INDUSTRY

Credit Unions

Make informed lending decisions and manage risk effectively to enhance member experiences

Industry Overview

Credit unions are undergoing a transformative period marked by rapid technological disruption, shifting consumer expectations, and increasingly complex regulatory demands. To remain competitive, they must swiftly embrace digital innovation, leverage data for personalized services, and enhance operational efficiency, all while staying true to their member-first approach and deepening member engagement.

ValidiFI offers FCRA and Non-FCRA compliant solutions tailored for lending, payments, and open banking, empowering credit unions to enhance their processes with actionable insights.

How ValidiFI® delivers intelligence for Credit Unions

Validate Accounts
in Real-Time

Verify ACH capability, check balances, assess risk, and confirm account authority for more confident transactions

Confidently
Approve More Loans

Make more informed lending decisions, reduce FPD, and cost per funded to increase portfolio profitability

Optimize
Member Experience

Increase efficiency, security, and personalization for member-centric experiences

Enhance
Account Opening

Streamline account opening and onboarding, reducing friction and wait times for members

Access
Predictive Data

Adapt to shifting consumer behavior by evaluating bank account stability and payment performance

Detect and Prevent
Fraud

Protect and minimize disruptions to legitimate members, ensuring smoother operations

Predictive data for smarter decisions

Streamline account opening
Validate bank accounts in real-time
Ensure smooth payment experiences
Detect and mitigate fraud
Confidently approve loans
Protect operations and members from potential risks

Solutions for Credit Unions

vIndex™

Evaluate financial institutions for increased chance of risk before accepting or sending payments

vAccount™

Our vAccount suite offers scalable account validation for compliance, risk mitigation, and ownership verification

vCredit®

Predictive credit risk score and attributes, leveraging proprietary bank account and payment intelligence

vFraud®

Detect high-risk bank accounts, phone numbers, and emails to prevent fake accounts and fraudulent transactions

vConnect®

Access cash-flow underwriting and consumer-permissioned transactional data from users’ bank accounts

vInsights™

Categorization and cashflow underwriting report to enhance affordability and risk evaluation

Related resources

Press Release

ValidiFI Releases Quarterly Bank Account and Payment Intelligence Report

Press Release

Unlock Comprehensive Insights on Payment Performance and Bank Account Trends Beyond ACH Compliance ALPHARETTA, Georgia – ValidiFI, the leading provider of predictive bank account and payment...

Blog

Revolutionizing Credit Unions: How ValidiFI’s Risk Management Tools are Changing the Game

Blog

As we cautiously wade through 2023, credit risk remains a top concern for financial institutions, particularly credit unions. Credit unions are financial institutions that provide services such as...

Blog

Assessing Credit Risk: The Five-Step Risk Management Process

Blog

In the world of finance, prioritizing risk management is crucial. The evaluation of risk involves identifying potential hazards, how likely they are to happen, and how you can best prevent them. When...

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Credit Unions