CU*Answers rolls out member-initiated lending tools through self-serve CD-secured loans

Credit unions on the network now have the ability to cut the middleman out of the lending process. Who is the middleman you might ask? It’s the application and underwriting process.

Imagine credit union members being able to open a new loan with the click of a button. That is what CU*Answers has launched with the 100% member-initiated CD Secured Loans product through It’s Me 247 online and mobile banking.

With CD-secured loans, when the CD falls within certain credit union parameters, the member logs in to It’s Me 247, chooses an amount and payment plan, and with a click, the loan account is automatically opened, and the funds automatically disbursed into the member’s savings or checking account.