Clearwater Credit Union Partners with Cotribute to Streamline Digital Account Onboarding Experience, Automated Loan Origination Process
Credit union selects modular digital platform to provide frictionless account opening experience, grow deposits, expand membership, collapse lead-times and fund more loans, faster
Cotribute, an award-winning embeddable fintech platform helping credit unions grow deposits, loans and memberships, today announced it has partnered with Clearwater Credit Union (Clearwater) to enhance the credit unions’ deposit onboarding experience, accelerate growth, enhance the overall member experience, and reduce operational costs through automation. Clearwater, headquartered in Missoula, Mont., is the largest community development financial institution (CDFI) and second-largest credit union in Montana, with more than $1 billion in assets and more than 60,000 members.
“Clearwater is committed to providing a comprehensive range of financial products to meet the needs of our members,” said Meagan Kraft, SVP of Operations, Clearwater Credit Union. “Cotribute has garnered significant recognition for its seamless integrations and ease of implementation and we’re looking forward to having them migrate our processes to a fully digital environment in a matter of weeks, which is unfounded in this industry. Cotribute’s platform will enable us to provide a highly intuitive digital account opening process and loan origination process. Our members will now enjoy a more modern experience enabling us to compete with larger financial institutions in our community.”