CU Lending Cooperative

Your Growth Platform

A nationwide network of like-minded, tech-savvy credit unions.
Expands your loan portfolio.
Grows membership and deposits.
Based on the latest API-driven technology.
Entirely cloud based.
Instant onboarding to any core system.
Attracts millennials and other highly desirable demographics.
Loan default and fraud loss protection.
Full loan servicing and hot backup available.

24/7 Automated Funnel

We drive new members and loans directly to you.
24/7 automated underwriting.
24/7 automated loan origination technology, loan processing, and onboarding.
24/7 automated fully compliant new share account opening ("Memberization Module").
Secure loan origination via website or smart device.

Complete Program

Includes "lead-gen" marketing costs and administration.
Custom 5-star optimized user experience.
Fully compliant data security, privacy, reporting and transparency.
Parallel host backup loan servicing and collections (first party servicing all the way through charge-off).
Loan Guaranty Cash Reserve trust account (100% principal plus 90 days net yield interest).
Full claims processing and payment.

Immediate Benefits

Guaranteed loans.
More members.
No upfront implementation costs.
High net ROA.
Fully scalable technology.
Mobile optimized.
Great way to attract millennials!
Cash reserve rebates to credit unions based on loan cohort performance.

News & Events

Cracking the Millennial Code
By Mike Joplin, CEO, CU Lending Cooperative
How can we attract more millennials?
That’s a question most credit union CEOs are struggling with today. And if you spend more than a couple of minutes Googling, you’ll realize there are many, many answers to this question. They can’t all be right, can they?
What if I told you that’s not even the right question?
Imagine for a moment a master chef who decides to open a food truck. He spends his entire life’s savings on state-of-the-art equipment. He develops a magnificent menu. Then he parks his rolling five-star restaurant in front of his house and waits for customers to show up.
That seems to be the approach most credit unions take with millennials. They launch all the cool new products and services that millennials allegedly want. Then they wonder why their websites aren’t blowing up with activity.
In the meantime, GAFA (Google, Amazon, Facebook and Apple) and their disciples have figured out that millennials expect to be engaged on their terms. How else can you explain the proliferation of Apple Stores in upscale malls across the country? More to the point, how else can you explain the crowds of people who fill those Apple Stores on a daily basis. Read more.

Partnerships