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Funds options firm Allied Cost Community has partnered with MY CREDIT UNION of Bloomington, Minnesota.
The partnership will combine Allied’s cost expertise with the credit score union’s Ultracs digital banking platform.
Headquartered in Fort Wayne, Indiana, Allied Cost Community made its Finovate debut in 2013.
Funds options supplier Allied Cost Community will combine its expertise with MY CREDIT UNION’s Ultracs digital banking platform courtesy of a brand new partnership.
“Monetary establishments like MY CREDIT UNION serve a crucial function of their communities,” Allied Cost Community CEO Geoff Knapp mentioned. “Their members aren’t simply numbers; they’re neighbors and associates. They’re allies for his or her group and we’re proud to be an ally for them.”
Headquartered in Bloomington, Minnesota, MY CREDIT UNION focuses on offering its members with monetary wellness and banking options that “educate, empower, and have interaction.” Based in 1957, MY CREDIT UNION has $380 million in belongings, and serves its members through 4 branches in addition to on-line.
MY CREDIT UNION President Greg Worthen credited Allied Cost Community for being a “community-focused group.” He famous that this issue, amongst others, is what helped seal the deal. “With the mixture of two, state-of-the-art platforms like Ultracs and Allied,” he mentioned, “we’re assured we’ll have the ability to give our members the superior mobile-first expertise they count on.”
Fort Wayne, Indiana-based Allied Cost Community made its Finovate debut in 2013 at FinovateSpring. Since then, the corporate has grown into a significant paytech chief with 500 financial institution and credit score union prospects. Allied Cost Community presents a real-time, open-network funds mannequin, and contains a broad vary of on-line and cellular options. These services embrace on-line billpay, P2P fund switch, PicturePay, BizPay, PortalPay, A2A fund switch, and Vault, a digital doc storage answer.
In 2022, the corporate processed $3.6 billion in cost quantity. This yr, Allied Cost Community has solid partnerships with fellow Finovate alum Q2 in Might, First Farmers Financial institution & Belief and Central Funds in June, Washington-based Graduation Financial institution and South Carolina-based United Neighborhood in September, and advertising agency Murphy & Firm in October. The corporate additionally made a pair of C-suite hires in 2023. Allied started the yr including Kathi Klawitter as Chief Working Officer. In July, the corporate launched new Chief Info Safety Officer James Dixon.
Allied Cost Community has raised greater than $8 million in funding. The corporate consists of Plymouth Progress amongst its traders.
Picture by Steven Van Elk
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