Clutch
Clutch (WITHCLUTCH, INC) is a digital account opening and loan origination portal for credit unions. The platform removes friction from the application process, automates fraud detection and enables consumers to fund accounts via ACH / Debit / Credit Card. Moreover, the platform presents pre-qualified loan offers, cross-sells recapture opportunities if applicants have high-interest debt elsewhere and drives efficiency gains throughout the loan underwriting and funding process. The CUSO is focused on serving credit unions and partners with north of 100 institutions: from credit unions with 5,000 members and $50M in assets all the way to multiple of the nation’s largest institutions.
Products Offered
- Loan origination
- Digital Account Opening
- Member Experience ; frictionless application experience
- 1-click pre- approval redemption experiance
- Cross-sell and up-sell of deposit, loan and ancillary products
- HAL - AI assistant designed to streamline loan applicants