In a move aimed at expanding access to artificial intelligence in lending, Teachers Federal Credit Union of Hauppauge, N.Y., and Corridor Platforms announced plans to launch Precision CUSO to bring automated approval and AI-driving credit decisioning tools to credit unions nationwide.
"CUSOs enable credit unions to adopt AI capabilities without having to build large, specialized teams," Calhoun said. "By bringing together talent, technology and governance, CUSOs enable credit unions to innovate responsibly, compete effectively and stay focused on serving their members."
Corridor Platforms CEO Manish Gupta emphasized the collaborative structure behind Precision CUSO.
"The pressure on credit unions to modernize has never been greater," Gupta said. "Precision CUSO represents a 'by credit unions, for credit unions' solution that combines the innovation of AI-driven decisioning with the governance, transparency and member-centric values that define the credit union industry. In an AI-first world, we have collaborated closely with Teachers Federal Credit Union to build a solution that allows credit unions of all sizes to innovate, grow and meet the changing needs of their members with confidence."
Precision CUSO will give credit unions tools to automate credit approvals, streamline decision workflows and access data insights – all while maintaining governance, compliance and control over their data.
Precision is a hosted decision intelligence platform for credit unions that includes custom underwriting, automated compliance controls and governance. Credit unions can create decisioning strategies using their own member data and integrate in-house or third-party models. These strategies are tested through a governance framework, including champion-challenger testing, which helps reduce manual intervention and maintain consistency in decision-making, to provide more personalized member experiences.
Built in collaboration with Teachers, Precision CUSO connects data across core banking systems, loan origination platforms, bureau data and other third-party sources. This centralized infrastructure gives credit unions a real-time view of each member, supporting more informed decisions throughout the relationship.
"Our partnership with Corridor Platforms has helped transform how we make decisions and serve our members," Calhoun said. "With Precision CUSO, we are extending those same capabilities to credit unions nationwide – providing the tools to automate approvals, scale responsibly, and compete both today and well into the future, while staying grounded in the cooperative values that define our industry."
Teachers has more than $9.9 billion in assets and more than 472,000 members nationwide.
Joyce Moed can be reached at joyce.moed@arc-network.com.
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