Chimney Selected to Present its Newest Product, Chimney Home at NACUSO’s 2024 Next Big Idea Competition

Chimney among the six companies selected to present at NACUSO’s annual Next Big Idea Competition on April 17th

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.”