Oregon State Credit Union partners Bankjoy for account opening and loan solutions

Oregon State Credit Union has partnered with US-based banking technology vendor Bankjoy for its online account opening solution to drive new member acquisition and deposit growth.
The solution offers an ultra-fast, 90-second onboarding process, utilizing an ID-selfie matching process and allowing configuration of enrollment workflows for various account types and funding options.
The credit union, serving over 142,000 members, aims to enhance its digital capabilities and support online, mobile, and in-branch channels for member onboarding.
Bankjoy’s online loan application product has also been integrated into the credit union’s digital banking platform (NCR) and core processing platform (Corelation KeyStone) to streamline the loan origination and approval process.
Kim Sather, Chief Information Officer for Oregon State Credit Union, sees Bankjoy as an integral part of their long-term digital transformation journey.
Bankjoy’s CEO, Michael Duncan, emphasizes the importance of digital onboarding channels in today’s economic climate to generate deposit and loan growth, manage funding costs, and address the decrease in physical branch footfall.