Curql Collective Investment to Help CU Members Become Approved Borrowers

Des Moines (August 30, 2022) – For would-be borrowers, a declined application for credit is a boulder on the path toward their financial goals. Curql Collective, a Credit Union Service Organization, is spurring innovation to help clear that path through a new Curql Fund I investment in fintech start up Credit Mountain.

Credit Mountain is taking credit counseling to the next level by providing personalized credit counseling powered by artificial intelligence, then backing up that guidance with a suite of tools that help aspiring borrowers to improve their credit scores. For credit unions, this technology offers enticing opportunities to cultivate additional borrowers and grow their membership bases.

“In many application scenarios, borrowers who don’t qualify for high-quality loans are simply declined with no action plan,” said Nathan Pinto, CEO-Founder of Credit Mountain. “Our solution helps credit unions identify those potential borrowers who come close to qualifying and then gives credit unions a way to aid those applicants as they climb that mountain to creditworthiness.”

According to Curql Collective President and CEO Nick Evens, the solution is one that illustrates how technology can provide transformative benefits for people – and credit unions. “This is really an investment in people,” he said. “We’re excited to make this investment in Credit Mountain, knowing that it will help create brighter futures both for members and credit unions. This technology also shows how technology can actually forge stronger relationships between members and credit unions. Credit unions will be able to actively engage with these borrowers and become the lender of choice when their time comes.”

About Curql Collective
Curql Collective is a collaborative approach that brings investment capital, credit unions, and fintech together. Launched in 2020, Curql is steered by a collective of forward-thinking credit unions, including former founders, operators, and leaders in the fintech and investment spaces. The group’s flagship – Curql Fund I – invests in the visions of entrepreneurs who thoughtfully and purposefully develop financial services technology that revolutionizes and innovates how people engage with their money. For more information, please visit www.curql.com.

Curql Collective Expands Fintech Ecosystem with Newest Partner, Flybits

Flybits leverages artificial intelligence and other technologies to deliver personalized content and digital experiences to credit union members.

Curql Collective Introduces Spave as New Fintech Ecosystem Partner

Spave provides a powerful tool to help subscribing and investor credit unions engage with their members.

Curql Collective Welcomes Ever Green 3C to Growing Fintech Ecosystem

Curating an exclusive yet ever-growing roster of fintech solutions, Curql Collective has announced the addition of Ever Green 3C to its fintech ecosystem.

Curql Collective Expands Fintech Ecosystem with Total Expert

Curql Collective has just announced the onboarding of a new fintech Ecosystem Partner, Total Expert. Total Expert provides a purpose-built customer relationship management platform to help credit unions harness data to engage with members and create growth.

Curql Collective Welcomes New Leaders to Board of Managers

As it prepares for a big year ahead in 2023, Curql Collective, a CUSO spurring innovation for the credit union industry, announced that Darlene Johnson will be joining the Board of Managers, and Ron Amstutz has been re-elected. Five nominees vied for the two open positions during the election, each with a three-year term.