Seven of the Top 10 Credit Unions Partner with Blend
Blend Labs (NYSE: BLND) announces a significant milestone as seven of the top ten U.S. credit unions now utilize its platform. In 2024, financial institutions processed nearly $1.2 trillion in loan applications through Blend's platform.
The company's unified platform offers digital solutions for loan origination, account opening, and consumer onboarding, including a Mortgage Suite and Consumer Banking Suite. Success stories include:
- Langley Federal Credit Union ($5.3B in assets) achieved 37% increase in digital deposit account openings
- Baxter Credit Union ($6B in assets) saw conversion rates increase from 40% to 60%
- Randolph-Brooks Federal Credit Union experienced 12% increase in submitted applications within first month
Blend's platform features AI-powered automation, omnichannel experience, pre-approval capabilities, and regulatory compliance expertise, positioning it as a leading infrastructure provider for the future of banking.
Blend Labs (NYSE: BLND) annuncia un traguardo significativo poiché sette delle dieci principali cooperative di credito degli Stati Uniti utilizzano ora la sua piattaforma. Nel 2024, le istituzioni finanziarie hanno elaborato quasi 1,2 trilioni di dollari in richieste di prestito attraverso la piattaforma di Blend.
La piattaforma unificata dell'azienda offre soluzioni digitali per l'origine dei prestiti, l'apertura di conti e l'onboarding dei consumatori, inclusi un Mortgage Suite e un Consumer Banking Suite. Tra le storie di successo ci sono:
- Langley Federal Credit Union (5,3 miliardi di dollari in attivi) ha registrato un aumento del 37% nelle aperture di conti deposito digitali
- Baxter Credit Union (6 miliardi di dollari in attivi) ha visto aumentare i tassi di conversione dal 40% al 60%
- Randolph-Brooks Federal Credit Union ha sperimentato un aumento del 12% nelle domande presentate nel primo mese
La piattaforma di Blend presenta automazione potenziata dall'IA, un'esperienza omnicanale, capacità di pre-approvazione e competenze in materia di conformità normativa, posizionandola come un fornitore di infrastrutture leader per il futuro della banca.
Blend Labs (NYSE: BLND) anuncia un hito significativo, ya que siete de las diez principales cooperativas de crédito de EE. UU. utilizan ahora su plataforma. En 2024, las instituciones financieras procesaron casi 1.2 billones de dólares en solicitudes de préstamos a través de la plataforma de Blend.
La plataforma unificada de la empresa ofrece soluciones digitales para el origen de préstamos, la apertura de cuentas y la incorporación de consumidores, incluyendo un Mortgage Suite y un Consumer Banking Suite. Entre las historias de éxito se encuentran:
- Langley Federal Credit Union (5.3 mil millones de dólares en activos) logró un aumento del 37% en las aperturas de cuentas de depósito digitales
- Baxter Credit Union (6 mil millones de dólares en activos) vio aumentar las tasas de conversión del 40% al 60%
- Randolph-Brooks Federal Credit Union experimentó un aumento del 12% en las solicitudes presentadas en el primer mes
La plataforma de Blend cuenta con automatización impulsada por IA, experiencia omnicanal, capacidades de preaprobación y experiencia en cumplimiento normativo, posicionándola como un proveedor de infraestructura líder para el futuro de la banca.
Blend Labs (NYSE: BLND)는 미국의 상위 10개 신용 조합 중 7곳이 이제 자사의 플랫폼을 사용하고 있다는 중요한 이정표를 발표했습니다. 2024년에는 금융 기관들이 Blend의 플랫폼을 통해 거의 1.2조 달러의 대출 신청을 처리했습니다.
회사의 통합 플랫폼은 대출 원천, 계좌 개설 및 소비자 온보딩을 위한 디지털 솔루션을 제공하며, 모기지 스위트와 소비자 뱅킹 스위트를 포함합니다. 성공 사례로는:
- Langley Federal Credit Union (자산 53억 달러)가 디지털 예금 계좌 개설에서 37% 증가를 달성했습니다.
- Baxter Credit Union (자산 60억 달러)는 전환율이 40%에서 60%로 증가했습니다.
- Randolph-Brooks Federal Credit Union은 첫 달에 제출된 신청서 수가 12% 증가했습니다.
Blend의 플랫폼은 AI 기반 자동화, 옴니채널 경험, 사전 승인 기능 및 규제 준수 전문성을 갖추고 있어 미래 은행업을 위한 선도적인 인프라 제공업체로 자리 잡고 있습니다.
Blend Labs (NYSE: BLND) annonce une étape importante, car sept des dix principales coopératives de crédit aux États-Unis utilisent désormais sa plateforme. En 2024, les institutions financières ont traité près de 1,2 trillion de dollars en demandes de prêt via la plateforme de Blend.
