America First Credit Union Partners with Loquat Inc for Enhanced Onboarding Experience: Key Points
- Partnership Announcement:
- America First Credit Union, the fifth-largest credit union in the USA with over 1.4 million members, has partnered with Loquat Inc.
- Objective:
- The partnership aims to enhance the onboarding experience for small business members by creating a streamlined digital process.
- Service Enhancements:
- The new solution will cover digital account opening, payments, reporting, and virtual cards for small business members.
- Rationale:
- Karey Thomas, SVP of branch delivery at America First Credit Union, noted significant growth in small business accounts and the need for a quick onboarding process.
- The partnership with Loquat will provide a modern experience tailored to the commercial marketplace demands.
- Loquat Inc:
- Headquartered in Miami, Florida, Loquat offers various services including virtual debit and credit cards, as well as payment and lending solutions.
- Industry Trends:
- Recently, Andrews Federal Credit Union selected Blend for its deposit account opening solution.
- Canada’s Vancity announced laying off approximately 200 employees as part of an organizational restructuring.
