There now are 200 credit unions and other lenders using the automated direct, indirect and merchant lending software platforms from Teres Solutions, the company said.
The 200th customer was $356 million Credit Union West of Glendale, Ariz., the seven-year-old company said. Other recent signees include $353 million Olin Community CU of Bethalto, Ill., $507 million AltaOne FCU of Ridgecrest, Calif., $481 million Y-12 FCU of Oak Ridge, Tenn., $373 million IC FCU of Fitchburg, Mass., and The Credit Union Loan Source LLC, a Georgia CUSO.
The Texas-based company said 25 new customers have signed on in the past year. The company also added its merchant lending module in the past year, allowing merchants and professional service providers to submit point-of-sale loan applications through the SAIL system.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
