ReconArt strengthens credit union sector presence with Latino Community Credit Union reconciliation rollout

ARLINGTON, VA – October 28, 2025 – Latino Community Credit Union (LCCU), a community-based financial institution serving over 140,000 members across North Carolina, has selected ReconArt, a market-leading reconciliation and financial close management platform, to automate its transaction matching, account reconciliation, and period-end certification processes.

The decision follows a recommendation from an existing ReconArt client and reflects the platform’s strong track record with credit unions across the United States. ReconArt’s solution stands out with its robust functionality and alignment with LCCU’s rigorous security, compliance, and audit requirements.

LCCU, which manages assets worth more than US$1 billion, offers a full suite of financial services including mortgages, deposit accounts, personal and auto loans. The credit union’s finance team faced increasing complexity in managing a large general ledger, spreadsheet-based daily reconciliations, and period-end account certification.

ReconArt’s platform addresses these challenges with capabilities for:

• High-volume daily transaction processing with automated matching and exception management.
• Automated journal entry generation from external reports such as Federal Reserve statements.
• Reviewer-approver workflows with audit-ready sign-offs and separation of duties.
• Scheduled data transformation, enrichment, and reporting, eliminating manual, error-prone interventions.
• Frictionless management of multiple data feeds via Recon Data Factory (RDF) – integration and validation layer.

Geri Davies, VP Client Success at ReconArt, says: „It’s always very exciting to work with and support a financial institution with strong roots and impact in its community. LCCU’s commitment to modernize how they approach internal processes such as reconciliation is about something beyond generating operational efficiency. In practicing and exceeding what is expected of an organization of this size, they are in fact innovating and better serving their community.“

This partnership reinforces ReconArt’s growing footprint in the credit union sector in the USA. ReconArt’s purpose-built reconciliation platform continues to deliver measurable value through its holistic approach, deep industry expertise, and proven alignment with the operational needs of U.S. credit unions. As credit unions face increasing pressure to modernize manual processes amid rapid growth and evolving regulatory demands, ReconArt offers a scalable, flexible, and robust solution that ensures compliance, auditability, and operational excellence.

About Latino Community Credit Union

Founded in 2000 in Durham, NC, Latino Community Credit Union (LCCU) is a bilingual, member-owned financial institution dedicated to providing ethical banking services and financial education to underserved communities. With over 140,000 members and $1 billion in assets, LCCU empowers individuals—especially immigrants and low-income families—through inclusive lending, alternative credit programs, and community-focused initiatives.

About ReconArt

ReconArt, Inc. is a U.S.-based technology company dedicated exclusively to the reconciliation domain. Its enterprise-class, fully web-based platform delivers end-to-end automation for reconciliation and financial close processes. With over a decade of experience and a diverse global client base, ReconArt empowers organizations across industries—particularly in financial services and banking—to achieve scalable, enterprise-grade reconciliations, finance process maturity and AI-driven autonomy.