13 more makes 100: AKUVO achieves milestone
MALVERN, PA (August 15, 2024) — AKUVO, a leading technology organization specializing in collections and credit risk management, proudly announces reaching the significant milestone of serving 100 customers. This achievement comes after recently signing 13 new financial institutions to the AKUVO Platform.
“Reaching the 100-customer mark underscores our dedication to enhancing the financial community’s ability to manage collections through advanced technology solutions,” reflected AKUVO Founder Jay Mossman.
“As financial institutions outgrow their current systems, increased efficiency is at or near the top of their must-have lists,” he added. “The AKUVO Platform improves efficiency while increasing recoveries and boosting performance thanks to automated playbooks, advanced integrations and data and analytics.”
The newly signed institutions converting to AKUVO include:
- AMOCO Federal Credit Union, based in Texas City, Texas with $1.4B in assets.
- The $5 billion Coastal Credit Union, based in Raleigh, N.C., with 334,000 members
- Credit Union 1 (CU1), headquartered in Anchorage, Alaska, holding assets of nearly $1.5 billion and serving more than 92,000 members.
- Eagle Community Credit Union, located in Foothill Ranch, Calif., with assets totaling $359 million and serving around 23,000 members.
- First City Credit Union, headquartered in Altadena, Calif., with assets of $889 million and serving 56,000 members.
- The $351 million IH Credit Union, located in Springfield, Ohio, with 22,500 members.
- The recently merged Louisiana FCU, a division of OnPath Credit Union, based in Merairie, La., managing $403 million in assets and serving 36,000 members.
- The $4.03 billion ORNL Credit Union, based in Oak Ridge, Tenn., serving over 216,000 members.
- The Burbank, Calif.-based, Partners Federal Credit Union, with $2.5B in assets.
- Tri Counties Bank, headquartered in Chico, Calif, with assets of $9.9 billion.
- UFirst FCU, headquartered in Salt Lake City, with $2 billion in assets and about 125,000 members.
“We are honored to partner with such exceptional financial institutions and remain focused on delivering even more innovative products and unparalleled service,” Mossman concludes.
About AKUVO
AKUVO is a leading provider of cloud-native collections software solutions that elevate how banks, credit unions, and fintechs collect and manage their portfolios via its products. Whether it is through their stand-alone virtual collector, or its next-generation collections platform, AKUVO provides the technology and data necessary to increase collections efficiency, provide a digital consumer experience, reduce staff costs, anticipate delinquencies, and provide insight into future credit decisions. AKUVO delivers a digital future for collections and account performance management with a visionary, behavior-based approach while taking full advantage of emerging technologies such as artificial intelligence, natural language processing, and machine learning. To learn more, visit www.akuvo.com.
