
Union Credit Celebrates First-Year Success, Welcoming Over 20,000 New Members
Union Credit, the exclusive marketplace enabling credit unions to deliver firm, pre-approved, one-click credit offers at the point of purchase, marks a milestone in its first year of operation.
Growth and Impact
The platform has integrated over 50 credit unions, bringing more than 20,000 new members into the credit union movement—60% of whom are under the age of 40. Union Credit has facilitated over $106 million in personal loans, with 35% of new members opening checking accounts.
By embedding pre-approved credit offers into digital platforms like Experian, Way.com, and LendingTree, Union Credit connects participating credit unions with younger, credit-qualified consumers where they already engage online.
Credit Union Success Stories
Municipal Credit Union (MCU): MCU experienced notable growth and automation benefits, converting over 90% of leads into borrowers. This achievement earned MCU a spot on Fintech Futures’ Banking Tech Award shortlist.
Michael Savino, MCU’s Chief Lending Officer, shared, “Union Credit helps us thrive in a competitive market by making our products accessible through platforms consumers trust. It’s a vital member acquisition tool.”
Capital Credit Union: With Union Credit, Capital Credit Union expanded its reach, offering quick access to loans and deposits.
Steve Zich, CMO at Capital Credit Union, stated, “Partnering with Union Credit lets us connect with consumers in new ways, promoting financial well-being and enabling us to compete with larger institutions.”
New Innovations: Further
Union Credit recently launched Further, an embedded lending toolset for local merchants and retailers. This tool allows businesses to offer instant loan approvals from local lenders at the point of sale, fostering community-based spending and unlocking new revenue streams.
Industry Recognition
Union Credit’s groundbreaking efforts have garnered accolades, including:
- Finopotamus Tekkie Award for Member Growth
- Finovate Award for Top Emerging Fintech Company
- 2024 LendTech of the Year at the Fintech US Awards
- Finalist for Fintech Futures’ Banking Tech USA Awards
- #1 on American Banker’s 2024 Best Places to Work in Fintech list
Leadership Vision
Dave Buerger, Co-founder and CEO, emphasized the mission of making credit unions’ superior products accessible. “We’re proud of our achievements and excited to continue empowering credit unions and their communities through innovative solutions like Further.”
About Union Credit
Union Credit connects consumers with one-click credit offers integrated into their daily activities. By bringing credit unions into digital purchase and financing experiences, Union Credit enhances access to competitive financial solutions, benefiting consumers and communities alike.
Learn more by visiting Union Credit or following on LinkedIn.