PLANO, Texas — After piloting the solution with seven credit unions, Cornerstone Resources and the Cornerstone Foundation, both affiliates of the Cornerstone CU League, said they have entered into partnership with Credit Mountain, a fintech that offers what it said is a “groundbreaking technology “to provide consumers with personalized credit-improvement plans through a mobile app.
The partnership is the first for the Cornerstone Foundation with a fintech. Credit Mountain, which is a CUSO, is led by social entrepreneurs Nathan Pinto and Frank Santoni.
“The Credit Mountain service goes beyond monitoring,” said Cornerstone Resources Chief Revenue Officer Ryan Dold. “It equips users with the tools needed to improve their credit health. Credit unions can track members’ progress and make offers that help them achieve their financial goals.”
Available to All
According to Cornerstone Resources, the technology is now live and ready to partner will all credit unions nationally.
“This is Cornerstone Foundation’s first-ever fintech venture, which began with a successful joint pilot program and seven forward-thinking credit unions,” said Cornerstone Foundation Executive Director Courtney Moran. “The Foundation also led a grant-writing initiative to secure funding from CUNA Mutual Group Foundation, United Way of Metropolitan Dallas, and the William and Sylvia Zale Foundation, while also catching the attention of FINRA Foundation.”
Pilot Participants
Pilot participants included Resource One Credit Union, WEOKIE Federal Credit Union, Allegiance Credit Union, Mobiloil Federal Credit Union, Communication Federal Credit Union, Beacon Federal Credit Union, and Santa Fe Credit Union.
Earlier this year, Pinto and Santoni established Credit Mountain as a CUSO.