Citadel Credit Union Selects Terafina Inc. to Launch DAO and Omnichannel Transformation

Citadel Credit Union partners with Terafina Inc. to launch DAO and Omnichannel Transformation (Graphic: Business Wire)

SAN RAMON, Calif.--()--Citadel Credit Union, based in Chester County, PA with $3.8 billion in assets, announced today a partnership with Terafina Inc. to enhance its digital account opening process. Through the partnership, Citadel aims to deepen member experience across its digital, branch and call center channels.

In a recent Forbes article on top banking technologies to watch, digital account opening (DAO) was identified as “the most popular technology for the third year in a row, with a third of banks and credit unions expecting to add new or replacement systems in 2020.” Recognizing this continuing trend, Citadel is making a concerted effort to prioritize its omnichannel needs and create a seamless experience for its members across all channels.

During the first stage of the new collaboration, Citadel will power its digital account opening (DAO) with Terafina’s omnichannel platform, focused on member deposits. The branch and call center channels will also be established to give members the flexibility to start an application in the digital channel, and then move to a branch or call center interaction if needed to complete the application. Intelligent cross-sell offers are also included, providing members with targeted, relevant product recommendations and offers to help meet their financial goals. Jeff March, CEO of Citadel, noted that “Terafina offers a fully automated platform that helps create personalized experiences. This new partnership will help us uniquely address our members’ needs.”

The partnership between Citadel and Terafina signifies a strategic collaboration between prospering organizations, and the goal is to spark digital growth and large-scale community impact. Meheriar Hasan, Terafina Inc.’s CEO, affirmed that “we greatly value our newly established relationship with Citadel and strongly feel that our platform offers a simple and easy way for credit unions to meaningfully engage with new and existing members. We are excited about our collaboration with Citadel and helping them continue to deepen member relationships and scale their organic growth.”

Terafina will be showcasing its latest updates at the upcoming CUNA GAC in Washington DC on Monday, February 24th. Come check out their demo on Monday afternoon and visit their booth #642 to learn more.

About Terafina

Terafina Inc., based in the San Francisco Bay Area, CA, provides omnichannel sales solutions that are simple and secure to community banks and credit unions. Terafina helps financial institutions turn their online and mobile engines into strong conversion tools that drive growth by strategically leveraging and positioning product offerings - all while building a collaborative and seamless experience across online, branch and call center channels. For more information about Terafina Inc, visit www.terafinainc.com.

About Citadel Credit Union

Citadel Credit Union, headquartered in Exton, Pennsylvania, provides banking, investments, and insurance services to more than 200,000 members. At $3.8 billion in assets, it is one of the area’s largest locally owned financial institutions, proudly serving residents of Bucks, Chester, Delaware, Lancaster, Montgomery, and Philadelphia counties. Citadel ranked first in the 2019 Callahan & Associates Return of the Member scoring index among all credit unions in Pennsylvania, and was named one of the best performing credit unions in the nation by SNL Financial. For more information, visit CitadelBanking.com.

Contacts

Jason Hillner
Terafina Inc.
Head of Sales
Jason.Hillner@terafinainc.com

Abigail Brooks
Citadel Credit Union
Corporate Communications Manager
AbigailBrooks@citadelbanking.com

Release Summary

Citadel Credit Union partners with Terafina Inc. to launch digital account opening and omnichannel transformation.

Contacts

Jason Hillner
Terafina Inc.
Head of Sales
Jason.Hillner@terafinainc.com

Abigail Brooks
Citadel Credit Union
Corporate Communications Manager
AbigailBrooks@citadelbanking.com