LOUISVILLE, Ky.—The $316-million Class Act Federal Credit Union here has gone live with Scienaptic AI’s AI-powered credit decision platform.
This deployment, the CU stated, is allowing it to streamline and automate its credit underwriting process, increase approvals and enhance member experience.
Class Act Federal Credit Union, originally chartered in 1954 to serve Jefferson County Public Schools teachers, now serves all public-school employees in the Metro Louisville area, as well as employees from a sizable number of private schools. In 1994, Class Act’s field of membership expanded to include the University of Louisville.
"We are proud to be offering an industry leading underwriting technology to fulfill the personal financial needs of our local educational community,” said Stephen Green, vice president of lending at Class Act Federal Credit Union. “The deployment of Scienaptic's AI-powered credit decision platform, is enabling us to provide more personalized offerings to educators, broaden our member reach and enhance our member experience.”
‘Going to Help Thousands’
Added Pankaj Jain, president of Scienaptic AI, “We are thrilled to announce that ClassAct Federal Credit Union is now live on our platform. The impact our platform is making on ClassAct’s credit decisioning abilities is going to help thousands of members in the community in several ways including higher approval rates, minimized risk, reduction in wait time for loan processing and serving the underserved educators.”