Case Study: SchoolsFirst Federal Credit Union reduces overhead and automates loan participation reporting with LoanStreet

SchoolsFirst Federal Credit Union automates loan participation reporting and streamlines workflows with LoanStreet

SchoolsFirst Federal Credit Union faced a significant challenge after substantially increasing its commercial and consumer loan participation purchases beginning in 2020. The expansion stretched the resources of its accounting, credit risk, and reporting teams, as managing multiple reports from various sellers created complex and burdensome workflows. To address this, they turned to vendor LoanStreet for its participations reporting service.

LoanStreet leveraged its experience to streamline all of SchoolsFirst’s reporting workflows, automating the investor reporting for its entire loan participation portfolio. The solution unlocked powerful insights into the program's performance and resulted in major time and cost savings for the credit union, which they described as a total game-changer.

SchoolsFirst Federal Credit Union