VyStar Credit Union picks Nymbus to outfit online and mobile banking
Florida-based VyStar Credit Union has selected Nymbus to provide its online and mobile banking services.
VyStar is one of the largest credit unions in the US
The deal follows VyStar’s $20 million investment in Nymbus’ credit union service organisation (CUSO).
According to Nymbus, the credit union sought a partner that would help it support “sustained and meaningful member growth”.
VyStar is the 13th-largest credit union in the US, and holds more than $12 billion in assets.
Based in Jacksonville, it serves 770,000 members across central and northern Florida and southern Georgia.
The Nymbus system will plug into a tech infrastructure which includes FIS’s Miser core banking solution. VyStar has been an FIS partner for more than 12 years.
Joe Colca, senior vice president of digital experience at VyStar, says his firm’s “commitment to providing industry leading capabilities” led it to Nymbus.
He adds: “Our previous investment already demonstrated our confidence in Nymbus.”
Nymbus has had a busy 2021 so far. Following the appointment of a new CEO and CFO in late 2020, in February 2021 it hired a new chief product officer and chief alliance officer.
This was followed by news in April it had appointed three more executives: Trish North as chief customer officer, Michelle Prohaska as chief compliance officer, and Crina Pupaza as chief people officer.
The core banking vendor has also received a handful of investments. April saw Financial Service Capital top up its backing to the tune of $15 million.
Nymbus also landed $53 million in February from Insight Partners, funnelled into its credit union project, Grow.
