Systronics Chooses CU Direct’s Lending 360 Loan Origination System for Lending Platform
Ontario, CA | March 26, 2015
CU Direct (www.cudirect.com) the nation’s leading provider of lending, automotive and strategic solutions to the credit union industry, has announced a new partnership with Systronics, Inc.
As a result of the new partnership, Systronics, a recognized core processing system provider to the credit union industry, will be integrating CU Direct’s dynamic Lending 360 loan origination system (LOS) as the lending platform for their core system.
Systronics, Inc. will be reselling CU Direct’s Lending 360 loan origination platform to its more than 70 credit union clients. Lending 360 is unique in that it can be used by a company such as Systronics or a CUSO to serve an entire client base, while also remaining a best in class LOS for individual credit unions.
“We searched for a partner to help us provide an affordable LOS system to the smaller credit unions,” notes Dennis McLoud, CEO of Systronics. “In CU Direct we have found that partner. Integration with our core system will provide ease of use and efficiencies for our credit union customers while also opening the door for accessing the indirect lending market.”
“We are very excited to partner with Systronics to provide an LOS solution that will enhance their core processing capabilities,” said Paul Kirkbride, senior vice president of CU Solutions at CU Direct. “Working together, and using the full suite of Lending 360 features, we can help Systronics core processing customers improve the lending experience and gain a competitive edge.”
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 www.cudirect.com. Connect with CU Direct on Twitter and LinkedIn.