. CU1 is a member-owned, not-for-profit financial cooperative serving 120,000 members nationwide with 90,000 surcharge-free ATMs and 5,600 shared-branch locations. Credit Union 1 strives to exceed its members’ expectations by delivering innovative financial solutions and personalized member service to help achieve their maximum economic potential. Discover better banking for all at cu1.com.
Media Contacts
Natalia Moose
press@ncino.com
Safe Harbor Statement
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FAQ
What solutions is Credit Union 1 implementing from nCino (NCNO)?
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