Top 10 credit union will adopt a new small business banking platform to create a streamlined digital process for business members for digital account opening, virtual cards, payments and reporting
Ogden, Utah – July 9, 2024 – America First Credit Union has selected Loquat Inc. to help enhance the onboarding experience for small business members. The partnership will equip small business owners with time-saving mobile solutions to make it easier, faster and more secure to run their business and have full control over their finances.
“We’ve seen significant small business account growth across our membership — and these members want to get up-and-running quickly,” said Karey Thomas SVP of branch delivery at America First Credit Union. “The partnership with Loquat will provide our business members a modern experience tailored to meet the demands of the commercial marketplace.”
In addition to new business account opening, Loquat provides virtual debit and credit cards and enables payment and lending products to be established within minutes using a proprietary process that reduces the time that is historically required to onboard new business members.
“We are looking forward to helping America First Credit Union enhance its commitment to small businesses,” said Zarina Tsomaeva, founder and CEO of Loquat. “More and more entrepreneurs are striking out on their own, and finding a financial institution that supports their business needs can be complex and time consuming. America First Credit Union will bridge that gap for them.”
Business owners can learn more about America First Credit Union at www.americafirst.com/business.
# # #
Media Contact:
Dave Nellis
America First Credit Union
801.827.8606
About America First Credit Union
Now in its 85th year, America First Credit Union has grown from a single branch serving military personnel and federal employees into one of the strongest and most progressive credit unions in the country. The credit union is the largest in Utah, and has 115 locations across Arizona,
Majority of business members now start online as onboarding times drop from days to minutes…
Funding supports 18 partners across six states as shutdown impacts linger and families wait for…
AFCU takes home more category wins than any other large credit union and was a…
The New card extends a multiyear collaboration between America First and the Utah Jazz, offering…
FOR IMMEDIATE RELEASE Expansion underscores the credit union’s significance as a financial partner in today’s…
20 educators across six states to receive up to $2,500 for classroom projects; applications open…