AI-powered lending increased instant approvals by 40%+ for direct vehicle loans, 40%+ for personal loans, and 25%+ for cards
Leading global AI-powered credit underwriting platform provider Scienaptic AI, announced that Michigan-based Alliance Catholic Credit Union has implemented its AI-based underwriting platform and is now live. This deployment is significantly streamlining the credit union’s underwriting process, leading to an increase in approval rates and a notable enhancement in the member experience. Importantly, all these advancements have been achieved while ensuring fairness, inclusivity, and compliance with regulatory standards, which are integral to Scienaptic’s AI platform.
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Founded in 2013, Alliance Catholic Credit Union (ACCU) has grown to serve over 32,000 members across Michigan. Upholding its core values, ACCU continuously expands its product and service offerings to meet the evolving needs of its members.
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“At Alliance Catholic Credit Union, our mission has always been to guide members toward financial security,” said Daniel C. Davidson II, EVP/COO of Alliance Catholic Credit Union. “With Scienaptic’s AI platform, we’re enhancing the speed, accuracy, and scalability of our lending. By analyzing vast data in real time, the platform enables more informed credit decisions while streamlining underwriting and reducing manual effort. This technology is strengthening our compliance, minimizing errors, and expanding financial access, allowing us to serve our community with greater agility and trust.”
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“We’re excited to see Alliance Catholic Credit Union go live with Scienaptic’s platform,” said Eric Steinhoff, EVP Client Impact at Scienaptic AI. “This deployment reflects our shared commitment to combining advanced technology with human-centered values. By automating workflows and delivering real-time insights, our platform is helping ACCU make faster, fairer, and more precise lending decisions, expanding credit access while upholding their core values of trust and community. We are extending our footprint across Michigan and look forward to many more success stories in the region.”
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Source: PR newswire
