ONTARIO, Calif.—CU Direct, the nation’s leading provider of lending, automotive and strategic solutions to CUs, has announced nine new partnerships in which credit unions will be implementing CU Direct’s Lending 360 Loan Origination System (LOS) to improve the processes associated with originating, underwriting, and funding consumer loan applications.
Credit unions that are utilizing the Lending 360 System include: West Jordan, Utah-based Mountain America Credit Union (488,232 members, $4 billion in assets); Rahway, New Jersey-based Merck Employees FCU (26,631 members, $1.86 billion in assets); Santa Ana, Calif.-based Orange County’s Credit Union (89,869 members, $1.16 billion in assets); South Ogden, Utah’s Goldenwest FCU (98,283 members, $1.04 billion in assets); Las Vegas, Nevada’s Clark County Credit Union (36,361 members, $525.2 million in assets); Kansas City, Missouri-based Mazuma Credit Union (55,448 members, $493 million in assets); Salt Lake City, Utah’s Granite FCU (31,230 members, $345 million in assets); San Jose, California’s PremierOne Credit Union (25,162 members, $342.8 million in assets); and Stockton, California-based Central State Credit Union (20,498 members, $148.3 million in assets).
“We researched many different LOS options, looking for a solution that supported our vision of being a lending organization and making it easy for our members to do business with us,” said Dan Engelhard, chief lending officer at Mazuma Credit Union. “CU Direct’s Lending 360 LOS proved to be highly functional and provides dynamic decisioning capabilities and automated cross sell opportunities that will support our lending direction. We are excited about our lending future and the partnership to implement Lending 360; this will be a huge enabler to get us closer to our vision of being a lending institution.”
CU Direct said 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.