Pamela Hannett

Digital Federal Credit Union (DCU), the largest credit union in Massachusetts, has announced plans to merge with First Tech Federal Credit Union, the largest in Silicon Valley. This merger will create a combined entity valued at approximately $28.7 billion, serving nearly 2 million members across more than 50 branches in eight states. The deal has received unanimous approval from both organizations' boards and is expected to close in 2025, pending regulatory approvals from the National Credit Union Administration and First Tech's membership. Following the merger, DCU President and CEO Shruti Miyashiro will lead the new organization, which will operate under DCU's charter while retaining the First Tech brand. The merger aims to enhance member services by expanding digital banking capabilities and increasing philanthropic efforts, with plans to donate over $4 million annually to local communities. Members will see no immediate changes as both credit unions will continue to operate independently until their systems are fully integrated. My own thoughts are that this merger not only positions the new entity among the largest credit unions in the nation but also reinforces a commitment to innovation and community support, promising enhanced services for members and a stronger philanthropic impact. #creditunions #banking #bankingindustry https://lnkd.in/ekEY5sRt

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Riverfront Federal Credit Union, based in Wyomissing, PA, today announced it has selected cloud-native digital banking provider, Lumin Digital, as its new digital banking solution. https://lnkd.in/e4WH3nVV #creditunions #partnership #digitalbanking

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From our 2005 founding until now, ConnectOne has always been a growth story, embracing change. We are excited and confident that our announced merger with First National Bank LI® is the next stepping stone for our bank to bring better client & community-centralized banking to Long Island. Listen to the full #BankSlate #podcast with Paul Davis and Chairman & CEO Frank Sorrentino III here: https://lnkd.in/eCvGudGw

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👏 Our very own James Maloney, VP of Consumer & Mortgage Lending was on The Rhode Show this morning talking about consolidation and debt management! 💬 James shared some great tips on how to consolidate your debt and get your finances back on track this year. 👉 Watch here: https://bit.ly/4h6FsBv If you're struggling with debt, we can help! Let's create a plan to get out of debt and achieve your financial goals - together. 💙 #CreditUnionDifference #JoinWCCU #ConsolidateDebt #Consolidation #DebtManagement #FinancialGoals

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World Council of Credit Unions (WOCCU) event in Boston! We’re excited to share the highlights of our participation in the World Council of Credit Unions (WOCCU) event in Boston! This global gathering brought together visionary leaders and innovators dedicated to transforming the credit union landscape. At Credics, we were proud to present how our advanced AI-powered payment solutions and Payment as a Service (PaaS) offerings can empower credit unions to thrive in today’s fast-paced financial world. What We Showcased: ✅ Seamless Payment Systems: Enabling efficient, secure, and scalable processing. ✅ AI and Automation: Driving smarter decision-making and operational efficiencies. ✅ Tailored Solutions: Supporting the unique needs of credit unions and their members. Key Takeaways: ✅ Credit unions are embracing digital transformation to remain competitive and member-focused. ✅ The demand for flexible, AI-driven payment solutions is growing rapidly. ✅ Collaboration and innovation are key to driving financial inclusion worldwide. It was inspiring to engage with leaders from across the globe, explore new partnerships, and learn from industry pioneers. A huge thank you to the WOCCU team for hosting such a collaborative and forward-thinking event, and to everyone who visited the Credics booth. We’re looking forward to continuing these conversations and helping credit unions achieve their goals with future-ready payment technologies. Let’s build the future of digital payments together!

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Credit unions play a vital role in promoting sustainable practices and supporting local communities. At the recent WCUC event in Boston, industry leaders discussed innovative ways credit unions can integrate #ESG principles into their operations. From offering green loans for renewable-energy projects to investing in community development and adopting sustainable operational practices, credit unions have the power to drive positive change. Link in comments ⬇️ #Sustainability #CommunityImpact #ESG #CreditUnions #GreenFinance #SocialResponsibility

Constellation Digital Partners, a leader in cloud-based digital banking solutions, proudly announces the successful launch of its cutting-edge digital banking platform in partnership with CFCU Community Credit Union, a $1.4B credit union based in Ithaca, New York. Designed for retail members, the platform empowers CFCU to enhance member engagement and continuously refine the digital banking experience. #CFCU #Constellation #CreditUnion #BaaS #US #fintech #fintechnews

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Does USB's Treasury Services work with municipalities? Yes! Watch as Dianne Gasior, VP of treasury services, explains how it can be essential to the municipal market here in Connecticut. Learn more about USB's cash management solutions: https://buff.ly/3NTdXyc

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Is your credit union looking to expand its community impact and access critical funding? Our latest blog post breaks down the key takeaways from last week's webinar, "Understanding the CDFI Opportunity." Learn from CUCollaborate's CDFI expert Jeff Bailey, CUDE as he covers: ✅ The benefits of CDFI certification for growth and community impact ✅ Key requirements and strategies for certification success ✅ How CDFI funding can support underserved communities 📌 Read the full post here: https://lnkd.in/g6UVTBw3 #CreditUnions #CDFICertification #CreditUnionGrowth #CDFI

