Navy Federal Credit Union in Vienna, Va., has invested in Curql Fund II
The $180 billion-asset credit union did not disclose how much it invested in the fund, which is operated by Curql, a collective with more than 130 credit unions.
“Providing the best possible service to our members is always our focus at Navy Federal, and we also believe strongly in the value all credit unions bring to their hundreds of millions of members across the world,” Dietrich Kuhlmann, Navy Federal’s president and CEO, said in a press release. “We’re proud to join the Curql Collective to help advance the goal of removing barriers for credit unions of all sizes and facilitating the implementation of fintech across the industry.”
“Our industry is at a critical inflection point where credit unions – large and small – must work together to remain competitive in an increasingly digital financial landscape,” added Nick Evens, Curql Collective’s president and CEO. “Navy Federal’s decision to invest … is a testament to the power of collaboration and the shared vision of credit unions driving their own innovation.”