Dupaco Community Credit Union Achieves 300% Increase in New Retail Member Accounts Opened Online and Raises $138 Million in Deposits with MANTL
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.
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News Market Reaction – ALKT
In the Jun 17 session, ALKT declined 2.96%, reflecting a moderate negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 10 | Open banking integration | Positive | -2.0% | FDX API integration with Yodlee to improve open banking connectivity and security. |
| May 27 | MANTL deployment win | Positive | +0.0% | Citizens Bank selects MANTL to unify and automate deposit account opening. |
| May 20 | AI webinar announcement | Positive | -0.7% | Webinar on AI-driven business banking and digital onboarding initiatives. |
| May 19 | Bank partnership | Positive | -1.4% | FVSBank partners with MANTL to enable sub-10-minute, omnichannel account opening. |
| May 19 | Conference presentation | Positive | -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.
Recent product and partnership announcements have often been followed by modest or negative next-day moves despite positive operational implications.
Over the past month, Alkami has focused on expanding platform capabilities and partnerships. On May 19, FVSBank chose MANTL to modernize omnichannel onboarding. On May 27, Citizens Bank expanded its relationship by selecting MANTL to enhance account opening. A June 10 integration with Yodlee advanced FDX API-based open banking. Despite these upbeat updates, four of the last five news days saw negative 24-hour price reactions, indicating a pattern of subdued market response to positive news.
Key Terms
omnichannel technical
fintechs financial
iras financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
The
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
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
Media Relations Contacts
Vested
alkami@fullyvested.com
Marla Pieton
marla.pieton@alkami.com
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SOURCE Alkami Technology, Inc.