New Customer Spotlight: Panacea Financial, InvesTex CU, The Upstate Bank, and Net CU

Last quarter, we brought in several new financial institutions into our client network. If you know of anyone at these FIs or if you’d like to connect with key individuals, please feel free to reach out. Below is some high-level information on our newest FIs:

Panacea Financial

Panacea Financial is a neobank built for medical doctors by medical doctors. By understanding the specific needs of this community, Panacea Financial has created a neobank that offers targeted financial services that doctors need such as loans to open a new practice or refinancing of student loans. We’re hosting a neobanking webinar with Panacea Financial on November 1st.

Investex Credit Union

InvesTex CU is a Texas credit union initially founded in the 1950s to serve the needs of teachers in the Houston area. Since then, InvesTex has merged several times, growing to over $250mm in assets.

The Upstate Bank

The Upstate Bank is a regional bank founded in 1922 in Rochester NY. The bank provides investment and capital borrowing needs for small and medium size businesses, entrepreneurs and professionals in western New York. The bank is running Jack Henry’s CIF 20/20 core.

Net Credit Union

Pennsylvania-based Net Credit Union just acquired Bankjoy’s onboarding service, Online Account Opening (OAO 2.0). The credit union plans to use the service to onboard new members through the fully digital channel. OAO 2.0 fully integrates with the credit union’s existing banking platform.

Welcome to each of these FIs and do feel free reach out as you see fit!