MSUFCU partners with Origence as part of ‘expansion phase’
Michigan State University Federal Credit Union (MSUFCU) is continuing in its “expansion phase” by partnering with Origence in a strategic collaboration to leverage Origence’s arc OS and arc DX platforms for both loans and account opening.
Origence said the platform will enable MSUFCU to optimize its workflow, enhancing the member experience with a system that is both efficient and easy to maintain.
For more than a decade, MSUFCU customized its core system to scale for its needs. In that time, it continued to grow, acquiring another credit union and two additional community banks and expanding its market into Illinois.
As the credit union grew, maintaining its customizable platform became more time-consuming and costly, according to Origence.
MSUFCU is a more than $7.8 billion-asset credit union located in East Lansing, Mich. serving more than 350,000 members.
MSUFCU selected Origence’s arc OS for its configurable and intuitive technology that would drive efficiency. Ultimately, this upgrade would provide the foundation required to meet the evolving needs of its members and stay ahead in the competitive financial service landscape.
“MSUFCU is in a dynamic expansion phase,” MSUFCU chief executive officer April Clobes said in a news release from Origence. “We recognized that partnering with Origence would enable us to enhance our lending platforms in a more cost-effective and scalable way, meeting our growing needs with an innovative, configurable, and user-friendly solution.
“As a CUSO, Origence understands our commitment to our members and our growth initiatives, and they are willing to collaborate with us, listen to our needs, and grow alongside us,” Clobes added.
Origence recently welcomed Clobes to its board of directors as an associate board member and MSUFCU as an investor and shareholder for the CUSO.
“We are excited to have MSUFCU as a partner in our journey to reimagine lending technology for credit unions,” Origence president and CEO Tony Boutelle said. “Together, we are setting a new standard for innovation, efficiency, and service in the financial industry and credit union lending.”