News & Events

Email Print

Credit unions to offer customers advanced digital lending anytime, anywhere

Kindred Credit Union selects Borrow Anywhere™ lending solution

VANCOUVER, B.C. – Kindred Credit Union has selected Central 1’s Borrow Anywhere™, a comprehensive end-to-end lending solution that supports loan applications across digital, in-branch and mobile channels. Borrow Anywhere allows credit unions to deliver innovative lending products, exceptional user experience and operational efficiencies.

Kindred Credit Union serves members in Ontario through digital channels and eight full-service branches. Upon completion of Borrow Anywhere roll-out, Kindred members will be able to apply for loans anytime, anywhere – on their desktop or mobile devices, or in-branch, featuring real-time decision making and automated verification.

“Kindred is excited to be working with Central 1 as we prepare to offer our members and potential members more digital options to access our services,” says Nolan Andres, Chief, Technology & Innovation at Kindred Credit Union. “Serving our members through online channels or in a branch means we will be able to bring them the services they need when and where they need them.”

Fully integrated with major core banking systems and leading service providers such as eSignLive by VASCO, TransUnion® and PPSA Canada, and with support for all types of personal loans including mortgages, Borrow Anywhere automates and streamlines data entry, credit bureau checks, signature gathering and technology maintenance.

“Borrow Anywhere brings member-centric experience and operational efficiencies to credit union lending,” says Guy Kutany, Product Director at Central 1. “We’ve worked to integrate many premier service providers into the platform, and have negotiated preferred pricing, making it easier for credit unions to deliver the latest and greatest in lending technology to both staff and members.”

Developed by Central 1’s Fintech experts in the Digital & Payments group, Borrow Anywhere and Open Anywhere™ are part of the Origination Solutions suite – products that enable credit unions to offer a seamless account opening and lending experience across channels. Origination Solutions are powered by an integrated omni-channel platform, offering such advanced features as electronic signatures for paperless processes, automated decisioning, document repository, and compliance with the latest regulatory changes.

About Central 1

With offices in Vancouver, Mississauga and Toronto, Central 1 holds on balance sheet approximately $17.7 billion in assets. We provide wholesale financial products, trust services, payment processing solutions and digital banking services to approximately 300 credit unions and institutional clients from coast to coast.

In addition, Central 1 is the primary liquidity manager, payments provider and trade association for our 42 member credit unions in B.C. and 70 Ontario member credit unions. Our members represent a consumer-oriented, full-service retail financial system that collectively serves 3.3 million members and holds more than $121.6 billion in assets. For more information, visit central1.com.

Contact

Heather Merry
Member & External Communications Manager
Central 1 Credit Union
T 604.734.2511 or 1.800.661.6813 ext. 5907
E communications@central1.com