Strata Credit Union Goes Live with Scienaptic AI

NEW YORK - EntSun -- Leading global AI-powered credit underwriting platform provider Scienaptic AI, announced today that Strata Credit Union has implemented its AI-based underwriting platform and is now live. This deployment is significantly streamlining the credit union's underwriting process, leading to an increase in approval rates and a notable enhancement in the member experience. Importantly, all these advancements have been achieved while ensuring fairness, inclusivity, and compliance with regulatory standards, which are integral to Scienaptic's AI platform.

Founded in 1949 by a small group of Kern County employees, Strata Credit Union was built on the belief that financial services should be accessible and supportive of everyone's needs. Starting with loans made in the board chairman's kitchen, the credit union has grown to serve anyone who lives, works, or attends school or church in Kern County. Strata Credit Union operates multiple branches in Bakersfield and Wasco and provides its 24,000-strong member community with convenient, 24/7 access to digital banking services. Strata's commitment to improving the financial well-being of its members remains at the heart of its mission.

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"At Strata Credit Union, growth has always meant finding better ways to serve our members, from lending off of a kitchen table to where we are today", said Brandon Ivie, CEO of Strata Credit Union. "Going live with Scienaptic AI marks an important step forward. We're automating our processes, expanding approvals, empowering our staff with deeper data-driven insights, and creating more ways to say 'yes', especially for hardworking members who deserve access to fair, inclusive credit, no matter their background."

Eric Steinhoff, EVP, Client Impact at Scienaptic AI expressed, "We're excited to announce that Strata Credit Union is now live with Scienaptic's AI-powered credit decisioning platform! Our technology is helping Strata automate smarter, expand approvals, and deliver faster, more personalized credit experiences, while maintaining control and consistency in every decision. It's an honor to support Strata's vision for growth, stronger member relationships, and lasting community impact."

About Scienaptic AI

Founded in 2014, Scienaptic AI was built with the mission to drive financial inclusion at scale through AI-driven credit decisioning. The platform encapsulates a decade of technological innovation, integrating more data into decision-making, leveraging advanced machine learning algorithms, and supplementing them with rigorous risk and fair lending monitoring processes. This enables financial institutions to reach more borrowers—including underbanked and underserved individuals—and say "yes" more often without increasing risk.

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In September 2024, Scienaptic's Credit Union Service Organization (CUSO) received strategic equity investments from its clients, further strengthening its mission to elevate lending with AI-driven solutions for inclusive loan growth, automation, lifecycle management, and compliance. Today, the CUSO is backed by 10 strategic investors, underscoring Scienaptic's deep commitment to the core principle of "people helping people."

The Scienaptic AI platform plays a vital role in supporting over 150 lenders by enhancing lending accuracy and efficiency. Scienaptic's credit decisioning expertise spans financial institutions collectively managing $3.9 trillion in assets. The platform processes over 3 million credit decisions each month, evaluating loan applications worth more than $3 billion. This enables over 1.3 million underserved individuals every month to access credit opportunities that were previously out of reach. Driven by the growing demand for AI in lending, the company has expanded by over 2,000% in the past three years.

For more information, visit www.scienaptic.ai.