NEW YORK - eTradeWire -- Leading global AI-powered automated credit underwriting platform provider, Scienaptic AI, announced today that PFCU Credit Union has chosen to implement its AI-powered credit decisioning platform. The credit union aims to streamline its credit underwriting process by utilizing Scienaptic's fair, inclusive, and regulatory-compliant AI platform.

Initiated by the employees of the Holley Carburetor plant in Portland, Michigan in 1947, PFCU's humble beginning started when its employees pooled their resources and applied as a credit union. Today, PFCU stands as a full-service financial institution, offering a comprehensive range of financial services to meet the diverse needs of its members. With assets exceeding $800 million and a membership base surpassing 55,000, PFCU has expanded its footprint to encompass 13 locations across mid-Michigan, extending its reach from as far East as Flint to as far West as Caledonia.

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"Our dedication to service, personal commitment, trust, honesty, and integrity has been the heartbeat of our credit union since its inception," said LeAnne M. Hixson, Chief Lending Officer at PFCU Credit Union. "In our continuous pursuit of excellence, we are excited to announce our partnership with Scienaptic and the adoption of their AI-powered credit underwriting platform. Scienaptic's platform will automate and streamline our decisioning, increase credit approvals and give our underwriters a powerful tool to increase efficiency and focus on complex loan applications. The platform will also empower us to make personalized credit decisions that resonate with our members' needs and circumstances. With Scienaptic, we are not just embracing innovation; we are amplifying our capacity to serve our members in the best possible way."

Pankaj Jain, President of Scienaptic AI, said, "We are thrilled to welcome PFCU Credit Union to our league of forward-thinking credit unions. Our platform will help the CU boost loan approvals and enhance underwriting efficiency while reducing the risk. Helping community members achieve their dreams and financial standing gives the Scienaptic team extreme satisfaction and joy. The growing community of credit unions, including the esteemed PFCU Credit Union, embracing AI underscores the profound impact our platform is set to achieve in the coming years."

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About Scienaptic AI

Scienaptic AI's mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Credit unions, auto lenders, banks, and fintechs, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.

The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say "yes" more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.

Scienaptic-enabled lenders have processed more than 300 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai