Consumers Credit Union selects Lumin’s digital banking platform ahead of proposed Rockford Bell merger
US-based Consumers Credit Union (CCU) has partnered with Lumin Digital to implement the tech vendor’s cloud-based digital banking platform.
CCU selects Lumin’s digital banking platform
Founded in 1930, CCU is headquartered in Lake Forest, Illinois, and with $3.5 billion in assets and more than 222,500 members, is one of the largest credit unions in the state.
CCU says it required a digital banking platform that could “support its increasing number of members and their unique needs” after experiencing a “sustained period of growth, expanding its community of members both organically and through various mergers”.
The credit union announced back in April that it is planning to merge with Rockford Bell Credit Union, also based in Illinois, “later this year”, picking up over 40,000 new members in the process.
Lumin’s platform provides real-time information regarding spending and account activity while also supporting a range of different payment capabilities, including automatic payments, remote deposits and card controls.
CCU says the new platform’s implementation will boost members’ digital banking experience and enable “enhanced credit card management”.
While supporting CCU through its growth needs, Lumin Digital itself continues to enjoy an increasing presence among the tech stacks of credits unions throughout the US.
Its latest deal with CCU comes less than a week after Affinity Plus, a federal credit union with a similar amount of members, confirmed that it has also selected the vendor’s platform as part of its “fresh approach to digital banking”.
