Q2 Announces 2024 Excellence Award Winners

Rhea-AI Summary

Q2 Holdings (NYSE: QTWO) has announced the winners of its 2024 Q2 Excellence Awards, recognizing seven financial institutions for their digital innovation, community impact, and customer experience transformation. The awardees will be honored at CONNECT24, Q2’s annual conference, from June 4-6 in Austin, Texas. The winners are: VeraBank (Bank of the Year), United Federal Credit Union (Credit Union of the Year), UCCU (Collaboration), Elements Financial (Community), Dacotah Bank (Growth), Stanford Federal Credit Union (Innovation), and First Hawaiian Bank (Transformation).

The awards highlight exemplary outcomes and innovative solutions implemented by these organizations, positioning them as leaders in the financial services industry.

Positive

• Recognition of Seven Financial Institutions: Highlights Q2’s commitment to acknowledging excellence in digital innovation and customer experience.
• CONNECT24 Conference: Provides a platform for networking and showcasing industry best practices.
• VeraBank: Demonstrated exemplary digital innovation and customer experience transformation.
• United Federal Credit Union: Achieved outstanding success in driving innovation for its members.
• UCCU: Successfully integrated systems to enhance member experience.
• Elements Financial: Made significant community impact through innovative programs and financial contributions.
• Dacotah Bank: Leveraged Q2 technology to increase adoption and engagement.
• Stanford Federal Credit Union: Prioritized innovation and member convenience.
• First Hawaiian Bank: Invested in significant digital transformation to enhance customer experience.

Negative

• No Financial Data Provided: The PR lacks specific financial performance metrics, which could concern investors seeking detailed financial insights.
• Potential Overemphasis on Awards: The focus on awards might overshadow more critical operational or financial updates.

Seven financial institutions recognized for their commitment to digital innovation, community impact and transforming the customer experience

AUSTIN, Texas--(BUSINESS WIRE)-- Q2 Holdings, Inc. (NYSE:QTWO), a provider of digital transformation solutions for financial services, today announced the 2024 Q2 Excellence Award recipients. The annual award program recognizes banks, credit unions and financial services organizations that have demonstrated best-in-class, differentiating qualities, ranking them among the industry’s best. The winners will be honored at CONNECT24, Q2’s annual conference, which will be held on June 4-6 in Austin, Texas.

The banks and credit unions selected as this year’s Q2 Excellence Award winners have achieved exceptional outcomes and introduced innovative solutions for their organizations, customers, members and communities.

“Financial institutions are the cornerstone of our communities, shaping the way their customers and members live their financial lives,” said Kirk Coleman, president at Q2. “We are honored to recognize this year’s Q2 Excellence Award winners for the outstanding work they’ve done to innovate and strengthen the communities they serve.”

The 2024 Q2 Excellence Award winners include the following financial institutions:

• VeraBank: Bank of the Year
  The Bank of the Year award recognizes VeraBank for demonstrating exemplary digital innovation and an unmatched commitment to the customer experience. VeraBank, a community bank headquartered in Henderson, Texas, has transformed their consumer and commercial customer experience and achieved exceptional business outcomes.
  • Learn more here.
    
    
• United Federal Credit Union: Credit Union of the Year
  The Q2 Excellence Award for Credit Union of the Year recognizes United Federal Credit Union for achieving outstanding success in driving innovation for its members. United Federal Credit Union is headquartered in St. Joseph, Michigan and is committed to fostering a strong digital presence to serve members across their national footprint.
  • Learn more here.
    
    
• UCCU: Collaboration
  The Q2 Excellence Award for Collaboration goes to UCCU for the success they achieved in integrating with Q2 and other partners to develop and execute creative solutions to grow and benefit their member experience significantly. UCCU has a clear mission of people over profits and providing easy-to-use digital banking solutions. To better serve their members, UCCU integrated various systems into the Q2 platform to create a seamless, integrated digital experience.
  • Learn more here.
    
    
• Elements Financial: Community
  The Q2 Excellence Award for Community is awarded to Elements Financial which has gone above and beyond to positively impact their community through innovative programs and financial contributions. In addition, Elements Financial, based in Indianapolis, Indiana, is dedicated to supporting and partnering with its members to ensure they have the tools for financial success.
  • Learn more here.
    
    
• Dacotah Bank: Growth
  The Q2 Excellence Award for Growth recognizes Dacotah Bank for leveraging Q2 technology to deliver the best financial experience to account holders to increase adoption and engagement. Dacotah Bank, headquartered in Aberdeen, South Dakota, has made growth a strategic priority for the past 70 years.
  • Learn more here.
    
    
• Stanford Federal Credit Union: Innovation
  The Q2 Excellence Award for Innovation recognizes Stanford Federal Credit Union for putting new ideas into practice to improve the account holder experience. Stanford Federal Credit Union, headquartered in Palo Alto, California, places innovation and member convenience as their top priority.
  • Learn more here.
    
    
• First Hawaiian Bank: Transformation
  The Q2 Excellence Award for Transformation recognizes First Hawaiian Bank for embarking on significant digital transformation initiatives. First Hawaiian Bank, headquartered in Honolulu, Hawaii, is dedicated to investing in technology to enhance customer experience through the services and features they provide.
  • Learn more here.

About Q2 Holdings, Inc.

Q2 is a leading provider of digital transformation solutions for financial services, serving banks, credit unions, alternative finance companies, and fintechs in the U.S. and internationally. Q2 enables its financial institution and fintech customers to provide comprehensive, data-driven digital engagement solutions for consumers, small businesses and corporate clients. Headquartered in Austin, Texas, Q2 has offices worldwide and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com. Follow us on LinkedIn and X to stay up to date.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240604539305/en/

Maria Gari

Q2 Holdings, Inc.

Maria.gari@q2.com

315-657-0041

Source: Q2 Holdings, Inc.

FAQ

What are the Q2 Excellence Awards?

The Q2 Excellence Awards recognize financial institutions for their commitment to digital innovation, community impact, and customer experience transformation.

When will the 2024 Q2 Excellence Awards winners be honored?

The winners will be honored at Q2’s annual conference, CONNECT24, held from June 4-6, 2024, in Austin, Texas.

Which bank won the 'Bank of the Year' award in 2024?

VeraBank won the 'Bank of the Year' award in 2024 for its exemplary digital innovation and customer experience transformation.

Which institution was recognized as the 'Credit Union of the Year' in 2024?

United Federal Credit Union was recognized as the 'Credit Union of the Year' for its outstanding success in driving innovation for its members.

What did UCCU achieve to win the 'Collaboration' award?

UCCU won the 'Collaboration' award for successfully integrating systems to enhance the member experience significantly.

How did Elements Financial make a community impact?

Elements Financial was awarded for making a significant community impact through innovative programs and financial contributions.

What was Dacotah Bank recognized for?

Dacotah Bank was recognized for leveraging Q2 technology to increase customer adoption and engagement, focusing on growth.

Why did Stanford Federal Credit Union win the 'Innovation' award?

Stanford Federal Credit Union won the 'Innovation' award for prioritizing innovation and member convenience.

What initiatives led to First Hawaiian Bank receiving the 'Transformation' award?

First Hawaiian Bank received the 'Transformation' award for investing in significant digital transformation to enhance customer experience.