America First Credit Union taps Loquat for small business onboarding solution

America First Credit Union Partners with Loquat Inc for Enhanced Onboarding Experience: Key Points

1. Partnership Announcement:
   • America First Credit Union, the fifth-largest credit union in the USA with over 1.4 million members, has partnered with Loquat Inc.
2. Objective:
   • The partnership aims to enhance the onboarding experience for small business members by creating a streamlined digital process.
3. Service Enhancements:
   • The new solution will cover digital account opening, payments, reporting, and virtual cards for small business members.
4. Rationale:
   • Karey Thomas, SVP of branch delivery at America First Credit Union, noted significant growth in small business accounts and the need for a quick onboarding process.
   • The partnership with Loquat will provide a modern experience tailored to the commercial marketplace demands.
5. Loquat Inc:
   • Headquartered in Miami, Florida, Loquat offers various services including virtual debit and credit cards, as well as payment and lending solutions.
6. Industry Trends:
   • Recently, Andrews Federal Credit Union selected Blend for its deposit account opening solution.
   • Canada’s Vancity announced laying off approximately 200 employees as part of an organizational restructuring.