Chimney surpasses 65 credit unions with its growing client base

Award Winning Fintech adds several new credit unions to its platform in last 12 months
BusinessWireMarch 18, 20246 min

Chimney, a leader in financial guidance for the digital age, announced the addition of 14 new credit unions to its growing client roster in the last several months. With Chimney’s interactive financial tools, these credit unions can deploy personalized digital experiences that generate deposits, loans and drive new member acquisition.

The newest credit unions to partner with Chimney include:

  • BCU, based in Vernon Hills, IL with nearly $6 billion in assets;
  • Municipal Credit Union, based in New York City with over $4.2 billion in assets;
  • Sound Credit Union, based in Tacoma, WA with over $2.7 billion in assets; and
  • Affinity Plus Federal Credit Union, based in Minneapolis, MN with $4.1 billion in assets;
  • WECU, based in Bellingham, WA with more than $2 billion in assets;
  • Achieva Credit Union, based in Dunedin, FL with $2.5 billion in assets;
  • Credit Union One, based in Ferndale, MI with more than $1.6 billion in assets;
  • Florida Credit Union, based in Gainesville, FL with over $2 billion in assets;
  • Kitsap Credit Union, based in Bremerton, WA with over $2 billion in assets;
  • Air Academy Federal Credit Union, based in Colorado Springs, CO with over $800 million in assets;
  • Altura Credit Union, based in Riverside, CA with over $2 billion in assets;
  • Clearwater Credit Union, based in Missoula, MT with over $800 million in assets;
  • Neighbors Federal Credit Union, based in Baton Rouge, LA with $1 billion in assets; and
  • SkyPoint Federal Credit Union, based in Germantown, MD with over $110 million in assets.

Using Chimney’s embedded financial tools, credit unions can engage more members digitally, generate low-cost deposits, and fund more loans with intelligent recommendations that guide members to the right products. The company’s solutions, which include its award-winning financial calculators, help credit unions deepen member relationships and capture more data to drive meaningful conversions. Chimney’s newest clients also gain early access to the fintech’s latest product, Chimney Home, which is designed to elevate the online banking experience for homeowners by giving them the tools, data, and insights they need to manage their biggest investment.

“The Federal Reserve raised interest rates several times over the last 12 months, which has prompted more consumers to search for the products with the best returns. Searches for terms like ‘savings accounts’ and ‘CD rates’ have peaked higher than they’ve been in five years, according to Google Trends data,” said Matthew Covi, co-founder and CEO of Chimney. “Our team is proud to give our credit union clients a suite of interactive digital tools to help members find the right product for their needs and take the first step towards opening a new account. This year Chimney’s tools have driven over 75,000 consumers to loan and deposit account applications this year. Members receive a superior digital experience that’s personalized for them and credit unions benefit from steady deposit growth at a critical time, ensuring these valuable institutions can continue serving their local communities long term.”

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