Tyfone, Inc.

So just how much bigger is Navy Federal Credit Union Federal than other U.S. credit unions? Consider this. The NCUA posted call report data recently that showed Navy Federal had nearly 13.8 million members at the end of the second quarter of 2024. By comparison, the next five largest credit unions in the country by assets had roughly 10 million members combined at the end of the second quarter. And Navy Federal is not alone. First Tech Federal Credit Union experienced solid membership gains. The $16.7 billion-asset credit union actually outpaced Navy FCU on a percentage basis with 6.5% year-over-year growth to nearly 693,000 members. The $19.6 billion-asset Mountain America Credit Union also had a strong year with 7.8% membership growth to 1.3 million members. Read the whole story at Tyfone, Inc.'s News & Resources page! 👇 https://lnkd.in/eXpuv5Gn

Jim Sessa will step down as president and CEO of Coast Central Credit Union in Eureka, California, on Sept. 18. Sessa has been with the $2 billion-asset organization for 43 years, and served as its chief executive for the past seven. He will be replaced by Fred Moore, CPA, who has been with Coast Central for six years, serving most recently as executive vice president and chief financial officer. Read the story at Tyfone, Inc.'s News & Resources page 👇 https://lnkd.in/eKWq-J-d

Evgeny F. on Tyfone, Inc. Podcast Explains Dubai's Crypto Scene Tune in to the latest episode of the Digital Banking Podcast, featuring Evgeny F., Investment Advisor of Keytom. Evgeny shares his insights on why Dubai has emerged as a premier hub for crypto startups, highlighting its favorable legal infrastructure and innovative community. Key Discussion Points: - 𝗗𝘂𝗯𝗮𝗶’𝘀 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁: Learn how Dubai provides fast, cost-effective ways to establish legal infrastructure for crypto businesses. - 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀 𝗮𝗻𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀: Discover how stablecoins and Central Bank Digital Currencies (CBDCs) are creating new opportunities in the financial world. - 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗕𝗲𝘆𝗼𝗻𝗱 𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆: Explore the transformative potential of blockchain technology in sectors like accounting and legal services. Don’t miss out on this insightful discussion about the future of cryptocurrency and its impact on traditional finance. Listen to the full episode here: https://lnkd.in/dq5nU6Q7 #BlockchainInnovation #DigitalBanking #Cryptocurrency

Portland, Oregon-based Tyfone, Inc., a digital banking company, is the third largest originator on the FedNow network. Tyfone offers a comprehensive, end-to-end extensible gateway that has attracted clients including the $10 billion-asset Star One Credit Union in Sunnyvale, California. In fact, Tyfone partnered with Star One to initiate the first-ever transaction on FedNow, just moments after the platform’s go-live. Star One has now completed nearly 12,000 member transactions with FedNow totaling more than $16 million. https://lnkd.in/e7zH8Gcu

Great story by my friend Jim Dobbs in the new issue of American Banker about the future of community banking. And some awesome commentary in there by Marcell King of Tyfone, Inc.

Verity Credit Union in Seattle will use a $383,000 grant from the U.S. Treasury to fund a small dollar consumer loan program. “This funding will allow us to provide a vital financial lifeline and equip our community with the tools they need to achieve long-term financial stability,” said Verity CEO Tonita Webb, DBA, CCE, CUDE, SPHR. Verity earned $1.5 million through the second quarter of 2024, a 62% increase compared with a year earlier, according to call report data from the NCUA. Check it out at Tyfone, Inc.'s News & Resources page! 👇 https://lnkd.in/ekfztw79