Case Study: Advantage One Credit Union boosts loan automation and approvals with Scienaptic AI

Elevating Growth, Automation, and Member Experience with AI

Advantage One Credit Union, a $231 million asset institution, sought to automate its manual underwriting processes and reduce its reliance on legacy credit scores, which were insufficient for assessing thin-file applicants. To tackle this challenge, the credit union partnered with vendor Scienaptic AI and implemented its AI-powered credit decisioning platform.

Scienaptic's solution leveraged alternative data and explainable AI models to automate lending workflows and integrate seamlessly with the credit union's existing system. The results were significant, including an immediate 50% automation rate, a 34% increase in loan approvals, and a 24% reduction in losses. This ultimately led to a $3.8 million increase in net interest income and a substantial 6200% ROI for Advantage One Credit Union using Scienaptic's platform.

Advantage One Credit Union

Nicholas Schmitter

Chief Lending Officer