Heritage Valley Federal Credit Union Takes a Leap into the Future with Scienaptic's AI-Powered Credit Decisioning Platform
Apr 10, 2023
Leading global AI-powered credit decision platform provider, Scienaptic AI, announced today that Heritage Valley Federal Credit Union has chosen to implement its AI-powered credit decisioning platform. The credit union aims to enhance and automate its credit decisioning by utilizing Scienaptic's fair, inclusive, and regulatory-compliant AI platform.
Established in 1935 in York, Pennsylvania, Heritage Valley Federal Credit Union (HVFCU) since grown to $112 M in assets serving over 13,000 members across south central Pensylvannia. For decades the credit union has been serving the local community by providing low-cost banking services, competitive loan products, and financial education to our members. HVFCU offers a variety of services, including checking and savings accounts, loans, mortgages, and credit cards. The credit union also places a strong emphasis on financial education and offers resources and tools to help members manage their money and make informed financial decisions.
“Our partnership with Scienaptic is a natural fit, as we share these same values and a commitment to delivering exceptional service to our members,” said Jeremey Sterner, VP of IT at Heritage Valley FCU. “With Scienaptic's innovative platform, we're excited to enhance our credit processes, streamline approvals, and provide greater efficiency and care to our members. By embracing the AI revolution, we're taking bold steps toward a future that's more seamless, more responsive, and more member-centric than ever before.”
"We're thrilled and honored to partner with Heritage Valley Federal Credit Union as they embark on their journey to transform their loan decision process and enhance their members' experience. It is a testament to our firm belief that credit unions of all sizes can benefit from the accessibility and effectiveness of our platform." said Pankaj Jain, Cofounder and President of Scienaptic AI. "We're confident that this partnership will bring new levels of efficiency, accuracy, and member satisfaction to Heritage Valley FCU, and we look forward to the benefits it will bring to their members and their community.
About Scienaptic AI
Scienaptic AI’s mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Credit unions, auto lenders, banks, and fintechs, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.
The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say “yes” more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.
Scienaptic-enabled lenders have processed more than 300 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai