top of page

Community 1st Credit Union Goes Live With Scienaptic’s AI-Powered Credit Decisioning Platform

155.jpg
GUIDE
Incorporating AI into Strategic Roadmaps Of Credit Unions

Source:

NEW YORK

Jul 26, 2022

Leading AI-powered credit decisioning platform, Scienaptic today announced the deployment of its platform at Community 1st Credit Union. This deployment enables Community 1st to use AI to make faster, sharper credit decisions and assist borrowers with their lending needs in real time.


Founded in 1925, Community 1st was the first credit union in Washington State and is now one of the longest-running credit unions in the US. Originally serving US Postal Service employees, Community 1st has expanded and grown into a national solar energy lender under its well-known brand, ezSolarLoan.  Scienaptic’s AI-powered platform will help Community 1st to deliver easy, fair and transparent solar energy financing to consumers nationwide.


“We chose Scienaptic as the decisioning engine for our mission-critical solar energy loans,” said Bill Paulen, CEO of Community 1st Credit Union. “This deployment helps us to make informed credit decisions quicker and improves our borrower experience with a faster time to funding. Going live with Scienaptic AI helps us to provide personalized and fast credit decisions for every borrower, and to accelerate our growth of ezSolarLoan and climate-conscious banking.”


“We are excited that Community 1st Credit Union is now live, and our platform is enabling them to support the financing needs of their members,” said Pankaj Jain, President of Scienaptic. “Our AI-powered credit decisioning platform is helping Community 1st increase credit availability for their current and potential members and offer a better experience to support their financial endeavors.”


About Scienaptic AI

Scienaptic AI’s mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Whether credit union, auto lender, bank, or fintech, Scienaptic's AI native credit decisioning platform enables lenders to constantly improve the quality and speed of their underwriting decisions, helping them reach a greater number of borrowers, including underbanked and underserved individuals, and say “yes” more often, without increasing risk while addressing all Regulatory aspects especially Fair lending and explainable adverse actions.


The company’s AI platform is used by lenders of all sizes, integrating seamlessly with their existing systems. Scienaptic-enabled lenders have processed more than 190 million transactions worth $36 billion in credit decisions, benefitting millions of borrowers, and helping them get access to the credit they need. For more information, visit http://www.scienaptic.ai.

Media Contacts

Chandan Pal

Chief Marketing Officer

Scienaptic AI

chandan@scienaptic.com

More News
bottom of page