Credit Unions Look to CU Direct’s Lending 360 System to Streamline Loan Origination

Eight Credit Unions Select CUSO’s Lending 360 Loan Origination Platform to Simplify Loan Application Processes

Ontario, CA | September 11, 2014

CU Direct (, the nation’s leading provider of lending, automotive and strategic solutions to the credit union industry, has announced new partnership agreements with eight credit unions.

As a result of the new agreements, the credit unions will be implementing CU Direct’s Lending 360 Loan Origination System (LOS) to significantly improve the processes associated with originating, underwriting, and funding consumer loan applications.

Credit unions that will be employing the Lending 360 System include: Pleasanton, California-based Patelco Credit Union (281,284 members, $4.1 billion in assets); Chatsworth, California-based Premier America Credit Union (70,863 members, $1.58 billion in assets); Los Angeles, California-based USC Credit Union (62,583 members, $397 million in assets); Lihue, Hawaii’s Kauai Community Federal Credit Union (32,033 members, $368.8 million in assets); Yuma, Arizona’s AEA Federal Credit Union (39,080 members, $233.8 million in assets); Omaha, Nebraska-based Mutual First Federal Credit Union (12,294 members, $109.7 million in assets); Upland, California’s Chaffey Federal Credit Union (11,805 members, $104 million in assets); and Downey, California-based Rancho Federal Credit Union (11,244 members, $84.7 million in assets).

“Lending 360-origination software has enabled our sales people to increase the speed of the application process, which allows for deeper relationship building and higher cross-sell potential on other product lines,” said Nick Helm, underwriting and collections Manager at Mutual 1st FCU. “CU Direct is a great resource and partner for Mutual 1st Federal Credit Union; they have provided the technology to help us compete with national and local financial institutions in the marketplace.”

Lending 360 offers a powerful and configurable workflow engine that will provide the credit unions with a single lending platform designed to support loan application processing activity across all consumer lending channels, and is fully backed by CU Direct’s unparalleled implementation and support groups.

“Efficient lending is about simplifying the user experience. The Lending 360 Loan Origination System is user-friendly and highly intuitive,” said Paul Kirkbride, senior vice president of CU Solutions at CU Direct. “Implementing this system will help our partner credit unions gain a competitive edge immediately by leveraging our platform’s capabilities, providing an ideal opportunity to grow market share.”

About CU Direct

For more than twenty years, CU Direct has been a lending technology leader, helping credit unions fund $211 billion in loans. More than 1,100 credit unions rely on CU Direct’s solutions to generate loans, create efficiencies, and grow membership. From CUDL, the industry’s number one auto lending platform, to the industry’s revolutionary Lending 360 Loan Origination System, and Lending Insights dynamic analytic tools, CU Direct develops the technology that helps credit unions advance their lending programs and overall portfolio success. 14,000 auto dealers nationwide use CU Direct’s automotive solutions to connect with credit unions and their members to drive sales and increase their bottom lines. For more information, visit Connect with CU Direct on Twitter and LinkedIn.