Dupaco Community Credit Union Achieves 300% Increase in New Retail Member Accounts Opened Online and Raises $138 Million in Deposits with MANTL

Alkami Technology (Nasdaq: ALKT) reported that Dupaco Community Credit Union achieved strong results using its MANTL account opening solution.

Rhea-AI Summary

Alkami Technology (Nasdaq: ALKT) reported that Dupaco Community Credit Union achieved strong results using its MANTL account opening solution. Dupaco implemented a unified omnichannel onboarding strategy, driving a 300% increase in new retail member accounts opened online, more than $138 million in new deposits, and saving over 4,194 staff hours.

According to Alkami, Dupaco also more than doubled its 2025 growth goal by the end of the third quarter by replacing fragmented onboarding with a single platform covering retail, business, and specialty accounts across all channels.

Argus Jun 17 session

-2.96% close to close Open Argus

Details

News Market Reaction – ALKT

On Jun 17, the day this news came out, ALKT closed 2.96% below the previous close.

Data tracked by StockTitan Argus for the Jun 17 session.

Market Context

This announcement underscores Alkami’s focus on measurable client outcomes through MANTL, citing a 3...

Analysis

This announcement underscores Alkami’s focus on measurable client outcomes through MANTL, citing a 300% increase in new online retail accounts, more than $138 million in deposits, and over 4,194 staff hours saved at Dupaco. It builds on a series of recent partnerships and integrations aimed at modernizing account opening and open banking. Investors often track continued client wins, product adoption across channels, and execution against these case-study results as key indicators.

Key Figures

Increase in online accounts: 300% New deposits raised: $138 million Staff hours saved: 4,194 hours +2 more

Increase in online accounts

300%

Growth in new retail member accounts opened online at Dupaco

New deposits raised

$138 million

Deposits Dupaco raised using MANTL-powered account opening

Staff hours saved

4,194 hours

Staff time saved by digitizing manual in-branch account opening

Legacy onboarding screens

7 screens

Number of separate screens in Dupaco’s prior onboarding process

Legacy systems

3 systems

Disconnected systems replaced by MANTL’s single platform at Dupaco

Historical Context

5 past events · Latest: Jun 10

5 events

1. Jun 10

   Open banking integration

   24h Move

   -2.0%

   FDX API integration with Yodlee to improve open banking connectivity and security.

2. May 27

   MANTL deployment win

   24h Move

   +0.0%

   Citizens Bank selects MANTL to unify and automate deposit account opening.

3. May 20

   AI webinar announcement

   24h Move

   -0.7%

   Webinar on AI-driven business banking and digital onboarding initiatives.

4. May 19

   Bank partnership

   24h Move

   -1.4%

   FVSBank partners with MANTL to enable sub-10-minute, omnichannel account opening.

5. May 19

   Conference presentation

   24h Move

   -1.4%

   Leadership scheduled to present at William Blair Growth Stock Conference.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

omnichannel, fintechs, iras

3 terms

omnichannel technical

"By implementing a unified omnichannel account opening strategy across retail..."

A coordinated approach to selling and serving customers across all touchpoints—stores, websites, mobile apps, social media, and call centers—so the experience feels like one continuous conversation no matter where a customer interacts. For investors, omnichannel capability signals how well a company can attract and keep customers, turn interactions into sales, and use shared customer data to cut costs and boost revenue—making it a key driver of growth and competitive strength.

fintechs financial

"As competition from digital-first banks and fintechs intensifies..."

Fintechs are companies that use software and digital tools to deliver or improve financial services—such as payments, banking, lending, investing or insurance—often offering faster, cheaper or more convenient alternatives to traditional providers. For investors, fintechs matter because they can quickly reshape markets and capture growth like a new app that upends an old service, but they also face special risks from regulation, technology failures and intense competition.

iras financial

"supporting a broad range of account types, including business and specialty accounts, IRAs..."

Individual Retirement Accounts (IRAs) are personal investment accounts designed specifically to save for retirement, offering tax advantages that help savings grow faster than in a regular account. Think of an IRA as a dedicated piggy bank where contributions and earnings get special tax treatment—either tax-deferred or tax-free depending on the type—making it important for investors who want to lower current or future taxes while holding stocks, bonds, and funds for long-term goals.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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The Iowa-based credit union more than doubled its 2025 growth goal, streamlined account opening across every channel, and saved more than 4,194 staff hours

PLANO, Texas, June 17, 2026 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced that Dupaco Community Credit Union (Dupaco), headquartered in Iowa, is accelerating deposit growth, improving operational efficiency, and delivering a modern member experience with MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology. By implementing a unified omnichannel account opening strategy across retail and business onboarding, Dupaco achieved a 300% increase in new retail member accounts opened online, raised more than $138 million in deposits, and saved over 4,194 staff hours previously spent on manual, in-branch account opening processes.

