Credit Union Automation

Smarter, Faster, and More Efficient: The Future of Credit Union Automation

Transforming Credit Unions with Seamless Automation

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World class fintechs and banks drive better CX with Alltius

Up to
60%
aster Loan Approvals
Up to
40%
Reduced Operational Costs
Up to
35%
Improved Member Satisfaction
“One of the best of its kind we've seen. Earlier, it took 6-7 months to get new reps to medium level in training. Alltius could cut that time by 50%.”
Nick Howard
CTO

Alltius' platform has been extremely promising. As a FinTech with high bar on partner security, they meet our info-sec standards.

Jyotiswarup R
CTO
“One of the best of its kind we've seen. Earlier, it took 6-7 months to get new reps to medium level in training. Alltius could cut that time by 50%.”
Nick Howard
CTO

Alltius' platform has been extremely promising. As a FinTech with high bar on partner security, they meet our info-sec standards.

Jyotiswarup R
CTO

Why use Credit union automation platform?

Credit unions are striving to meet the rising expectations of their members while improving operational performance. Manual processes create bottlenecks that hinder growth. Automation can transform loan approvals, member onboarding, and fraud prevention, providing quicker service and reducing costs. This shift helps credit unions remain competitive, improve service delivery, and increase member satisfaction.

Challenges in Credit Union Lending

  • Manual loan processing increases turnaround time, delaying approvals by an average of 7-10 days.
  • Inconsistent underwriting decisions result in a 15% higher default rate compared to automated evaluations.
  • Compliance risks due to manual documentation handling lead to regulatory fines exceeding $1 million annually.
  • Customer dissatisfaction with slow application processing leads to a 20% churn rate.

ow Automation Resolves These Challenges

  • Automated loan processing reduces approval time from 7-10 days to under 24 hours.
  • Standardized underwriting improves accuracy, lowering default rates by up to 30%.
  • Automated compliance checks ensure 99% accuracy in documentation, minimizing regulatory penalties.
  • Enhanced customer experience leads to a 25% increase in member retention.
  • Data Ingestion: Automatically extracts borrower information from applications, bank statements, and credit reports.
  • Automated Underwriting: Uses predefined decisioning criteria to assess risk and approve loans instantly.
  • Fraud Detection: Identifies anomalies in applications to mitigate risk and reduce fraudulent claims.
  • Compliance Automation: Ensures every step of the lending process aligns with regulatory standards.
  • Seamless Integration: Connects with core banking systems for a smooth end-to-end workflow.
Reduce approval times from days to minutes.
Automate documentation checks for error-free processing.
Deliver seamless and efficient lending services.
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Why choose Alltius?

Domain Knowledge
No Engineering Lift
It Works, Everytime!

Excellence in every channel

Build once & deploy AI across all your company channels - instantly.

Resolve issues on autopilot

Solve complex queries by taking actions on systems autonomously.

Agent assistance on point

Supercharge your team with AI agents that do heavy lifting for them.

Deliver ROI at speed of light

Turn all your customer interactions into growth opportunities - at scale without increasing your headcount.

‍

"Alltius’ work has been very promising! Within months they have deflected a substantial portion of our incoming tickets.

We see them as our extended team."

Jyotiswarup R, CTO, AngelOne

Tailored info-sec SLA plans

Ensure the highest degree of compliance & security requirements for your AI systems.

Privacy first data
control

PII protection, masking, VPN storage, AES encryption & more ensures no data leakage from any agent.  
Better Credit union automation is just one call away!

Make AI your competitive edge. Use the future of CX that is ready today!

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What is credit automation?

Credit automation refers to the use of technology to streamline credit processing, underwriting, risk assessment, and fraud detection, reducing manual intervention and operational costs.

How can credit unions use automation?

Credit unions can automate loan approvals, member onboarding, document verification, fraud detection, and compliance monitoring to improve efficiency and accuracy.

What is a credit union system?

A credit union system is a technology-driven framework that manages member accounts, transactions, loan processing, and compliance requirements.

What is automation in banking?

Automation in banking involves the use of software to handle routine tasks such as credit assessment, transaction monitoring, and regulatory compliance, allowing financial institutions to operate more efficiently.

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