Press
Systronics chooses CU Direct’s lending 360 loan origination system for lending platform
ONTARIO, CA (March 26, 2015) — CU Direct (www.cudirect.com) the nation’s leading provider of lending, automotive and strategic solutions to the credit union industry, has announced a new partnership with Systronics, Inc.
As a result of the new partnership, Systronics, a recognized core processing system provider to the credit union industry, will be integrating CU Direct’s dynamic Lending 360 loan origination system (LOS) as the lending platform for their core system.
Systronics, Inc. will be reselling CU Direct’s Lending 360 loan origination platform to its more than 70 credit union clients. Lending 360 is unique in that it can be used by a company such as Systronics or a CUSO to serve an entire client base, while also remaining a best in class LOS for individual credit unions.
“We searched for a partner to help us provide an affordable LOS system to the smaller credit unions,” notes Dennis McLoud, CEO of Systronics. “In CU Direct we have found that partner. Integration with our core system will provide ease of use and efficiencies for our credit union customers while also opening the door for accessing the indirect lending market.”
“We are very excited to partner with Systronics to provide an LOS solution that will enhance their core processing capabilities,” said Paul Kirkbride, senior vice president of CU Solutions at CU Direct. “Working together, and using the full suite of Lending 360 features, we can help Systronics core processing customers improve the lending experience and gain a competitive edge.”
About CU Direct
Established in 1994, CU Direct has helped the credit union industry fund over $160 billion loans by being the nation’s leading lending and automotive solutions provider for credit unions. Representing more than 1,100 credit unions, CU Direct specializes in solutions that help credit unions generate loans, create efficiencies, and grow membership. CU Direct offers a diverse, extensive library of products and services designed to help credit unions advance their lending programs and achieve overall portfolio success. For more information on CU Direct and our solutions visit www.cudirect.com.