NEW YORK--(BUSINESS WIRE)--Chimney, an award-winning fintech provider for over 65 credit unions, was selected as one of six companies to compete in NACUSO’s annual Next Big Idea Competition, which will take place at the NACUSO Network Conference on April 17, 2024 in Orlando, FL. Matthew Covi, co-founder and CEO of Chimney, will present the company’s latest innovation, Chimney Home, which revolutionizes how financial institutions tap property data in their digital apps.
"Homes are the most valuable asset for most credit union members," said Covi. "But homeowners are forced to turn to companies like Zillow to get financial advice like their home value and borrowing power - and not their banking app. With struggling loan retention rates, credit unions have a remarkable opportunity to empower members with the digital tools they need to manage their assets, while competing in the home equity space and maintaining their role as the primary financial institution."
Covi will demo Chimney Home at this year’s NACUSO Network Conference and explore the latest trends, insights and analysis from data powered by thousands of homeowners, revealing new opportunities for financial institutions to serve this demographic. With Chimney Home, homeowners can get personalized information, insights and offers, right within their mobile banking app. Account holders can track their home value, view their available equity and get personalized offers within their banking app - even if their mortgage is with another lender.
Covi continued, “With over 65 credit union partners, we’re excited to be one of the few invited to this year’s Next Big Idea Competition and to reveal new opportunities for credit unions to deepen engagement with one of the most valuable member segments: homeowners.”
About Chimney
New York-based Chimney delivers modern, interactive tools that help banks and credit unions compete for wallet share in a digital-first world. Winner of the FinovateSpring 2021 Best of Show and FinovateFall 2023 Best of Show, Chimney’s solutions are built for the digital age – designed to engage and win more customers, capture better customer data and move leads faster. The company’s newest product, Chimney Home provides homeowners with actionable advice about their home value, home equity, borrowing power and pre-qualified offers - embedded within the digital banking channels today’s customers prefer. Chimney strives to help financial institutions of all sizes best serve the customers within their communities. That’s why the company is trusted by over 90 financial institutions nationwide, including several top banks and credit unions by asset size. For more information, visit www.chimney.io.
