R-G Federal Credit Union Leverages Scienaptic's AI Platform to Enhance Credit Underwriting

NEW YORK - Sept. 4, 2024 - PRLog -- cienaptic AI, a leading global provider of AI-powered credit underwriting platforms, announced today that Missouri-based R-G Federal Credit Union has selected its platform to expand credit access for its member community. Scienaptic's regulatory-compliant AI platform will enable R-G Federal Credit Union to make sharper risk predictions, automate decisions, and offer more inclusive lending to its members.

Chartered in 1957, R-G Federal Credit Union was founded to serve the military and civilian personnel of Richards-Gebaur Air Force Base. Through the years, the Credit Union expanded its reach to include more military and civilian members and surrounding communities, broadening its service area. Today, R-G Federal Credit Union manages $134 million in assets and serves over 8,000 members across multiple counties in Missouri, including Jackson, Cass, Johnson, Bates, Vernon, Henry, St. Clair, Cedar, Hickory, Morgan, Benton, and parts of Pettis. With a mission of empowering every member's journey toward financial success through real and genuine service, R-G Federal Credit Union remains dedicated to serving its members and the communities it represents.

"Our mission has always been to empower our members on their financial journey with genuine, personalized service because we believe banking should be human, real, and authentic," said Steve Deere, President & CEO of R-G Federal Credit Union. "As we focus on future growth, it's essential that we maintain these core values. Partnering with Scienaptic AI allows us to do just that. Their AI platform will enhance our ability to make more accurate credit decisions, reduce approval times, and identify opportunities that might otherwise be overlooked by traditional underwriting practices. This means we can extend credit to more members, while also managing risk more effectively. By implementing this technology, we're not just adapting to change—we're leading it, ensuring our members have the support they need to thrive financially, both now and in the future."

Eric Steinhoff, EVP, Client Impact at Scienaptic AI expressed, "We are thrilled that R-G Federal Credit Union is embracing the power of our AI technology.  By leveraging our platform, R-G Federal will gain deeper insights into their members' financial behaviors, enabling them to offer more tailored and inclusive credit decisions. The platform will not only enhance their decision-making—it will empower them to better anticipate and meet the evolving needs of their members. We're excited to see how our technology will help R-G Federal Credit Union foster even stronger relationships with their members, driving growth and financial well-being for years to come."

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.

The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say "yes" more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.

Scienaptic-enabled lenders have processed more than 400 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai