Juniper Payments, the largest cloud-based non-bank third-party provider of inter-bank transaction and reporting systems in the U.S., is pleased to announce its partnership with Millennium Corporate Credit Union (Millennium CCU) to offer an innovative, integrated payments solution to credit unions across the country.
Based in Wichita, Kansas, Millennium CCU was founded in 1951 with a focus on providing credit unions throughout the state with a cooperative correspondent ally in the financial services industry. Today, Millennium CCU partners with credit unions nationwide, all while remaining committed to bettering the financial well-being of credit union members’ lives.
Through this collaboration, Juniper Payments and Millennium CCU will deliver integrated transaction, reporting and settlement services to Millennium CCU member credit unions. Named coreCONNECT by Millennium CCU, the solution is designed and built specifically to facilitate end-to-end payments processing and is poised to take a position as the leading solution for Millennium CU’s correspondent financial institutions.
“We are pleased to expand our relationship with Juniper Payments as we’ve witnessed firsthand their industry commitment to providing innovative solutions for correspondent financial institutions,” said Larry Eisenhauer, president and CEO, Millennium Corporate Credit Union. “We’ve been working with both Juniper Payments and the Federal Reserve for years to ensure our member credit unions have access to innovative technology that is simple and intuitive. Participating in FedNow positions our member credit unions for success by bringing instant payments to market to meet member demand.”
coreCONNECT will also include access to the JuniFunds Payments Hub (JuniFunds) from Juniper Payments, a true value-add to Millennium CCU’s robust offerings and its service-centric culture. JuniFunds introduces origination options and delivery of the newest payment rail, FedNow Services℠ (FedNow), which will be offered by the Federal Reserve Bank beginning July 2023. This technology operates 24/7/365, enabling financial institutions of all sizes to offer their membership the ability to send and receive money immediately, providing receivers instant access to funds. The addition of FedNow enables the fastest form of payments between financial institutions, consumers, businesses and government entities with nearly unlimited use cases.
"Juniper Payments has a longstanding relationship with Millennium Corporate Credit Union, and this partnership represents a major step forward in our mission to provide innovative, integrated payments solutions to financial institutions of all sizes,” said Jon Budd, CEO, Juniper Payments. “With coreCONNECT by Millennium CCU and JuniFunds, credit unions will have the ability to easily transition from a batch-based environment to a modern, automated payment ecosystem that saves time and enhances member relationships.”
For more information, visit junifunds.com.