Callahan shows six vendors had 86% of assets and 69% of the contracts among the 719 credit unions. These credit unions held $741.1 billion in loans on Sept. 30, or 45% of all credit unions loans. They were:

The 287 credit unions using MeridianLink Consumer as their consumer loan origination platform in the third quarter had 47% of loan balances and 40% of the contracts among the 719 credit unions. These credit unions held $402.5 billion in loans on Sept. 30, or 24.5% of all credit unions loans.
The 33 credit unions using Temenos: Infinity as their consumer loan origination platform in the third quarter had 13% of loan balances and 5% of the contracts among the 719 credit unions. These credit unions held $108.3 billion in loans on Sept. 30, or 6.6% of all credit unions loans.
The 66 credit unions using Origence: arc OS as their consumer loan origination platform in the third quarter had 9% of loan balances and 9% of the contracts among the 719 credit unions. These credit unions held $81.2 billion in loans on Sept. 30, or 4.9% of all credit unions loans.
The 35 credit unions using Fiserv: Velocity as their consumer loan origination platform in the third quarter had 6% of loan balances and 5% of the contracts among the 719 credit unions. These credit unions held $52.4 billion in loans on Sept. 30, or 3.2% of all credit unions loans.
The 11 credit unions using CRIF Digital Next as their consumer loan origination platform in the third quarter had 6% of loan balances and 2% of the contracts among the 719 credit unions. These credit unions held $50.4 billion in loans on Sept. 30, or 3.1% of all credit unions loans.
The 67 credit unions using Enhanced Loan Application (ELA) - Symitar/JHA as their consumer loan origination platform in the third quarter had 5% of loan balances and 9% of the contracts among the 719 credit unions. These credit unions held $46.4 billion in loans on Sept. 30, or 2.8% of all credit unions loans.

Contact Jim DuPlessis at JDuPlessis@cutimes.com.

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