Washington, D.C., June 21, 2024 – LoanStar Technologies and CUCollaborate have partnered to assist credit unions in attaining and retaining their Low-Income Designation and CDFI Certification (CDFI). More specifically, LoanStar has integrated CUCollaborate’s Application Programming Interfaces (APIs) into their lending programs to identify consumers that support credit union’s goals in reaching underserved communities.
“Our collaboration with CUCollaborate marks a significant step forward in empowering credit unions to better serve their communities. By integrating their innovative APIs into our lending solutions, we’re enhancing the ability of credit unions to achieve their community impact goals, particularly in underserved areas,” said Eric Snyder, Chief Revenue Officer of LoanStar Technologies, adding, “This partnership embodies our commitment to providing lenders with the tools they need to make a meaningful difference.”
Sam Brownell, Founder and CEO of CUCollaborate, said, “Our partnership with LoanStar provides our clients, and credit unions across the country, with another way to execute on the people-helping-people mission,” noting that “It’s lending solutions like the programs LoanStar provides that can ensure credit union’s are able to achieve the their community impact goals through CDFI certification and Low-Income Designation.”
To learn more about how credit unions can benefit from this new partnership, contact Ben Hering, Director of Partnerships, at bhering@cucollaborate.com.
About CUCollaborate
CUCollaborate champions credit union growth through disruptive innovation. The company’s aim is to help credit unions adapt, grow, and succeed long term by offering the innovation, insight, and know-how to help them do it.
About LoanStar Technologies
Based in the greater Philadelphia area, LoanStar works with lenders of all sizes to design, deploy and power instant indirect consumer lending at the point-of-sale. LoanStar works with lenders to diversify their consumer loan origination strategies. Providing program consulting, market-leading software, and merchant aggregation, LoanStar helps lenders of every size leverage the power of their local brand. LoanStar has developed the MerchantLinQ platform that enables lenders of all sizes to deploy instant point-of-sale finance through their local merchants.
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