SANTA CLARA, Calif. — Noting that it did not have the manpower to immediately handle all of the CUDL applications that were coming through, National 1st Credit Union has turned to Lending Solutions Inc., to provide 24/7 review of its indirect lending applications.

While approximately 30% of the CU’s applications come in after hours, Lending Solutions reviews nearly 70% of its total CUDL applications, according to Sandy Scutchall, vice president of lending at National 1st. The CU saw 208 applications come through CUDL in February. Out of those it funded 73, but out of the total about 90% went through Lending Solutions, Scutchall added.

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

Copyright © 2022 ALM Global, LLC. All Rights Reserved.