Nymbus Celebrates Victory at 2025 Luminaries Awards for Transforming Banking with MSUFCU

Nymbus Triumphs in Core Banking Innovation

Nymbus, a leading modern core banking platform provider dedicated to U.S. banks and credit unions, has made headlines by being awarded the prestigious 2025 Credit Union Times Luminaries Award, specifically in the category of Product Innovation for Core Processing and Conversion. This accolade is a testament to their invaluable partnership with the Michigan State University Federal Credit Union (MSUFCU) as they successfully transformed customer services through innovative banking solutions.

The award recognizes Nymbus's groundbreaking efforts in migrating customers from two newly acquired community banks, Algonquin State Bank and McHenry State Bank, onto Pillur—a dedicated digital banking platform specifically designed to meet the needs of small and medium-sized businesses. This unique approach enables Nymbus to successfully segment the community based on their specific requirements. Pillur harnesses the capabilities of Nymbus Core and Launch SMB, positioning MSUFCU as a leader in providing tailored banking solutions.

Jeffery Kendall, Chairman and CEO of Nymbus, expressed pride in receiving the Luminaries Award, stating, "This award reflects the exceptional partnership we've built with MSUFCU and validates our approach to enabling credit unions to think strategically about core modernization." His words underline the significance of collaboration between Nymbus and MSUFCU and the value of leveraging modern technology to enhance service delivery uniquely.

One of the glaring achievements of this collaboration was the successful transfer of $65 million in deposit accounts from the acquired banks to the new Pillur platform, marking a significant milestone in targeted re-platforming for small and medium businesses at an industry level. Sara Dolan, Chief Financial Officer of MSUFCU, recognized that business owners require banking tools that align with their operational needs, saying, "Pillur allows us to deliver faster, smarter, and more personalized banking experiences."

This initiative isn't merely about dollars and cents; it represents a forward-thinking strategy that allows credit unions to utilize mergers and acquisitions as pivotal growth experiences—to revamp their core frameworks rather than being bogged down by them. Nymbus has set a new benchmark by combining cloud-native technology and expert-managed services, providing seamless migration services that facilitate customization without crippling operations.

The vision of MSUFCU in launching Pillur showcases the potential for financial institutions to use robust technology frameworks to pivot towards segments that would benefit from tailored banking experiences. As industries evolve, it’s imperative for financial institutions to adopt flexible strategies for growth that align with their customer base and market demands.

With a commitment to financial inclusivity and technological advancement, Nymbus empowers community banks and credit unions to not only enhance market positioning but to also navigate future challenges seamlessly. Since founded in 2015, Nymbus has been on a mission to modernize legacy banking systems, making them more adaptable for the digital-first world.

For those eager to learn more about how Nymbus and MSUFCU are revolutionizing banking, they can dive deeper into the partnership and its ideals at nymbus.com/lp/client-stories/msufcu/.

Furthermore, Pillur Business Banking is designed as a comprehensive financial solution for business owners. It offers an array of services, including digital banking tools, business checking and savings accounts, as well as cash management services tailored for progressive growth—all under the assurance of federal insurance by the National Credit Union Administration (NCUA).

In conclusion, Nymbus’s groundbreaking recognition at the 2025 Luminaries Awards is not just indicative of its innovative prowess but also a representation of how strategic partnerships can foster growth in an increasingly competitive banking landscape. As credit unions look towards the future, technologies like Pillur may become essential in differentiating their services and enhancing overall customer satisfaction.