Thank you for sharing!

Your article was successfully shared with the contacts you provided.

<p>SOUTHBEND, Ind. – When it comes to loans, Communitywide Federal Credit Union can shout, “What a difference automation makes”. In 2001, the $84 million credit union managed to increase its loan volume by more than 50% to over $60 million. “Two factors have made our rapid loan growth possible,” said CFCU President Loren Roth. “One is the extensive network of partnerships our credit union has established with local businesses over the past two years to provide financing. The other is our custom loan automation system, CRIterion. Quite frankly, we would not have been able to handle this significant increase in loan volume without CRIterion.” Designed by Atlanta-based Creditor Resources, Inc., a supplier of credit insurance and related technology products, CRIterion is a networked “front-end” system that is comprised of credit union modules for loan services, member services, and cross selling. Available in a 32-bit or Windows-based version, these modules are functional in standalone or integrated environments and provide users rate comparisons, competitive information and “what-if” scenarios. For the past three years, CFCU and CRI have worked together to create a wish list of features including custom forms and tailored reporting and documentation functions and as needs arise they tweak the system accordingly. “We probably pushed the envelope as far as we could to make CRIterion work the way we wanted,” said Roth. As CFCU’s loan volume continues to grow at a rate of about 25% to 30% annually, Roth says the credit union has plans to upgrade to the Windows version.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.