Affinity Federal Credit Union expands partnership with TCI, implements DecisionLender 4
Credit union boosts auto indirect lending program with increased automation and quicker decisioning to close more loans, faster
ISLANDIA, NY (March 3, 2020) — Teledata Communications, Inc. (TCI), the provider of DecisionLender 4, a complete consumer loan origination platform, announced today that its long-time customer, Affinity Federal Credit Union (Affinity), is expanding its relationship by upgrading to TCI’s DL4 platform. Headquartered in Basking Ridge, N.J., the credit union has more than $3.4 billion in assets, 150,000 members and more than 20 branch locations throughout New Jersey, New York and Connecticut.
Prior to 2014, Affinity’s auto indirect lending program relied on manual, paper-based processes which created unfortunate bottlenecks when processing loans. The credit union partnered with TCI to address these challenges, and most recently, upgraded to DL4 for even more automation and configurability features. With DL4, the credit union can underwrite and fund loans in a truly integrated and efficient process.
“We have always valued our partnership with TCI,” said Nicole Stovall, consumer lending manager at Affinity Federal Credit Union. “TCI is extremely responsive anytime we have questions and their in-depth knowledge of the credit union industry and our unique operations ensures a smooth implementation. With the full integration of DecisionLender 4 we hope to fund deals quicker, increase our volume and streamline decisions to meet our customer demand.”
DecisionLender 4 gives Affinity the ability to determine workflow and decide the level of control and automation the credit union prefers. Additionally, Affinity can easily implement and update programs, rules and policies for each loan type – even deploying them the same day, allowing the credit union to quickly both serve its members and make decisions.
Bill Nass, president of TCI, said, “Affinity Federal Credit Union is transforming its processes through DecisionLender 4. Our configurable system gives them the power to eliminate manual processes and drive operational effectiveness/competencies. Additionally, after implementation the credit union can expect lowered costs, while closing transactions faster and more accurately. We are grateful Affinity decided to continue our partnership, as we both work to create an integrated and seamless lending experience.”
About Teledata Communications, Inc.
Founded in 1982, Teledata Communications, Inc (TCI) is the provider of DecisionLender 4, a consumer loan origination platform (LOS). DecisionLender 4 is completely configurable, hosted in the cloud, and supports branch, online lending, indirect auto and merchant lending, and deposit account opening. The robust decisioning engine is the most versatile on the market, enabling manual or automated workflows. With over 130+ different 3rd party integrations ranging from alternative data sources, to fraud protection, to esignature and more, DecisionLender 4 truly empowers you to do business YOUR WAY! www.tcicredit.com
About Affinity Federal Credit Union
With more than 20 branches across the tri-state area, Affinity is the largest credit union headquartered in the state of New Jersey, proudly ranking in the top 2% of all credit unions in terms of asset size1. It is a member-owned, not-for-profit, full-service financial institution federally insured by the National Credit Union Administration (NCUA). For more information, visit affinityfcu.com.