Arizona Federal Credit Union in Phoenix said it has added Akcelerant’s loan origination system to its existing use of the Philadelphia-area company’s collections software.
The $1.3 billion, 142,000-member Arizona Federal began using Akcelerant Framework software in 2006 for collections and has since also added its member service product, the company and credit union said.
The credit union cited decisioning, reporting, workflow and configuration functionality in its decision.
“Also, using the Akcelerant Framework to drive both lending and collections from one platform will help communication flow more clearly between our two departments and provide insight into which decisions lead to new or greater risk,” said T.J. Shoemake, the credit union’s senior director of consumer lending.
Akcelerant said it now has offices in Malvern, Pa., and Vancouver, B.C., and a client list of more than 500 credit unions and other financial institutions.