La plateforme unifiée de l'entreprise offre des solutions numériques pour l'origine des prêts, l'ouverture de comptes et l'intégration des consommateurs, y compris une suite de prêts hypothécaires et une suite de banque de détail. Parmi les histoires de réussite, on trouve :
- Langley Federal Credit Union (5,3 milliards de dollars d'actifs) a enregistré une augmentation de 37 % des ouvertures de comptes de dépôt numériques
- Baxter Credit Union (6 milliards de dollars d'actifs) a vu ses taux de conversion passer de 40 % à 60 %
- Randolph-Brooks Federal Credit Union a connu une augmentation de 12 % des demandes soumises au cours du premier mois
La plateforme de Blend propose une automatisation alimentée par l'IA, une expérience omnicanale, des capacités de pré-approbation et une expertise en matière de conformité réglementaire, la positionnant comme un fournisseur d'infrastructure leader pour l'avenir de la banque.
Blend Labs (NYSE: BLND) gibt einen bedeutenden Meilenstein bekannt, da sieben der zehn größten Kreditgenossenschaften in den USA jetzt ihre Plattform nutzen. Im Jahr 2024 verarbeiteten Finanzinstitute über die Plattform von Blend fast 1,2 Billionen Dollar an Kreditanträgen.
Die einheitliche Plattform des Unternehmens bietet digitale Lösungen für die Kreditvergabe, die Kontoeinrichtung und das Onboarding von Verbrauchern, einschließlich eines Mortgage Suite und eines Consumer Banking Suite. Zu den Erfolgsgeschichten gehören:
- Langley Federal Credit Union (5,3 Milliarden Dollar an Vermögenswerten) erzielte einen Anstieg von 37% bei der Eröffnung digitaler Einlagenkonten
- Baxter Credit Union (6 Milliarden Dollar an Vermögenswerten) sah die Konversionsraten von 40% auf 60% steigen
- Randolph-Brooks Federal Credit Union erlebte im ersten Monat einen Anstieg der eingereichten Anträge um 12%
Die Plattform von Blend bietet KI-gesteuerte Automatisierung, ein Omnichannel-Erlebnis, Vorabgenehmigungsfunktionen und Expertise in der Einhaltung von Vorschriften, wodurch sie sich als führender Infrastrukturprovider für die Zukunft des Bankwesens positioniert.
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The industry’s most innovative credit unions see stronger digital deposit account openings, loan origination growth, and improved member experiences
In 2024 alone, financial institutions processed nearly
"Credit unions stand at a pivotal moment, where embracing digital transformation is no longer optional, but essential for sustained success. Many are held back by legacy systems and fragmented technology, hindering their ability to deliver the personalized, member-centric experiences that define the credit union difference," said Nima Ghamsari, Co-founder and Head of Blend. "By leveraging a unified platform that streamlines processes and unlocks the power of member data across multiple banking products, credit unions can not only enhance operational efficiency and drive down costs, but also deepen member relationships and foster financial wellness.”
Blend’s continuous upgrades and extensive integrations make it a future-proof solution, giving credit unions confidence that it will evolve with their needs.
Blend's platform delivers simple, digital, and data-driven end-to-end journeys for loan origination, account opening, and consumer onboarding. Blend offers a Mortgage Suite and a Consumer Banking Suite with pre-built, out-of-the-box solutions including deposits, credit cards, personal loans, auto loans, and HELOCs. Setting it apart from other solutions is its omnichannel experience, AI-powered automation, a unified platform supporting multiple products, pre-approval and cross-sell capabilities, strong partnerships, and expertise in regulatory compliance and security.
Credit Unions Power Growth and Efficiency with Blend
Langley Federal Credit Union: One of the top 100 largest credit unions in the
Another critical feature was Blend’s counteroffer capability, helping to drive a
“We were looking for a holistic online origination system,” said Fred Hagerman, Chief Operations Officer at Langley. “We found the experience with other technology providers to be fragmented, meaning that you might get deposits from one company, consumer loans from another, and mortgage originations from somebody else. Blend was the only provider we could find that offered the combined solutions on one platform.”
Baxter Credit Union (BCU): Another credit union to partner with Blend is
"Since partnering with Blend, we've seen our conversion rates jump from
Randolph-Brooks Federal Credit Union (RBFCU):
"We want to ensure that our digital experience is fully satisfying for a growing segment of our membership that expects to handle their financial transactions digitally. We see Blend playing a big role in that strategy,” said Victor Williams, Senior Vice President of Mortgage for RBFCU.
Trusted by the industry’s most innovative financial institutions, Blend is the infrastructure powering the future of banking. Since its founding, the company has received numerous awards and accolades, positioning Blend as the clear industry leader in digital loan origination and digital banking solutions, serving hundreds of financial institutions.
About Blend
Blend Labs Inc. (NYSE: BLND) is the leading origination platform for digital banking solutions. Financial providers— from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend’s platform to transform banking experiences for their customers. Better banking starts on Blend. To learn more, visit blend.com.
Forward-Looking Disclaimer
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally relate to future events, future performance or expectations and involve substantial risks and uncertainties. Forward-looking statements in this press release may include, but are not limited to, our expectations regarding our product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships, as well as assumptions relating to the foregoing. The forward-looking statements contained in this press release are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other comparable terminology that concern Blend’s expectations, strategy, plans or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved, if at all. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Blend and assumptions and beliefs as of the date hereof. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by law, Blend does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
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Press Contact
Chloé Demeunynck
Corporate Communications
press@blend.com
Source: Blend