Banking tech provider NYMBUS launches dedicated business for credit unions

John Janclaes has been named president of Nymbus CUSO, effective immediately

NYMBUS, a provider of core banking technology based in the US, has set up a new business to support credit unions with dedicated fintech solutions.

Nymbus CUSO, a credit union service organisation, will connect credit unions with trusted fintech offerings that enable opportunities for generating new revenue streams while deepening connections and value to members.

A passionate advocate for the credit union movement, John Janclaes has been named president of Nymbus CUSO, effective immediately.

He previously served as president and chief executive officer at Partners Federal Credit Union, which, under his tenure, grew five-fold to more than $2.1 billion in assets and is ranked among the top one percent of credit unions in the US.

Nymbus says leading its new credit union-focused business is a natural progression in a 30-year career of innovation as Janclaes helps bridge foundational credit unions values of collaboration and member service with next-generation solutions for personalised experiences and growth.

Janclaes sas: “To thrive in the new digital age, credit unions have an immediate opportunity to leverage niche digital banking approaches to create new revenue streams and expand reach while continuing to deliver the personalised experiences and differentiated value they are known for.”

“I’m proud to lead Nymbus CUSO and continue my mission as a digital advocate for credit unions in their quest for growth and forward-thinking strategies.”

Jeffery Kendall, chairman and chief executive officer of Nymbus, adds: “Our CUSO signifies a commitment to credit unions by providing strategic partnerships and flexible technology that will create sustainable growth and loyal members.”

“For those wanting to innovate, Nymbus CUSO moves past traditional vendor thinking to create supportive structures for credit unions ready to grow and reach new niche markets.”

Read about Inspire Federal Credit Union going live with the NYMBUS core, internet banking, mobile banking and payment solutions in 2019.

Image: Nymbus CUSO

Mark Dugdale