NEW YORK, July 22 — Security Federal Bank today announced the launch of Roundup Center, powered by Spiral, the award-winning platform redefining digital banking. With Spiral, customers can automatically grow their savings and support charitable organizations through everyday banking.
By seamlessly integrating Spiral’s Roundup Center into Security Federal Bank’s digital banking platform, customers can enroll to automatically round up their everyday debit card purchases and direct the spare change toward their personal savings goals or charitable giving.
“As a community bank and CDFI, we are always looking for new ways to help our customers thrive while strengthening the communities we serve,” said Phil Wahl, CEO and President of Security Federal Bank. “Spiral makes saving and giving effortless while reinforcing the relationship-based banking experience our customers have come to expect from Security Federal Bank.”
Customers can choose to direct their roundups entirely to savings or split them between savings and charitable giving, with the flexibility to support local and national nonprofit organizations that matter most to them. The personalized experience also includes real-time impact tracking and tax-deductible donation receipts, making it easy for customers to see the difference they are making every day.
“Security Federal Bank truly puts its customers and community first,” said Shawn Melamed, CEO and Founder of Spiral. “When saving and giving feel personal and effortless, community banks see deeper customer engagement, stronger deposit growth, and lasting customer loyalty.”
Spiral’s turnkey solutions integrate with leading digital banking providers and core systems.