Thirty CUs Sign With LSI
Thirty credit unions signed up last year for lending and member contact center services from Lending Solutions Inc., the Elgin, Ill., company said.
The company said they include the $280 million EducationFirst FCU in Beaumont, Texas; $608 million Farmers Insurance Group FCU in Los Angeles; $85 million HarborLight CU in Whitehall, Mich.; $212 million Our Community FCU in Shelton, Wash.; $106 million Premier Community CU in Stockton, Calif.; $33 million Steel Valley FCU in Cleveland; $174 million TEG FCU in Poughkeepsie, N.Y.; $171 million Tremont CU in Braintree, Mass.; and $121 million West Community CU in O'Fallon, Mo.
Most of the new customers are using LSI's flagship loan-by-phone and online lending services, including its WebReach program, in which LSI staff proactively contact members that have applied online, which the company said substantially increases funding ratios and cross-sell income in online lending.
Five of the new customers are using LSI's 24/7 member service solution, while another six are utilizing LSI's collections outsourcing.