Barksdale Federal Credit Union has officially deployed Scienaptic AI’s artificial intelligence-powered credit underwriting platform, now live and operational. This implementation is designed to enhance the credit union’s underwriting process, aiming for increased approval rates and an improved member experience, while upholding principles of fairness, inclusivity, and regulatory compliance.
Established in 1954, Barksdale Federal Credit Union initially served military and civilian personnel at Barksdale Air Force Base in Bossier City. The credit union has expanded its reach to serve over 1,000 companies, associations, and churches, maintaining its commitment to improving members’ economic well-being, including those with modest financial means. With assets exceeding $2.3 billion, it operates as Louisiana’s largest locally-owned credit union and extends its services across Texas and Arkansas through more than 30 locations.
Patrick Gullatt, CEO of Barksdale Federal Credit Union, commented on the deployment, stating, “Barksdale Federal Credit Union has always been rooted in resilience and a deep commitment to our community. For over 70 years, we’ve helped our members navigate life’s challenges and build financial strength. With Scienaptic’s AI-driven platform, we’re automating our underwriting, significantly improving efficiency, and lending with greater precision. We’re seeing more approvals, delivering more personalized credit decisions, and creating a faster, smoother experience for every member we serve.”
Eric Steinhoff, EVP Client Impact at Scienaptic AI, added, “We are excited that Barksdale Federal Credit Union is now live on our fair and compliant AI-powered credit underwriting platform. Their commitment to smarter, faster, and fairer lending aligns perfectly with our mission. By leveraging our technology, they’re not only accelerating loan approvals and enhancing decision quality, but also expanding access to credit for more members across Louisiana. We’re proud to support their journey.”
Founded in 2014, Scienaptic AI specializes in AI-driven credit decisioning, with a mission to advance financial inclusion. The company’s platform integrates extensive data and utilizes machine learning algorithms, complemented by risk and fair lending monitoring, enabling financial institutions to extend credit to more borrowers, including underbanked and underserved individuals, without increasing risk. In September 2024, Scienaptic’s Credit Union Service Organization (CUSO) received strategic equity investments from clients, reinforced by 10 strategic investors.
Scienaptic AI’s platform supports over 150 lenders, handling more than 3 million credit decisions and evaluating over $3 billion in loan applications monthly, impacting over 1.3 million underserved individuals by providing access to credit. The company has experienced substantial growth, expanding by over 2,000% in the last three years, driven by increasing demand for AI in lending.
