Excellence in Lending Award Winner
The Partnership FCU Wins CUNA 2015 Excellence in Lending Award
November 17‚ Arlington, VA — The Partnership Federal Credit Union was named the 2015 Excellence in Lending Award Winner in the category of credit unions less than $250 million in assets by the Credit Union National Association (CUNA). The Credit Union was recognized for its innovative Lending Evolution plan, which focused on streamlining the lending process to make it easier for members to apply for and receive loans.
Theresa Mann, President and Chief Executive Officer, Bonnie Ortiz, Chief Operating Officer, and David Martinez, Director of Lending Strategies and Business Technologies, accept the award on behalf of the Credit Union at the annual conference on Tuesday, November 10.
The Lending Evolution plan began with analysis of the Credit Union’s current lending functions that uncovered opportunities to increase value to members by saving them money each month and by making it less time-consuming to get a loan from The Partnership FCU. After uncovering these opportunities, The Partnership then introduced solutions that were both innovative and industry leading, including the Value in Partnership (VIP) program that rewards members for their engagement with the Credit Union, the AutoRefi web based self-service refinance tool to allow members to lower their payments and the eValuator which helps employees identify and members see the potential savings they could realize by refinancing loans with The Partnership FCU. The Lending Evolution plan not only provided value measurable in dollar savings back to members but has resulted in year-to-date annualized loan growth of 12.28% for 2015.
“We believe that everyone in our community deserves value through partnership,” said Theresa Mann, President/CEO of The Partnership FCU. “We are honored to receive the 2015 Lending Excellence Award and are delighted that the Lending Evolution plan has allowed us to grow our loan portfolio and most importantly provide value to our members.”
Each year the CUNA Lending Council honors credit unions with the Excellence in Lending Awards, given only to those of the highest caliber that have demonstrated long-term excellence in the industry, and that demonstrate an ability to reach their members’ needs by innovative means, while sustaining sound financial performance.