AKUVO Aperture Lands at Two More Credit Unions: OnPath FCU and Trius FCU
Malvern, PA – AKUVO, a technology-based organization specializing in credit risk and delinquency management, announced today that two new credit unions have signed on to its Aperture platform. They are $498M OnPath Federal Credit Union headquartered in Harahan, La., and $98M Trius Federal Credit Union based in Kearney, Neb.
AKUVO had previously signed five new credit union clients, all with more than $1 billion in assets. These new mid-sized credit unions demonstrate the Aperture platform’s ability to scale performance and accessibility for all asset sizes. Now with seven clients signed so far in 2022, AKUVO is poised for strong, ongoing growth this year.
Serving Southwest Louisiana, OnPath FCU was looking for a collections platform that could support its mission of investing in personal relationships through a service-first approach. The OnPath FCU team was immediately drawn to the system’s clean design which enables collectors to get a quick, but complete, view of the account and relationship prior to initiating contact. Additionally, the open API platform’s ability to integrate with other systems increases collector efficiency, enhances the member’s experience, and increases the likelihood of a promise or payment.
“We are highly impressed with the team at AKUVO. Their passion for finding innovative ways to leverage data science to help credit unions achieve goals is very exciting and contagious,” said Candace Washington, Vice President of Member Engagement at OnPath FCU. “We’re excited about how we can use Aperture technology to provide individualized delinquency solutions to our members that benefit everyone.”
As part of its growth strategy, Trius FCU was looking for a collection platform that could improve efficiency and effectiveness using tools like automation and behavior analytics. Trius was impressed with Aperture’s ability to integrate with other systems and use data to present member insights to help collectors cure accounts more quickly.
“Our collectors can focus and really listen to members, providing the human side of service, while Aperture does the rest, using data from our credit union and other sources to cure accounts in a way that reduces loss and retains member loyalty,” said Amy Schade, Vice President of Lending at Trius FCU.
“We are excited that these two, great credit unions put their trust in AKUVO,” said Steve Castagna, AKUVO Chief Operating Officer. “Our vision is to provide financial institutions of all asset sizes with tools that allow them to better manage credit risk through efficiency, automation and the power of data science.”
AKUVO is the creator of Aperture, a modern, cloud-based collection platform powered by data and analytics. Built by a team of individuals, each with more than 20 years’ experience, the company takes a visionary, behavior-based approach to credit risk and delinquency management through its products and consulting services. To learn more, visit www.akuvo.com.
About OnPath Federal Credit Union
Founded in 1961 on the grounds of Avondale Shipyards, Inc. as ASI Federal Credit Union was established to serve blue-collar workers. Rebranded in 2019 as OnPath Federal Credit Union today, the credit union’s membership is open to anyone who lives, works, worships, or attends school in the greater New Orleans area, as well as in 11 other nearby cities, or employees of one of their 600+ SEG program businesses, or their relatives. OnPath FCU has grown to include over 62,000 members, has had more than $1.2 billion in total lending impact across Southeast Louisiana, and holds over $484 million in assets. OnPath FCU has ten branches in four parishes, and it offers a broad range of loans to its members, including residential mortgage, business, direct and indirect auto, Visa credit cards, and unsecured loans. To learn more, visit https://www.beonpath.org/.