Nymbus Announces Turnkey SMB Offering for Credit Unions

NYMBUS®, a leading provider of banking technology solutions, today introduced SMB Launch for Credit Unions. An extension of the company’s award-winning Launch solution, Nymbus’ latest offering equips credit unions with a lightweight, cost effective toolbox of state-of-the art technology and services catered specifically to meet the needs of today’s underserved small and medium sized businesses.

Significant drivers of economic growth, job creation and new innovation in the United States (US)—SMBs represent 99.7 percent of all US businesses and almost half of total private sector employment. Meanwhile, a recent Forbes article states only one third of SMBs feel their primary bank understands their needs or appreciates their business.

“In 2021, the Nymbus CUSO prioritized a national listening tour to connect and hear from more than 50 credit union leadership teams. One of the critical opportunities we identified from these conversations is that by finding the right solutions to help SMBs thrive, we can support members and our larger communities with greater impact,” said Nymbus CUSO President John Janclaes.

With its complete suite of banking technology, tools and on-demand services, Nymbus Launch has gained tremendous momentum for moving any size financial institution forward. Available to be easily implemented, Nymbus’ newest SMB Launch offering is a full digital solution with business checking, spending accounts, and unsecured business lending running in parallel with existing infrastructures.

“After hearing from the credit union leaders, we moved quickly to create an experienced roundtable of credit union executives and experts to understand the most impactful products and services for SMB members,” furthered Janclaes. “Because speed to market is critical, our team is incredibly proud to now introduce SMB Launch for Credit Unions. Those willing to take the leap and capitalize on this capability for intentional innovation will be rewarded with improved customer satisfaction, higher engagement and deeper, more profitable SMB relationships.”

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