APG Federal Credit Union (APGFCU), a Maryland-based institution with over $2.5 billion in assets, has partnered with Scienaptic AI, a global leader in AI-powered credit decisioning, to utilize its platform for improving credit access and streamlining lending processes for its 177,000 members.
Founded in 1938, APG Federal Credit Union operates as a not-for-profit cooperative dedicated to helping its members build wealth and achieve financial goals. The credit union, which serves more than 177,000 members across Harford, Cecil, and Baltimore counties and Baltimore City, reinvests earnings into member value through competitive rates, lower fees, and personalized financial guidance.
Robyn Mannone, Chief Consumer Lending Officer at APG Federal Credit Union, stated, “Our commitment is to help members improve their financial lives, and that commitment shapes every product and every interaction. With Scienaptic’s platform, we can evaluate credit needs with even greater care, insight, and accuracy, without losing the personal touch that defines who we are. This will allow us to enhance credit access and support members at every stage of their financial journey.”
Scienaptic AI, established in 2014, focuses on driving financial inclusion through AI-driven credit decisioning. Its platform incorporates advanced machine learning algorithms, integrates extensive data, and includes robust risk and fair lending monitoring. This technology is designed to enable financial institutions to increase loan approvals and reach underserved individuals without elevating risk.
Patrick McElhenie, Chief Growth Officer at Scienaptic AI, commented, “Our shared vision is to expand fair credit access and help more members achieve their goals with confidence. Scienaptic’s platform will empower APGFCU to increase approvals and manage risk responsibly, while keeping people at the heart of every decision.”
The Scienaptic AI platform supports over 150 lenders, which collectively manage $3.9 trillion in assets. It processes more than 3 million credit decisions monthly, evaluating over $3 billion in loan applications, and helps 1.7 million underserved individuals access credit opportunities each month. In September 2024, Scienaptic’s Credit Union Service Organization (CUSO) received strategic equity investments from clients, reinforcing its mission to enhance lending with AI-driven solutions for inclusive growth, automation, and compliance. The company has experienced over 2,000% growth in the past three years.
