Constellation Receives $500,000 Investment from CU Solutions Group

Constellation Receives $500,000 Investment from CU Solutions Group
RALEIGH, N.C. -- Constellation Digital Partners, LLC is announcing a recent Class C investment from CU Solutions Group, a CUSO based in Livonia, Michigan. CU Solutions Group has more than 100 investors and 3,400 clients nationwide. Constellation founder and CEO Kristopher Kovacs closed the investment with Dave Adams, president and CEO of CU Solutions Group. The investment from CU Solutions Group marks the 12th investment in the revolutionary software platform since it launched in May 2017. The innovative company has accomplished the largest capital raise in credit union history and is slated to have its first product launched by the end of the year.
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Constellation will offer a complete suite of digital financial services dedicated solely to credit unions. The company is building out its cloud-based financial services marketplace and platform that will allow credit unions and members to choose which services to use inside of a secure banking experience.

“Member expectations are very high when it comes to mobile experiences. Right now, credit unions aren’t delivering and Constellation will finally change that for our entire industry,” said Kovacs. “CU Solutions Group understands that mobile banking platforms currently limit a credit union’s ability to innovate far too often. Constellation breaks these barriers by replacing a credit union’s existing platform with an open, versatile solution, while CU Solutions Group’s LifeSteps™ Wallet services and content provide the perfect extension to the legacy online and mobile banking experience.”

To date, nine other credit union partners spanning nationwide and now totaling $20 billion in assets, have invested in the platform. The other partners include: Coastal Credit Union, Teacher’s Credit Union, CFCU Community Credit Union, Meritrust Credit Union, Farmers Insurance Federal Credit Union, Georgia’s Own Credit Union, Affinity Federal Credit Union, Kinecta Federal Credit Union and Nusenda Credit Union.

In total, the credit unions represent a massive user base of more than 1.5 million members. In addition to CU Solutions Group, CO-OP Financial Services and CUNA Mutual have also invested in Constellation.

“CUSG is dedicated to enhancing mobile services delivery for credit unions, most recently with the launch of our LifeSteps Wallet product,” said Dave Adams, president and CEO of CU Solutions Group. "As a mobile application developer, we are excited to leverage opportunities to collaborate and integrate our technology solutions with the Constellation platform.”

To learn more about Constellation and get involved, visit www.constellation.coop. And, connect with Constellation on Twitter (@ConstellationDP) and LinkedIn.

Constellation is developing a patented, secure and flexible cloud-based marketplace that enables upper to mid-tier credit unions and innovative app developers to provide safe, reliable, and next-generation digital financial service experiences while giving the freedom to compete, innovate, and thrive in the financial services industry. Constellation will redefine what credit unions offer, delivering digital financial services in a way that enables them to place members at the center of their business strategy. Visit www.constellation.coop to learn more.

CU Solutions Group is an award-winning credit union service organization that offers products and services in the areas of technology, marketing and performance which include web services, mobile app solutions, digital advertising, Save To Win, Love My Credit Union Rewards, Performance Pro and Compease. The company is majority-owned by the Michigan Credit Union League and has more than 100 investors comprised of credit unions, credit union leagues and credit union system organizations. Headquartered in Livonia, MI, the organization serves more than 3,400 clients nationwide and has strategic partnerships with Sprint, Intuit TurboTax®, Gas Station TV, and CU Vendor Management. For more information, visit CUSolutionsGroup.com.