Partner News

Back to Partner News
June 19, 2019

LendKey, Mastercard, and Q2 Win NAFCU Services Innovation Awards

Game-changing solutions create efficiencies, generate loans and revenue

New Orleans, LA (June 19, 2019) – NAFCU Services is proud to announce the winners of our 2019 Innovation Awards: LendKey, Mastercard, and Q2. Our Innovation Awards recognize groundbreaking solutions that help credit unions thrive and compete in a complex marketplace, and winners are selected by an independent, third-party panel of judges. Innovation Awards are open exclusively to NAFCU Services Preferred Partners.

“Every year, the applications for NAFCU Services Innovation Awards become even more impressive, and I know our judges have a hard time choosing just three winners,” NAFCU Services President Randy Salser says. “The field of game-changing solutions for credit unions is truly fascinating. Congratulations to our three winners for rising to the top!”

The 2019 award-winning solutions are:

LendKey’s Student Lending Platform

LendKey’s custom, credit decisioning API and additional core product releases enable improved analytics to enhance borrower credit decisioning and permit more types of borrowers to fund their student loans through partner lenders. As credit unions work to remain competitive in the digital banking realm, LendKey is providing quick, cost-efficient digital lending solutions for credit unions of all sizes to enable student and home improvement loans.

Mastercard Pay with Rewards

Mastercard’s new rewards option helps credit unions bolster card usage, driving spend and engagement by allowing cardholders to make purchases anywhere with rewards points. The card brand also rolled out new APIs in the Mastercard Developer Zone to open up client access to the solution and data. The program is a flexible, cost-effective method for executing point-of-sale reward programs with no impact on the processes or technology used by merchants or acquirers. Card issuers can configure program rules to guide behavior that optimizes their portfolio’s potential.

Q2 Gro

Q2 Gro drives growth for credit unions across every channel of business by helping them create better experiences for members at each stage of their financial journey. It specializes in mobile-first member acquisition, including account opening in just four minutes, providing large-scale marketing tactics without corresponding resource consumption for smaller credit unions, serving business members, ID scanning for quick data extraction, and more. Q2 Gro activates new digital growth engines as consumers increasingly move toward digital and mobile channels.

The independent panel of judges for NAFCU Services’ 2019 Innovation Awards includes Farmers Insurance Federal Credit Union Chief Operating Officer Kathy Chicas, CUbroadcast Creator and Host Mike Lawson, Coastal Federal Credit Union Chief Member Service Officer and Senior Vice President Jim Pack, CUinsight Co-Founder and Publisher Randy Smith, and Cobalt Credit Union Chief Communications Officer Sharon Stahr.

About NAFCU Services

NAFCU Services is a wholly-owned subsidiary of the National Association of Federally-Insured Credit Unions (NAFCU). They connect forward-thinking credit unions to the best business partners. NAFCU Services’ Preferred Partners have supported credit union success in technology, security, risk management, and many other areas of business for more than 40 years. Companies go through a rigorous vetting process before becoming a Preferred Partner, so credit union leaders know the solutions are trustworthy. For more information, visit nafcu.org/nafcuservices and connect on Twitter @NAFCUServices.

Media Contact

Paul Timm - Vice President, Marketing
ptimm@nafcu.org
703-842-2210

Related Resources

Add to Calendar 2024-04-25 14:00:00 2024-04-25 14:00:00 Unifying Two Different Executive Benefits Programs About the Webinar In part one we discussed how to retain key positions during a time of transition. In part two, we will look at how to combine executive benefits programs from two different organizations into a single high-performing program. Evaluating each program includes many different facets, from strategy and expense to performance and servicing. This session will provide important considerations, whether or not you have pending M&A activity.  Key Takeaways: Is the plan design both retentive and efficient?  Is the benefit expense properly mitigated?  Does the legal agreement reflect the board’s intent?  View On-Demand Web NAFCU digital@nafcu.org America/New_York public

Unifying Two Different Executive Benefits Programs

preferred partner
Gallagher
Webinar
Add to Calendar 2024-04-25 14:00:00 2024-04-25 14:00:00 ChatGPT: What AI can do for you! ChatGPT has been created with one main objective – to predict the next word in a sentence, based on what's typically happened in the gigabytes of text data that it's been trained on. Did you ever hear of the saying, “People fear the unknown?” Artificial intelligence scares people, but it is the future, and you need to understand the tools and resources it offers. It’s also about saving time, that’s what technology and in this case, artificial intelligence can do for you.  If you want to save time and have a better quality of life, this training is for you. Once you give ChatGPT a question or prompt, it passes through the AI model and the chatbot produces a response based on the information you've given and how that fits into its vast amount of training data. It's during this training that ChatGPT has learned what word, or sequence of words, typically follows the last one in a given context. During this webinar, ChatGPT: What AI can do for you, you’ll discover the background, purpose, usability, and the pros and cons. Don't miss this opportunity! Key Takeaways Learn the background of AI Understand the purpose of AI Identify the pros and cons    Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 25, 2025Go to the Online Training Center to access the webinar after purchase »   Who Should Attend NCRMs Risk titles Education Credits NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public

ChatGPT: What AI can do for you!

Credits: NCRM

Webinar
Add to Calendar 2024-04-24 14:00:00 2024-04-24 14:00:00 Optimize Liquidity, Maximize Loan Growth: The Network Lending Advantage About The Webinar Join us to learn more about network lending, a cooperative model allowing credit unions to optimize liquidity and achieve loan growth. Discover how credit unions can participate in loan pools with other institutions, allowing them to diversify portfolios, access loans with potentially lower risk and higher yields, and expand lending capacity without necessarily needing a surge in deposits. Delve into how credit unions can pool their resources, set common underwriting and pricing standards, and collectively originate, buy, and sell loans to optimize liquidity management. Hear from your peers about best practices, case studies, and practical strategies to harness the full potential of network lending and how it's helped their credit unions. Don't miss this valuable opportunity to learn how to strengthen your credit union's position in today’s competitive environment.  Key Takeaways: How network lending differs from traditional lending  The benefits of participating in loan pools with other credit unions  How credit unions can set common underwriting and pricing standards and collectively originate, buy and sell loans to optimize liquidity management  Why network lending is critical to loan growth  Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public

Optimize Liquidity, Maximize Loan Growth: The Network Lending Advantage

preferred partner
LendKey
Webinar
Add to Calendar 2024-04-23 14:00:00 2024-04-23 14:00:00 Monitoring the Latest Litigation Risks Credit unions’ operations pose litigation risks, with more of these cases being filed as class action lawsuits. In this Monitoring the Latest Litigation Risks for Credit Unions webinar, you’ll review some of the specific kinds of lawsuits impacting credit unions and what potential claims could be on the horizon. You’ll also examine some options for mitigating risks. Key Takeaways Review the current lawsuit trends. Understand the potential claims risks Explore options for mitigating risks.   Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 23, 2025Go to the Online Training Center to access the webinar after purchase »   Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCRMs will recieve 1.0 CEUs for participating in this webinar NCCOs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public

Monitoring the Latest Litigation Risks

Credits: NCCO, NCRM

Webinar