Nine More CUs Come On Board with CU Direct
CU Direct reported that nine additional credit unions have signed up to use its Lending 360 loan origination system to make auto loans.
Lending 360 streamlines and automates decisions in originating, underwriting and funding auto loans, the company said.
The nine credit unions included the $4 billion, 488,000 member Mountain America Credit Union; the $1.9 billion, 27,000 member Merck Employees Federal Credit Union; the $1.2 billion, 90,000 member Orange County’s Credit Union; the $1 billion, 98,000 member Goldenwest Federal Credit Union; the $525 million, 36,000 member Clark County Credit Union; the $493 million, 55,000 member Mazuma Credit Union; the $345 million, 31,000 member Granite Federal Credit Union; the $342.8 million, 25,000 member PremierOne Credit Union and the $148.3 million, 20,000 member Central State Credit Union.
“We researched many different LOS options, looking for a solution that supported our vision of being a lending organization and making it easy for our members to do business with us,” noted Dan Engelhard, chief lending officer at Mazuma Credit Union adopting the LOS. “CU Direct’s Lending 360 LOS proved to be highly functional and provides dynamic decision making capabilities and automated cross sell opportunities that will support our lending direction. We are excited about our lending future and the partnership to implement Lending 360; this will be a huge enabler to get us closer to our vision of being a lending institution.”
“A great experience starts with ease of use, and with that in mind, we made Lending 360 both highly intuitive and user-friendly,” Paul Kirkbride, senior vice president of CU Solutions at CU Direct said. “We want to simplify the lending process for both staff and members, and we’re very excited about working with these new credit union partners to accomplish that goal.”
“Clark County Credit Union is excited about the conversion to Lending 360 -- as we look to create a fast and modern lending experience for our members, Lending 360 fits the bill with its integration to our other partners,” Chad Heese, COO at Clark County Credit Union said. “Being able to obtain remote digital signatures, pricing on insurance products, and collateral valuation all from one system will make for a better member experience.”