Access Credit Union Extends JUDI.AI to Power Post-Merger Small Business Lending Program
VANCOUVER, BC, CANADA, April 11, 2023 — JUDI.AI, a leading SaaS small business lending provider for community lenders, announced today that Access Credit Union, the largest credit union in Manitoba and sixth largest in Canada, has successfully gone live with its AI-enabled small business lending platform.
Over the past two years, Access Credit Union officially merged with three credit unions – including Sunova Credit Union, a JUDI.AI customer – growing to over $10 billion in assets. Following a comprehensive internal review, Access made the decision to deploy the JUDI platform across its expanded footprint.
“Expanding the JUDI.AI platform to all branches of our credit union allows us to serve our members with excellence,” said Larry Davey, President and CEO at Access Credit Union. “We look forward to the success that this platform will bring to our small business lending program.”
“The recent merger activity with Access underscores their commitment to technology enhancements that improve the member experience,” said Gord Baizley, CEO at JUDI.AI. “As a Manitoban myself, I’m excited to support Access as they work to get much-needed capital into the hands of even more local businesses.”
About Access Credit Union
Access Credit Union was incorporated in 2021 following a merger with Crosstown Civic Credit Union. In 2022, Access Credit Union merged with Noventis and Sunova Credit Unions to become the largest credit union in Manitoba with more than $10.7 billion in assets. With 52 branches spread across Manitoba, over 895 employees, and more than 175,000 members, Access Credit Union continues to be a financial institution that puts its members first. For more information about Access Credit Union, visit accesscu.ca.
About JUDI.AI
Small businesses are the backbone of our local communities, but 40-50% of small businesses rank access to capital as their top challenge. Although the economics of small business lending have historically been untenable, mission and profit are no longer mutually exclusive in the digital world. Born and incubated inside a fintech lender, JUDI.AI enables community-based financial institutions to provide a fintech-like experience for small business loans. Combining the speed of consumer lending with the right amount of rigor from commercial lending, our AI-enabled platform uses a unique cash flow-based underwriting approach to eliminate the friction typically associated with small business lending. JUDI.AI pledges 1% of our equity, revenue, time and product to charities of our customers’ choice. To learn more, visit www.judi.ai.