Skyward Credit Union Takes Off with Scienaptic AI to Transform Credit Underwriting

NEW YORK - Jan. 27, 2025 - PRLog -- Scienaptic AI, a global leader in AI-powered credit underwriting, today announced that Skyward Credit Union, based in Wichita, Kansas, has chosen its platform to enhance credit access for its members. By adopting Scienaptic's AI-powered, regulatory-compliant technology, Skyward Credit Union aims to make faster, smarter credit decisions, streamline processes, and extend lending to underserved members.

Founded in 1941, Skyward Credit Union has long served the aviation community, including current and past employees of Textron Aviation, Cessna, Beech Aircraft, and their affiliates, along with their families. With strong ties to aviation, Skyward Credit Union has become a trusted financial partner for those navigating the industry's unique challenges. The credit union reinvests its income to benefit its members, offering community-focused financial solutions. Skyward's mission is to support members through both triumphs and challenges, embodying the credit union spirit where members are not just account holders, but part of a community striving for financial success.

"Our mission has always been to empower hard-working Americans to reach their financial goals with speed and personalized support," said Ashley Haner, VP of Lending at Skyward Credit Union. "Partnering with Scienaptic AI allows us to stay true to this commitment while embracing the future. Their platform will enable us to make more accurate credit decisions, reduce approval times, deliver highly personalized credit offers tailored to each member's unique needs, and identify opportunities that traditional underwriting might miss. This is more than adopting new technology, it's about ensuring our members have the support they need to achieve their financial goals and thrive."

"Our goal is to deliver cutting-edge underwriting technology to institutions that drive lending within their communities. That's why partnering with Skyward Credit Union is so exciting. It's an opportunity to strengthen credit access for its members," said Samantha Hubbard, VP of Business Development at Scienaptic. "With Scienaptic's adaptive AI technology, Skyward Credit Union will be able to approve more loans and mitigate risk, empowering the credit union to say 'yes' to more members while elevating their overall experience."

About Scienaptic AI

Founded in 2014, Scienaptic AI was built with a mission to drive financial inclusion at scale through AI-driven credit decisioning. The platform encapsulates a decade of technological innovations, integrating more data into decision-making processes, utilizing advanced machine learning algorithms, and supplementing them with rigorous risk and fair lending monitoring processes. This enables financial institutions to reach more borrowers, including underbanked and underserved individuals, and say "yes" more often without increasing risk.

In September 2024, its Credit Union Service Organization (CUSO) received strategic equity investments from nine of its credit union clients and a credit union league. It underscores Scienaptic's unwavering commitment to the credit union community and its guiding principle of "people helping people."

Today, over 150 lenders rely on Scienaptic's platform to enhance the accuracy and efficiency of their underwriting decisions. Scienaptic-enabled lenders have processed over $80 billion in credit decisions and 400 million transactions, expanding credit access for millions of underserved individuals.

For more information, visit www.scienaptic.ai.