ONTARIO, Calif.–CU Direct, the provider of lending, automotive and strategic solutions to credit unions, announced new partnership agreements with eight credit unions to implement the company’s Lending 360 Loan Origination System (LOS).
“ecognized as an industry-leading complete loan origination system, Lending 360 offers dynamic features that streamline the entire loan application process, giving credit unions the ability to greatly enhance the loan officer and member experience,” CU Direct said. “Lending 360’s integration with credit unions’ core processing systems helps to significantly improve the processes associated with originating, underwriting, and funding consumer loan applications. As a result, credit unions and CUSOs gain a true competitive edge by increasing efficiency and productivity.”
Credit Unions implementing Lending 360 include:
- Denver-based Westerra Credit Union (94,292 members, 1.3 billion in assets)
- West Jordan, Utah-based Cyprus Credit Union (91,950 members, $707.6 million in assets)
- Beaverton, Ore.-based Rivermark Credit Union (70,939 members, $641.7 million in assets)
- Pensacola, Fla.-based Gulf Winds Federal Credit Union (55,706 members, $557.9 million in assets)
- Redding, Calif.-based Member’s 1st Credit Union (15,042 members, $115.1 million in assets)
- Fort Wayne, Ind.-based Fire Police City County Federal Credit Union (10,499 members, $109.8 million in assets)
- Orlando, Fla.-based Martin Credit Union (12,552 members, $107 million in assets)
- El Cajon, Calif.-based East County Schools Federal Credit Union (4,436 members, $96 million in assets).
“CU Direct’s Lending 360 Loan Origination System provides dynamic decisioning capabilities and automated cross-sell opportunities that will help us meet our lending objectives as we move forward,” said Gayle Rust Gustafson, vice president, lending at Rivermark Credit Union. “Plus, everyone at CU Direct has been very responsive to our requests, and they are open to all suggestions we’ve made for enhancements. We are excited about our partnership with CU Direct and our conversion to the Lending 360 System.”
The Lending 360 System offers a powerful, and configurable, workflow engine that provides credit unions with a single lending platform that effectively supports loan application processing activity across all consumer lending channels.
For info: www.cudirect.com