Buckeye State Credit Union Goes Live with Scienaptic's AI-Powered Credit Underwriting Platform

50% Lift in auto-approvals and 30%+ increase in automation for consumer loans

NEW YORK - March 26, 2025 - PRLog -- Leading global AI-powered credit underwriting platform provider Scienaptic AI, announced today that Buckeye State 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.

From its humble beginnings in 1933 as the Akron Postal Employees Credit Union, the Buckeye State Credit Union has evolved and expanded its reach to become a trusted financial services provider to a wider community in Northeast Ohio. Despite the challenges of the Great Depression, Buckeye State Credit Union remained steadfast in its commitment to serve postal workers, and later federal employees, during their time of need. As the credit union grew, it adapted to the changing needs of its members, expanding its field of membership and rebranding to reflect its evolving identity. Today, Buckeye State Credit Union remains dedicated to providing its members with the financial tools and resources they need to thrive. Its postage stamp logo serves as a reminder of the institution's rich history and enduring commitment to serving its community.

"Buckeye Credit Union's story has been of resilience and dedication to our community. For over 80 years, we've stood by our members, helping them navigate life's challenges and achieve financial independence," Michael Abernathy, CEO of Buckeye State Credit Union. "With Scienaptic's cutting-edge platform, we are lending deeper and making credit decisions that benefit even our most underserved members. AI is not just revolutionizing our lending operations, but enabling us to offer fair rates, faster turnaround times, personalized decisions, and an exceptional credit experience for each and every member we serve."

Correspondingly, Eric Steinhoff, EVP Client Impact at Scienaptic AI said, "We are excited that Buckeye State Credit Union is now live on our fair and compliant AI-powered credit underwriting platform. Our technology is helping the credit union boost loan approvals, make faster and better credit decisions while reducing the risk. This go-live marks a meaningful milestone in expanding credit access across Northeast Ohio, and we're proud to support Buckeye on this transformative journey."

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.

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.