First Community Credit Union, based in Houston, Texas, has partnered with Scienaptic AI to integrate its AI-powered credit decisioning platform, aiming to improve credit access for its 176,000 members and streamline lending processes.
The credit union plans to use Scienaptic AI’s regulatory-compliant technology to make faster and more informed lending decisions, expand lending opportunities, and support underserved members across its service regions. First Community Credit Union serves 41 counties in the Greater Houston, San Antonio, Austin, and Dallas/Fort Worth areas, managing $2.9 billion in assets. For over 70 years, FCCU has focused on a “people helping people” philosophy, emphasizing economic inclusion and member well-being.
Randal Ward, Chief Lending Officer at First Community Credit Union, stated, “We are committed to helping members reach their goals through smarter and more inclusive financial access. Scienaptic’s platform will deepen our risk insight, unify a wider range of data, and streamline lending decisions through intelligent automation. That means faster responses, more accurate approvals, and a better lending experience for our members. By enhancing our underwriting with AI, we can amplify what we already do best — responsibly supporting families and businesses with access to the credit they need to grow.”
Scienaptic AI, established in 2014, specializes in AI-driven credit decisioning designed to promote financial inclusion. Its platform integrates extensive data, advanced machine learning algorithms, and robust risk and fair lending monitoring to enable financial institutions to approve more borrowers, including underbanked and underserved individuals, without increasing risk.
Patrick McElhenie, Chief Growth Officer at Scienaptic AI, commented, “Our AI technology will help the credit union act faster, reduce manual effort, and uncover credit opportunities often missed by traditional methods. Together, we will enable more Texans to achieve financial progress.”
Scienaptic AI’s platform supports over 150 lenders, collectively managing $3.9 trillion in assets, processing more than 3 million credit decisions monthly and evaluating over $3 billion in loan applications. This technology facilitates credit access for over 1.7 million underserved individuals each month. In September 2024, Scienaptic’s Credit Union Service Organization (CUSO) received strategic equity investments from clients and is now backed by 15 strategic investors, reinforcing its commitment to AI-driven lending solutions. The company has expanded by over 2,000% in the last three years due to the increasing demand for AI in lending.
