The New Jersey Credit Union League Services Corp., a wholly owned subsidiary of the New Jersey Credit Union League, and Narmi Inc. have formed a partnership to bring “innovative financial technology” to New Jersey’s credit unions.

Narmi is a financial technology company specifically designed for regional and community financial institutions like credit unions.

“We are proud to partner with NJCUL to solve the most pressing problems for New Jersey credit unions,” said Narmi co-founder Nikhil Lakhanpal. “Since Narmi is headquartered in New York City, we can easily meet with management teams, attend local chapter meetings, and, in general, have a deep presence in such a great state.”

Nikhil Lakhanpal, Narmi
Nikhil Lakhanpal, co-founder of Narmi and a former credit union executive

Narmi will offer more than 150 features in its platform and has partnered with companies like Billshark (bill negotiation services) and Lemonade (affordable property insurance) to deliver a “higher quality of service” to credit union members.

Narmi’s roots go back to the now $16 million Georgetown University Alumni & Student Federal Credit Union of Washington DC -- where Narmi founders Lakhanpal and Chris Griffin served as CEO and CTO, respectively, as seniors in college.

NJCUL members will also be able to use Narmi’s online banking, mobile banking, online account opening, CRM and support applications, and Web site design services.

David Frankil, NJCUL
David Frankil, NJCUL president and CEO

“When we were looking for a partner in this area, we emphasized the need to provide a turn-key digital banking and account opening capability to our members,” said David Frankil, chairman of the NJCUL Services Corp. and president and CEO of the New Jersey Credit Union League. “Narmi offers all that, plus the ability to provide unique benefits to members. Narmi gets it – it’s not just about the technology, it’s about enhancing the entire member experience.”

To read Credit Union Journal's previous coverage of Narmi, visit "Meet the fintech that understands the credit union ethos."

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