AKUVO kicks off the new year with 21 new customers
MALVERN, PA (January 18, 2024) — AKUVO, a technology organization that specializes in collections and credit risk, is pleased to announce that 21 new financial institutions have signed on to use its delinquency management platform. In total, these credit unions serve 3.3 million members and hold $60.7 billion in assets.
“We’ve prepared for robust growth from the very beginning,” said Steve Castagna, AKUVO’s Chief Revenue Officer. “Our platform’s cloud-based architecture supports full scalability, and we’ve doubled our workforce this past year in anticipation of rapidly adding new business. We will continue to evaluate staffing, especially within our service team, to ensure we can provide outstanding support to our new and existing customers. We’re excited to welcome so many exceptional credit unions to AKUVO!”
Many of these new customers signed on for Aperture’s all-inclusive managed experience, which allows credit unions to leverage AKUVO staffing and resources, further elevating service. Some new customers also said AKUVO is an important part of their growth plans, and others said they appreciated the platform’s data-driven playbooks, superior reporting, and third-party integration capabilities.
Out of the 21 newly signed customers, 13 are able to publicly announce their conversion plans:
- CFCU Community Credit Union based in Ithaca, N.Y. This $1.4 billion credit union serves 81,709 members.
- Corporate America Family Credit Union (CAFCU), with $835 million in assets and 68,018 members, headquartered in Elgin, Ill.
- Del Norte Credit Union of Santa Fe, N.M. This credit union with $1 billion in assets serves 60,666 members.
- The $368 million Fort Sill Federal Credit Union of Lawton, Okla., which serves 23,814 members.
- Mazuma Credit Union in Overland Park, Kan., which has $974 million in assets and serves 73,528 members.
- Mobility Credit Union, a $381 million cooperative in Irving, Texas, which serves 21,736 members.
- The $5.2 billion NASA Federal Credit Union, located in Upper Marlboro, Md., serving 240,473 members.
- One Nevada Credit Union is headquartered in Las Vegas. This cooperative has $1.3 billion in assets and serves 75,874 members.
- The $1.5 billion Operating Engineers Federal Credit Union is based in Livermore, Calif., and serves 105,092 members.
- St. Louis Community Credit Union, which has $407 million in assets. This St. Louis-based cooperative serves 55,494 members.
- The $1 billion Valley First Credit Union headquartered in Modesto, Calif., which serves 78,471 members.
- We Florida Financial Credit Union has $803 million in assets and serves 46,459 members from its headquarters in Margate, Fla.
- The $965 million WeStreet Federal Credit Union serves 56,817 members and is based in Tulsa, Okla.
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.
