LANSING, Mich. — The Michigan Credit Union League (MCUL) said it has entered into a partnership with WithClutch, a fintech platform that is designed to help consumers to refinance high-interest consumer loans through an easy and digital process.
With the partnership, the league said it will work to bring WithClutch to more credit unions as it helps them to “better serve their members by leveraging lower rates via a user-friendly experience.”
The MCUL added that software solution allows credit unions to identify high-interest loans that members hold outside the credit union and offer alternative loans reducing members’ interest rates and monthly payments.
“MCUL’s partnership with WithClutch is built on the shared belief that consumers should have access to responsible lending options that foster financial health,” said Renee Werth, EVP of league services and MCULSC. “WithClutch will help Michigan credit unions’ goal of saving members money and, in turn, helping those members make decisions that put them on the road to financial growth.”
Automated Process
The league said the automated process requires just moments of a consumer’s time and reduces the burden on loan officers at the same time it increases walletshare.
WithClutch is among the companies in which TruStage’s investment arm, TruStage Ventures, has made an investment.
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