Case Study: Arkansas Federal Credit Union achieves higher approvals and automation with Scienaptic AI

A Credit Union's Journey to Higher Approvals and Automation

Arkansas Federal Credit Union partnered with Scienaptic AI to enhance its lending process. The credit union sought to increase loan approval rates while maintaining its risk standards and moving toward a more automated underwriting system.

By implementing Scienaptic's explainable AI underwriting platform, which leveraged FCRA-compliant alternative data, the credit union achieved these goals. The solution from Scienaptic AI resulted in an immediate 50% automation rate, a 27% increase in approval rates, and an estimated $8 million increase in net interest income, delivering an 8100% return on investment.

Arkansas Federal Credit Union

Dustin Cole

Senior Vice President