NCR Technology Powers Teachers Federal Credit Union’s Digital Transformation, Celent Model Bank of the Year Award Win

Rhea-AI Summary

NCR Corporation (NYSE: NCR) has successfully partnered with Teachers Federal Credit Union to enhance its digital banking strategy, earning the Celent Model Bank of the Year Award. The collaboration led to increased online and mobile engagement, with the credit union registering 30,000 new members and achieving a Net Promoter Score of 80.17 for its digital banking services. NCR's Digital Banking platform has allowed Teachers to modernize services and expand its offerings, supporting a growth-oriented and innovative approach to member experience.

Positive

• Increased online and mobile banking engagement with 30,000 new members registered.
• Achieved a Net Promoter Score of 80.17 for digital banking.
• Enhanced digital services through NCR's Digital Banking platform.

Negative

• None.

ATLANTA--(BUSINESS WIRE)-- NCR Corporation (NYSE: NCR), a leading enterprise technology provider, partnered with Teachers Federal Credit Union (Teachers), one of the largest credit unions in the nation, on the successful transformation of its digital-first strategy, resulting in the prestigious Celent Model Bank of the Year Award.

Working with NCR Digital Banking, the credit union was able to modernize the online and mobile experience so more members can bank with Teachers when and how they choose. Through NCR’s Digital Banking platform, Teachers expanded its offerings, reaching more members across the country with enhanced digital services.

“Embracing a ‘think globally and act locally’ mindset, we have truly embraced a culture of innovation and digital-first philosophy that will be a solid foundation as we expand our footprint,” said Suresh Renganathan, Chief Technology Officer of Teachers. “With NCR’s modern, open technology, we’ll be able to serve members across the country with seamless experiences and robust tools at their fingertips.”

Since prioritizing the implementation of NCR’s digital enhancements, the credit union has increased online and mobile banking engagement with the registration of 30,000 new members and experienced substantial digital account growth. Additionally, Teachers has experienced a significant increase in NPS (Net Promoter Score) for its digital banking experience, which reached 80.17 by the close of 2021.

“We continue to look for ways to elevate the experience of our members, whether that be in branch or digitally,” said Inna Sprague, Chief Experience Officer of Teachers. “The results of our partnership with NCR have made a lasting impact on our membership and we look forward to future collaboration.”

“Teachers is committed to growth and optimizing the overall member experience, which is directly supported by their innovative technology strategy,” said Frank Hauck, president and general manager, NCR Banking. “We are proud to support Teachers in its digital transformation, and we look forward to helping them seamlessly and efficiently onboard and serve members as it continues to grow.”

NCR helps financial institutions bridge digital and physical operations so that they can connect with consumers anytime, anywhere. Through innovative solutions, NCR simplifies and optimizes banking experiences for customers and staff alike. NCR provides a modern and efficient end-to-end infrastructure for customers to connect to the broader enterprise and fintech ecosystem to run self-directed banking.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leading enterprise technology provider that runs stores, restaurants and self-directed banking. NCR is headquartered in Atlanta, Ga., with 38,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

About Teachers Federal Credit Union

Teachers Federal Credit Union (Teachers) is one of the country’s largest credit unions with $8.8 billion in assets and more than 380,000 members across all 50 states. Founded on Long Island in 1952, Teachers is a full-service, not-for-profit financial institution that provides members with 32 full-service branches throughout Long Island, Queens and Manhattan, as well as access to services at more than 5,000 shared service centers located across the country. Over the years and through various partnerships, Teachers has been proud of its role as a key supporter of the communities it serves. Teachers offers a range of member-focused products with competitive rates and low fees that started as a smart solution for teachers - now smart for all.

Website: www.teachersfcu.org
Instagram: @teachersfcu
Twitter: @teachersfcu
Facebook: www.facebook.com/TeachersFCU
LinkedIn: www.linkedin.com/company/teachers-federal-credit-union

About the Celent Model Bank Award

Celent’s annual Model Bank Awards recognize the best practices of technology usage in different areas critical to success in banking. Nominations are submitted by financial institutions and undergo a rigorous evaluation process by Celent analysts. Celent judges submissions on three core criteria: demonstrable business benefits of live initiatives; the degree of innovation relative to the industry; and the technology or implementation excellence. Information on the Celent Model Bank Award is available at https://www.celent.com/awards/model-bank

View source version on businesswire.com: https://www.businesswire.com/news/home/20220328005857/en/

Scott Sykes

(917) 232-6720

scott.sykes@ncr.com

Source: NCR Corporation

FAQ

What award did NCR Corporation and Teachers Federal Credit Union receive?

They received the Celent Model Bank of the Year Award for their partnership in digital transformation.

How many new members did Teachers Federal Credit Union register through the NCR partnership?

Teachers Federal Credit Union registered 30,000 new members.

What was the Net Promoter Score achieved by Teachers Federal Credit Union for its digital banking services?

The Net Promoter Score reached 80.17.

What is the stock symbol for NCR Corporation?

The stock symbol for NCR Corporation is NCR.