APCU/Center Parc Credit Union Adopts Point Predictive's IEValidate™ to Transform Member Income and Employment Documentation Requirements

Core Insights - APCU/Center Parc Credit Union has adopted Point Predictive's IEValidate solution to enhance lending efficiency and fraud prevention capabilities [1][2] - The implementation of IEValidate allows for frictionless income and employment validation, eliminating the need for traditional paystubs and bank statements [2][3] - Early adopters of IEValidate have reported a doubling of loan conversion rates for low-risk applications while maintaining strong portfolio performance [3] Company Overview - Point Predictive specializes in risk solutions for consumer lending, utilizing artificial intelligence and a proprietary data repository to improve lending confidence and speed [5] - APCU/Center Parc is a member-owned, not-for-profit financial cooperative with over $2.3 billion in assets and more than 108,000 members [6] Solution Features - IEValidate eliminates the need for paystubs in over 80% of loan applications, streamlining the lending process [7] - The solution accesses insights from over 300 million reported incomes and screens against 22 million employers, including over 14,000 identified fake employers [7] - It provides income and employment evaluations for 100% of loan requests, enhancing the decision-making process for underwriters [7]