NEW YORK - July 10, 2023 - PRLog -- Leading global AI-powered credit decision platform provider, Scienaptic AI, announced today that Great NorthWest Federal Credit Union has chosen to implement its AI-powered credit decisioning platform. The credit union aims to enhance and automate its credit decisioning by utilizing Scienaptic's fair, inclusive, and regulatory-compliant AI platform. As part of this deployment, Scienaptic will leverage its existing integration with MeridianLink (Consumer) to enable seamless AI-enabled decisions with greater speed and accuracy.

Originally founded as Schafer Mill Employees Credit Union in April 1953, Great NorthWest Federal Credit Union has experienced transformative growth, resulting in an asset size exceeding $240 million and a membership base of close to 18,000 individuals. Headquartered in Aberdeen, Washington, the credit union proudly serves a wide range of members residing in Grays Harbor, Pacific, Mason, Lewis, Wahkiakum, Clallam, Jefferson, and Thurston Counties. Committed to its mission, the credit union strives to empower its diverse family of members in achieving their unique financial aspirations and turning their dreams into reality.

"Our primary focus at Great NorthWest has always been to fulfill the financial dreams of our members. With our rich history of supporting members and fostering financial well-being, we are constantly seeking ways to enhance our services and adapt to the evolving needs of our community," said Doug Page, CEO of Great NorthWest Federal Credit Union. "That is why we are thrilled to deploy Scienaptic platform and leverage their AI-powered credit underwriting technology to lend deeper with more confidence while increasing automation and streamlining our processes. With the platform, we will have the capacity to take into account the unique story of each of our members when making credit decisions and help them on the path to success."

Pankaj Jain, co-founder and President of Scienaptic AI, enthusiastically expressed, "At Scienaptic, people are at the heart of our purpose and inspiration. Their remarkable achievements serve as the driving force behind our own journey. We are thrilled that Great NorthWest Federal Credit Union has entrusted us with the opportunity to financially empower the member community in Washington. Our cutting-edge platform will streamline the credit union's loan decisioning process, leading to greater approval rates, reduced risk, and improved efficiency. We look forward to transforming the credit experience and expanding credit access for the vibrant Washington community."

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.

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

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