There now are 200 credit unions and other lenders using the automated direct, indirect and merchant lending software platforms from Teres Solutions, the company said.
The 200th customer was $356 million Credit Union West of Glendale, Ariz., the seven-year-old company said. Other recent signees include $353 million Olin Community CU of Bethalto, Ill., $507 million AltaOne FCU of Ridgecrest, Calif., $481 million Y-12 FCU of Oak Ridge, Tenn., $373 million IC FCU of Fitchburg, Mass., and The Credit Union Loan Source LLC, a Georgia CUSO.
The Texas-based company said 25 new customers have signed on in the past year. The company also added its merchant lending module in the past year, allowing merchants and professional service providers to submit point-of-sale loan applications through the SAIL system.