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Northern Hills Federal Credit Union goes live with Scienaptic’s AI-powered credit decisioning platform

By Edlyn Cardoza

December 14, 2021

  • Credit Decisions
  • Credit Management
  • Credit Unions

Scienaptic AI, Northern Hills Federal Credit Union, Credit Decisions, USA, Scienaptic AI, the world’s leading AI-powered credit decision platform provider, announced that Northern Hills Federal Credit Union has completed deployment and is now live on its platform. This deployment is enabling Northern Hills FCU to use AI to make sharper credit decisions and assist members with more credit.

Northern Hills FCU is a member-owned financial institution, serving members for 70 years. Northern Hills FCU has one simple philosophy – people helping people to improve the financial state of each of its members. Through Scienaptic’s AI-enabled credit underwriting platform, credit access for Northern Hills FCU members will be further enhanced. Using Northern Hills’ historical loan data, and incorporating other member data through alternative data sources, the AI platform is providing quicker, smarter decisions.

“We are very excited to be live on Scienaptic’s AI-powered credit decisioning platform,” said Floyd Rummel, Chief Executive Officer at Northern Hills Federal Credit Union. “In today’s digital world, members do not wish to fill out applications and wait a day or two to find out whether they’ve been approved or not. Going live with Scienaptic’s AI gives us the ability to provide instant and better credit decisions for every single member we serve. It is empowering our member-owners with more credit, enhancing their lives, and reinforcing our commitment towards the financial well-being of all members.”

Pankaj Jain, President of Scienaptic, said, “Northern Hills Federal Credit Union is a role model for AI adoption in credit unions. We are pleased to be a partner in their innovation journey to increase credit approvals for their members.”

Recently, IBS Intelligence reported that Scienaptic recently announced a collaboration with the Dakota Credit Union Association (DakCU) enabling the company to offer its AI-based credit underwriting technology to credit unions throughout North and South Dakota. Scienaptic’s current Dakota clients include Northern Hills Federal Credit Union and Levo Credit Union.

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