OceanAir and Spiral Team Up for Financial Wellness Initiatives

OceanAir Partners with Spiral for Enhanced Banking Solutions

In a significant move to enhance financial wellness, OceanAir has formed a partnership with Spiral, a renowned personalized banking platform. This collaboration aims to empower OceanAir’s members by providing innovative financial solutions that not only support individual financial health but also promote community engagement.

Transforming Everyday Banking into Community Support

The partnership's cornerstone is the integration of Spiral's Everyday Impact™ into OceanAir's services, allowing members to seamlessly round up their everyday purchases. The rounded-up amounts will be accumulated to help members save while simultaneously allowing them to contribute to their favorite charitable organizations. This unique approach transforms ordinary spending into an avenue for community support, fostering a sense of connection and social responsibility among members.

Empowerment Through Digital Experiences

With these new digital experiences, OceanAir members will have the opportunity to create a tailored portfolio of charitable causes close to their hearts. They will enjoy features that enable them to track their charitable contributions and even obtain reports for tax purposes. This personal touch signifies a major shift in how financial institutions can enhance their members' engagement and promote financial wellness.

Promoting Community Impact

Shawn Melamed, CEO and Co-founder of Spiral, expressed enthusiasm for the partnership, highlighting OceanAir's commitment to enhancing financial well-being and community contribution. He emphasized how this collaboration is set to enable credit unions to not only grow in membership and deposits but also assist their local communities through various fundraising events and donation matching opportunities.

Expanding Nonprofit Support

Through this partnership, OceanAir plans to raise awareness about local charities and provide members with straightforward digital donation options. This initiative marks a significant step toward fostering positive changes in local communities by bridging the gap between everyday banking and philanthropic efforts.

Streamlining Processes to Enhance User Experience

Spiral’s solutions are designed to integrate smoothly with various digital banking providers and core systems, ensuring that the implementation is as seamless as possible for OceanAir’s operations. This is expected to enhance user experiences by making charitable donations straightforward and integrated within existing banking practices.

Who is OceanAir?

Founded in 1952, OceanAir has a long-standing history of community service, initially catering to the financial needs of civil engineers at the Port Hueneme Construction Battalion Center. Today, as a certified development financial institution, OceanAir remains dedicated to supporting underserved communities across Southern California. With a robust asset base exceeding $800 million and a range of personalized financial products including home loans, lending, wealth management, and insurance services, OceanAir is well-positioned to uphold its mission of promoting financial inclusion and success.

Conclusion

This partnership between OceanAir and Spiral signifies a transformative approach to financial services, where everyday banking practices blend seamlessly with charitable initiatives. As they embark on this exciting journey, both organizations are set to redefine what it means to be involved in the community, ensuring that financial wellness is at the forefront of their operations.

Frequently Asked Questions

What is the goal of the partnership between OceanAir and Spiral?

The goal is to enhance financial wellness for members and promote community impact through innovative banking solutions.

How will members benefit from this new partnership?

Members will benefit from personalized banking experiences, enabling them to save and donate to charities through everyday purchases.

What are the main features of Spiral's Everyday Impact™?

The main features include rounding up everyday purchases to save and donate, tracking contributions, and receiving tax reports.

How long has OceanAir been serving communities?

OceanAir has been serving communities since 1952, initially starting to support civil engineers.

What services does OceanAir offer?

OceanAir provides a range of services including home loans, lending, insurance services, and wealth management solutions.

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