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Thank you to our Keynote speaker, Michael Santoli, Senior Markets Commentator of CNBC, for an enlightening discussion on how the economic and market trends are shaping the payments space.  #TRANSACTTechNYC #Fintech #MobilePayments #MerchantServices #TTNYC #ETAEvents #Investment #Analysts #PaymentsAnalysts #PaymentInnovation #NYCEvent #Leadersinpayments #TRANSACTTech #ETA #ElectronicPayments #ElectronicTransactions #ElectronicTransactionsAssociation 

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Commonwealth Credit Union set out to make better lending decisions and meet increasing demand for a fast, frictionless experience. Since implementing Zest AI's technology, Commonwealth has been able to automate 70-83% of all consumer loan decisions while lending down the credit spectrum and reducing delinquencies. Hear more from Jaynel Christensen, Chief Growth Officer, as she talks about her experience adopting AI-automated underwriting and creating a roadmap for innovation throughout the lending ecosystem. Download the case study to read more about Commonwealth's journey with AI. https://lnkd.in/gvixxx-f #AI #Innovation #MachineLearning #CreditUnions #MemberExperience #FinTech #Technology #Underwriting #FairLending #FinancialInclusion #Lending #Automation #LoanDecisioning

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Check out the latest webinar replay from Finopotamus: "Open Banking Challenges & Opportunities for Credit Unions" During this session, Finopotamus publisher and webinar host John San Filippo spoke with Amy Schade, SVP Lending at TRIUS FEDERAL CREDIT UNION, and Brian Reshefsky, CEO of EDGE, about open banking, especially as it relates to credit union lending. #fintech #creditunions #openbanking #lending #cashflowunderwriting

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🚀 Empowering Employee Engagement at UMassFive College Federal Credit Union with Centralized Knowledge UMassFive transformed its operations by equipping its employees with the right information to succeed, reducing turnover, and enhancing service delivery. Leveraging and optimizing Engageware's Employee Knowledge Management, the credit union saw a remarkable 170% increase in usage across their team, leading to significant gains in efficiency and satisfaction. 💡 The impact? ✔️Accurate & Reliable Information available at employees' fingertips. ✔️Reduced Call Handle Times and Improved Efficiency. ✔️Boosted Employee & Member Engagement. Curious to learn how? Explore the full success story here: https://hubs.li/Q02NQBn-0 #EmployeeEngagement #KnowledgeManagement #CreditUnion #Efficiency

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Listen to the FULL PODCAST: https://ow.ly/snoA50SnmvT According to Scott P. Young, Senior Vice President, Emerging Services at Velera (formerly PSCU/Co-op Solutions), credit unions face three major challenges in the realm of digital account opening and credit card origination. The first is a lack of automation, combined with a lack of digitizing and communication. Many credit unions don’t fully grasp the operational efficiencies that can be gained and the human error that can be lessened through automation. And they don’t appreciate that even regulatory disclosures or adverse action notifications can be digitized and automated as well. #creditunions #automation #regulations #fraud #realtime

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🗓️ Save the date for COCC's Annual Client Conference! Join us to revolutionize your operations with our integrated platforms. Our experts will answer questions and showcase the benefits of our powerful solution. Reserve your spot in our booth to discuss your specific needs. See you there! https://ow.ly/11Rn50RXQiH #ComplianceSolutions #COCCClientConference #FinancialInstitutions #IntegratedPlatforms #StreamlineOperations #ImproveWorkflows

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Is your financial institution prepared for the future of digital banking? Discover the key strategies that will drive success in 2025 with THE 2025 DIGITAL BANKING PLAYBOOK: Budgeting & Strategies for Banks and Credit Unions. Learn how to elevate your digital sales and service channels to meet rising customer expectations and secure your competitive edge. Download your copy today. 👉 https://bit.ly/3zGFrnn #DigitalBanking #Fintech #BankingGrowth #DigitalTransformation #FinancialInstitutions #AlkamiPlaybook #TechFin

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Early adopters of AI-Workflow-Automation aren’t just keeping pace—they’re setting it! If you’re not keeping up and your credit union is facing questions like, “Why not a fintech?” or “How do we stay relevant?” Shastic has the answer. Our platform allows credit unions to scale their operations efficiently, improving the lending experience and delivering competitive results without losing sight of your people helping people mission. Let’s set the pace together. Book your consultation today! https://hubs.ly/Q02VWNKx0 #AI #RPA #Banking #CreditUnion #Lending #AIWorkflowAutomation #WorkflowAutomation #Efficiency #Loan #Fintech #PeopleHelpingPeople

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CEO Shruti Miyashiro, recently sat down with Mike Lawson, creator and host of CU Broadcast, to discuss the rapidly evolving tech landscape in the credit union industry. 💡 Hear her perspective on how DCU stays ahead of the curve, the potential of #GenAI in financial services, and the need for scalable digital solutions. Access the full conversation here: https://bit.ly/3OVJRuA

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