As competition from digital-first banks and fintechs intensifies, Dupaco is proving that credit unions can not only compete, but lead, in the digital era. A new case study reveals that Dupaco more than doubled its annual growth goal for 2025 by the end of the third quarter, and a top source of new deposits entering the institution were from a leading fintech. The case study highlights Dupaco's success in winning deposits, deepening relationships, and competing effectively in an industry that is experiencing continuous evolution.

"Our world is changing at a rapid pace, and member expectations have shifted," said Tami Brandenburg, vice president, member service at Dupaco. "To attract younger members and stay relevant, we have to meet people where they are, and they're embracing digital banking experiences and convenience."

Seeking to create a single, consistent account opening experience across every channel, Dupaco selected MANTL to serve as one front door for deposits across retail and business account types—in branch, online, and in the field. With MANTL, Dupaco replaced a fragmented onboarding process that relied on seven separate screens and three disconnected systems with a single platform capable of supporting a broad range of account types, including business and specialty accounts, IRAs, and safe deposit boxes.

"This partnership has fueled growth across every channel and delivered institution-wide operational efficiency, empowering our teams to focus more on serving members and less on managing expensive manual processes," Brandenburg said.

"Dupaco is redefining what the branch experience can be, turning it into a fast, fully digital, and deeply consultative environment. By eliminating complexity and digitizing critical workflows, they've unlocked extraordinary efficiency while delivering the modern, member-first experience today's consumers expect," said Dan Milgrom, vice president and chief customer officer, Solutions Group at Alkami.

To learn more about how Dupaco transformed retail and business account opening across every channel, download the full case study, click here.

To learn how MANTL can transform your account opening process and empower your team, or to schedule a demo, click here.

To learn more about the Alkami Digital Sales & Service Platform, visit here. To request a demo, visit here.

About Alkami
Alkami provides a digital sales and service platform for U.S. banks and credit unions. Our unified Platform integrates onboarding, digital banking, and data and marketing—each solution can stand alone, but together they deliver more—to help institutions onboard, engage, and grow relationships. As the future shifts toward Anticipatory Banking, we help data-informed bankers meet the moment with technology that drives action.

About Dupaco Community Credit Union
Dupaco Community Credit Union is a not-for-profit, member-owned financial cooperative headquartered in Dubuque, Iowa. It is dedicated to the financial well-being of its members, and specializes in personalized financial counseling, money advice and education. It offers savings, loans, investments, insurance and wealth management products for individuals and businesses. Dupaco serves residents in 118 counties throughout Iowa, northwest Illinois and southwest Wisconsin. Founded in 1948 by ten Dubuque Packing Company employees, membership has grown to more than 179,000 with assets exceeding $3.6 billion. It has over 600 employees and 22 branch office locations. Learn more at www.dupaco.com.

Media Relations Contacts
Vested
alkami@fullyvested.com

Marla Pieton
marla.pieton@alkami.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/dupaco-community-credit-union-achieves-300-increase-in-new-retail-member-accounts-opened-online-and-raises-138-million-in-deposits-with-mantl-302802248.html

SOURCE Alkami Technology, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Alkami (Nasdaq: ALKT) announce about Dupaco Community Credit Union on June 17, 2026?

Alkami announced that Dupaco Community Credit Union achieved major gains using the MANTL account opening platform. According to Alkami, Dupaco unified retail and business onboarding across channels, boosting online account openings, deposits, and efficiency while modernizing the member experience to match changing digital expectations.

How much deposit growth did Dupaco achieve with Alkami’s MANTL solution?

Dupaco raised more than $138 million in deposits after deploying MANTL’s unified account opening platform. According to Alkami, this growth came alongside a streamlined omnichannel onboarding experience, helping Dupaco win new deposits, deepen relationships, and compete effectively with digital-first banks and fintechs.

What operational efficiencies did Dupaco gain from Alkami’s MANTL platform (ALKT)?

Dupaco saved over 4,194 staff hours by digitizing and unifying account opening with MANTL. According to Alkami, the credit union replaced seven separate screens and three disconnected systems, reducing manual in-branch work so staff could focus more on serving members across all channels.

How did Alkami’s MANTL impact Dupaco’s new retail member accounts?

MANTL helped Dupaco achieve a 300% increase in new retail member accounts opened online. According to Alkami, this growth followed adoption of a single omnichannel account opening experience for retail and business accounts in-branch, online, and in the field, including specialty products.

Did Dupaco exceed its 2025 growth goal using Alkami’s MANTL solution (ALKT)?

Yes. Dupaco more than doubled its 2025 growth goal by the end of the third quarter. According to Alkami, this outperformance was linked to its unified digital onboarding strategy, which boosted deposits, online account openings, and competitive positioning against digital-first banks and fintechs.