Today we are announcing the winners of Celent Model Bank 2022 Awards. Our annual Model Bank program was launched 15 years ago to recognize financial institutions for best practices of technology usage in different areas critical to success in banking.

Celent is delighted to recognize Teachers Federal Credit Union as Celent’s Model Bank of the Year for 2022! Teachers Federal Credit Union is a not-for-profit, member-owned financial institution serving 370,000 members with easy-to-use solutions for a wide range of banking needs. Teachers is committed to providing the best financial products, education and services to its members. It is the twenty-third largest credit union in the United States, according to National Credit Union Administration (NCUA) data.

Teachers has broken the mold for what an $8.7 billion asset sized credit union can do in digital transformation.We are honoring Teachers for its ability to execute on a digital transformation strategy along multiple fronts (enterprise data management, unified customer relationship management, and optimized back office systems integration).

We are also excited to recognize 16 additional financial institutions and their initiatives with Model Bank 2022 awards: