FinTech Magazine - May 2022 | Page 97

CU NextGen extends its relationship with MSUFCU

As credit unions vie to adopt new technology , CU Nextgen ’ s Nextly platform becomes a must-have
CU NextGen , the Credit Union Service Organisation ( CUSO ) dedicated to bringing next-generation technology to credit unions , announced at the start of 2022 that it would be introducing its Nextly platform to the world ’ s largest university-based credit union , Michigan State University Federal Credit Union ( MSUFCU ). “ We ’ ve been working with them and their wholly-owned CUSO , Reseda Group for a number of years ,” says Nicole Williams , VP of Technology at CS , “ but this is taking our relationship to a new level .”
Briefly , Nextly is a highly customisable standalone solution that integrates seamlessly with all of CU NextGen ’ s solutions . Architected on CU NextGen ’ s no-code platform , it offers credit unions and their members a robust feature set that ’ s easy to use , reduces downtime , and guides the user so intuitively that they don ’ t even have to think about it . “ We ’ ve been working with CU NextGen for several years and knew that together we could build a digital banking solution that would meet our goals for our members and employees and indeed change the way credit unions think about digital banking ,” says Ben
Maxim , VP of Digital Strategy and Innovation at MSUFCU and CTO at Reseda Group .
This phase of the partnership started in the summer of 2021 when the companies joined forces to develop a brand new digital banking platform for MSUFCU , “ It ’ s a very mutually beneficial relationship and strategic partnership ,” says Williams . “ With their digital banking software paired with our cutting edge technology and development resources we ’ re producing something truly amazing !”
MSUFCU is helping support the Nextly project through a $ 4.5 million investment from Reseda Group . Nextly will provide a platform that provides access and control for credit unions while creating a superior experience for members . In providing the seamless , intuitive and comprehensive experience that clients expect these days , MSUFCU in partnership with CU NextGen is out in the lead , and is sure to be followed by many more credit unions in adopting Nextly .
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