$4B CU Selects the Tyfone nFinia® Platform for Digital Banking
Portland, Ore. – Chevron Federal Credit Union, a leading credit union based in Oakland, Calif., will go live with Tyfone’s omnichannel nFinia digital banking platform later this year, bringing tremendous improvements to both internal operations and the member experience.
“We were looking for a modern platform that can leverage open banking concepts and allow us to integrate what we want, where we want, when we want,” said Sachin Kundra, the credit union’s CIO. He added that the nFinia platform will enable the rapid integration that is necessary in today’s environment. “We need to move at the speed of digital, not the speed of banking,” he said.
The credit union has committed to a strategy of digital transformation that aims for seamless and frictionless experiences for members and staff across all of their interactions.
“Developing leading-edge digital capabilities is of paramount importance to us and our members, and the partnership with Tyfone will help us to achieve our vision,” said Jon Berlin, President and CEO of Chevron Federal Credit Union.
“More than ever, progressive credit unions like Chevron need to remain nimble and able to act quickly. The competitive landscape demands it,” said Dr. Siva Narendra, Tyfone’s CEO. “At Tyfone, we’re committed to staying ahead of the curve so that our community financial institutions can stay ahead of the curve, too.”
About Chevron Federal Credit Union
Established in 1935 as a member-owned, not for profit organization, Chevron Federal Credit Union (Chevron FCU) exists to help their 135,000 members achieve personal financial success. Chevron FCU is ranked in the top 1% of credit unions by asset size with over $4 billion in assets* across its two brands – Chevron FCU and Spectrum Credit Union. The membership is primarily made up of employees, retirees, contractors and affiliates of Chevron, Bechtel and other small and medium sized employers.
Headquartered in Oakland, California, with branches from coast to coast, Chevron FCU employs over 300 people dedicated to delivering trusted banking and lending services that help members grow and prosper. For more information, visit https://www.chevronfcu.org/
Federally insured by NCUA.
*Source: Callahan and Associates data as of Q4 2020.