Farmers Insurance Federal Credit Union (FIGFCU), a $1.5 billion asset-sized credit union serving over 60,000 members nationwide, has announced the launch of its new digital banking platform, Tulee, powered by Constellation Digital Partners (Constellation), a leading cloud-native digital banking services provider. Tulee, which went live earlier this summer, offers FIGFCU members a more enhanced, personalized, and seamless digital banking experience across devices.
Tulee: A Customizable and Holistic Digital Banking Experience
Tulee, which means “peaceful” in Native American language, is designed to provide FIGFCU members with a truly customizable and holistic digital banking experience. Members can choose specific services they find most useful and relevant to them, such as remote deposit, check orders, money transfer, and bill payment. Tulee also allows members to access other financial products and services offered by FIGFCU, such as loans, insurance, investments, and financial education.
Tulee is powered by Constellation’s open platform, which enables credit unions to deliver innovative and secure digital banking solutions to their members. Constellation’s platform is cloud-native, scalable, and flexible, allowing credit unions to integrate with various fintech partners and offer a wide range of features and functionalities to their members. Constellation’s platform also provides credit unions with data analytics and insights to better understand their members’ needs and preferences.
FIGFCU: An Early Investor and Partner of Constellation
FIGFCU has been serving members for over 80 years, with a mission to provide quality financial services that meet the needs of its diverse membership. FIGFCU is also an early investor and partner of Constellation, having participated in its initial funding round in 2017.
FIGFCU initially partnered with Constellation through its Fintech Connect solution to enroll members and deliver services through the Tulee companion app prior to conversion to full digital banking. With members already familiar with the platform’s intuitive features, the conversion process to Constellation was much faster and easier, with initial adoption rates of the platform’s companion app exceeding expectations by more than 500%.
“We are very pleased with the success we’ve seen with Tulee’s launch and our experience working with the Constellation team,” said Beth Rodgers, CMO of FIGFCU. “Constellation’s Digital Banking has allowed us to provide our members with a truly customizable, holistic digital banking experience – one we couldn’t get with other solutions – and leverage the same powerful, adaptable technology used by much larger institutions. We look forward to Tulee’s continued momentum, and our continued work with Constellation to develop other tools that will be uniquely designed to serve our members.”
Constellation: A Leader in Cloud-Native Digital Banking Services
Constellation is a leading provider of cloud-native digital banking services for credit unions and fintechs. Founded in 2016 by Kris Kovacs, a former credit union executive, Constellation aims to revolutionize the digital banking landscape by offering an open development platform that allows credit unions and fintechs to collaborate and create innovative digital financial service experiences. Constellation has over 70 credit union clients and over 40 fintech partners on its platform, with more than $50 billion in assets under management.
“FIGFCU has built a well-earned reputation on providing excellent member service and we are excited for the opportunity to support its goal of providing a world-class, personalized digital banking experience to its members,” said Kris Kovacs, Founder and CEO of Constellation. “We’ve built Constellation Digital Banking from the ground up to be highly flexible and configurable to meet our clients’ unique business needs, allowing them to reflect who they are, address what their members truly want, and ensure they can adapt to whatever comes next.”
