OceanAir Selects Spiral to Empower Financial Wellness and Community Impact Through Everyday Banking

OceanAir chooses Spiral to empower its members to effortlessly grow their savings and community impact through personalized banking experiences.

NEW YORK--(BUSINESS WIRE)--Spiral, the award-winning personalized banking platform, today announced a partnership with OceanAir (formerly CBC FCU), a leading California-based credit union whose mission is to inspire financial happiness one member at a time. This partnership will enable OceanAir to amplify member engagement and grow deposits through new personalized digital experiences. Members will be able to turn everyday purchases into savings and community impact and donate through an innovative online Giving Center.

By integrating Spiral's Everyday Impact™, OceanAir’s members will be empowered to round up their everyday purchases to go toward saving for the future and supporting their favorite charitable causes, directly benefiting their communities and nonprofits. In addition, their new Giving Center will enable members to easily donate to their preferred charities directly from their digital accounts. Through this personalized Giving Center, members can create a tailored portfolio of causes, track their charitable impact, and receive a donation report for tax purposes.

"These new digital experiences will empower members on their personalized financial journey—and make it easy for people to give back," said Daniel Bednar, SVP, Chief Strategy Officer at OceanAir. "With Spiral, we're excited to bring financial happiness to more people and help more communities."

By partnering with Spiral, OceanAir will increase awareness and digital donations directly from its member base to its charitable nonprofit partners, expand its offering for local nonprofits, and create positive change in communities through fundraising campaigns, donation matching, and community-wide events.

"OceanAir has a strong commitment to bringing financial well-being to its members and giving back to the communities they serve,” said Shawn Melamed, CEO and Co-founder of Spiral. "We're excited to empower more credit unions to grow deposits, attract new members, and enable people to help other people through everyday banking," he added.

Spiral’s turnkey solutions integrate with leading digital banking providers and core systems. To learn more about Spiral’s platform, please contact Spiral here.

About Spiral

Headquartered in New York City, Spiral is the award-winning platform that helps credit unions and banks build deeper relationships that boost retention, grow deposits and loans, and increase revenue through personalized banking experiences. With Spiral, financial institutions can empower their account holders to achieve financial freedom and easily support their communities through any online bank account, debit card, or credit card. Thus, Spiral makes it simple for financial institutions to drive positive change and empower millions of people to build better lives and positively impact their communities.

Spiral is spearheaded by fintech serial entrepreneur Shawn Melamed, a former Managing Director of Morgan Stanley's Technology Business Development and Innovation Offices. Their mission-driven team has deep banking, nonprofit, and fintech expertise, including Jim Rosenthal, the former COO of Morgan Stanley, who is part of Spiral's board. Spiral is backed by Team8, Euclidean Capital, Intuition Fund, Communitas Capital, Phoenix, Nidoco AB, MTVO, Curql, ICBA, and more. To learn more, visit Spiral.us.

About OceanAir

OceanAir Federal Credit Union (Formerly CBC Federal Credit Union) has been serving communities since 1952, starting as a small credit union for civil engineers at the Port Hueneme Construction Battalion Center. As a Certified Development Financial Institution (CDFI) and Juntos Avanzamos-designated credit union, OceanAir supports underserved communities and promotes financial inclusion across Southern California. With four branch locations in Ventura County and over $800 million in assets, OceanAir empowers members to achieve financial success through innovative and personalized solutions and offers a comprehensive range of services, including Home Loans, Lending, Wealth Management, Insurance Services, and Deposit products. To learn more about OceanAir, visit oceanair.org.