NEW YORK - Dec. 10, 2024 - PRLog -- Scienaptic AI, a global leader in AI-powered credit underwriting, today announced that Wolverine State Credit Union, based in Michigan, has chosen its platform to enhance credit access for its member community. By adopting Scienaptic's AI-powered, regulatory-compliant technology, Wolverine State Credit Union aims to make faster, smarter credit decisions, streamline processes, and extend lending to underserved members.

Founded in 2017 through the merger of Besser Credit Union, originally established to serve employees of Besser Company, and Thunder Bay Area Credit Union, created for employees of Abitibi, Wolverine State Credit Union proudly serves Northeast Michigan. With over $150 million in assets and 10,000+ members, the credit union is dedicated to empowering financial success and helping members achieve their dreams. Guided by the motto "Interactional, not transactional," Wolverine offers innovative products and personalized services that go beyond traditional banking, making a meaningful impact in the communities it serves.

"At Wolverine, our focus has always been on improving the financial well-being of our members," said Nick Montie, CEO of Wolverine State Credit Union. "Partnering with Scienaptic marks a significant step forward for us. Their platform will allow us to expand access to credit by leveraging AI-driven insights, accelerating decision-making for faster turnarounds, and making personalized credit decisions for our members. Most importantly, it will enable us to better support underserved members through more inclusive lending. This isn't just a technology upgrade, it's a commitment to delivering on our mission of being a true financial partner to our community."

Eric Steinhoff, EVP, Client Impact, Scienaptic AI expressed, "Wolverine State Credit Union's dedication to its members is truly inspiring. Our platform will enable them to lend deeper, speed up decisioning for an improved member experience, improving operational efficiency while strengthening their portfolio through smarter credit risk management. We're proud to support Wolverine as they continue to empower their community and elevate financial inclusion in Michigan."

About Scienaptic AI

Founded in 2014, Scienaptic AI was built with a mission to drive financial inclusion at scale through AI-driven credit decisioning. The platform encapsulates a decade of technological innovations, integrating more data into decision-making processes, utilizing advanced machine learning algorithms, and supplementing them with rigorous risk and fair lending monitoring processes. This enables financial institutions to reach more borrowers, including underbanked and underserved individuals, and say "yes" more often without increasing risk.

In Sep 2024, its Credit Union Service Organization (CUSO) received strategic equity investments from six of its credit union clients. It underscores Scienaptic's unwavering commitment to the credit union community and its guiding principle of "people helping people."

Today, over 150 lenders rely on Scienaptic's platform to enhance the accuracy and efficiency of their underwriting decisions. Scienaptic-enabled lenders have processed over $80 billion in credit decisions and 400 million transactions, expanding credit access for millions of underserved individuals.

For more information, visit www.scienaptic.ai.