News & Announcements

CACU Member Achieva CU Signs with LoanStreet Inc.

Posted on August 14, 2017

LoanStreet Inc., the leading loan participation platform, welcomes Florida-­‐based, and proud board member of Corporate America Credit Union, Achieva Credit Union to its platform. “We're very excited to be working with LoanStreet,” said Cathy Marzetta, ACU Finance. “We've been doing loan participations for many years and LoanStreet is by far the best product we've seen in the space.”

Achieva is using LoanStreet to manage its entire loan participation portfolio of roughly $75 million. What would have been a significant amount of work every month, extracting data from their Core, running various calculations, tracking values and analyses month over month, and then distributing the information to participants, has become a single, simple data drop to LoanStreet. Each month, LoanStreet automatically calculates and produces the most accurate and comprehensive reports, and distributes them to Achieva’s participants. The risk of manual processing errors is eliminated and the headache of administration is gone.

“The reports are clear, concise and very detailed. The tools are easy to use. The team is hard working, responsive and genuinely cares about our feedback. We really feel like we have a partner in LoanStreet,” said Marzetta.

“We're thrilled to have Achieva as part of our credit union network,” said Ian Lampl, CEO of LoanStreet. “Achieva is a sophisticated organization that understands the value of harnessing technology to manage their business processes more efficiently. We look forward to working with them and Corporate America on other products as we continue to evolve and develop our platform.”

Pete Pritts, CEO of Corporate America added, “At Corporate America, we are constantly trying to source the most innovative solutions for our members.  LoanStreet is truly a world-­‐class platform that has really revolutionized the loan participation space. We're proud that Achieva, like so many of our other members, big and small, who've joined LoanStreet, are thriving from the experience.”

About Achieva CU

Achieva Credit Union was founded in 1937 in Pinellas County. Today, it is rated a Superior 5-­‐Star credit union by Bauer Financial and has more than $1.4 billion in assets and 24 branches serving more than 140,000 members. Anyone who lives or works in Charlotte, Collier, DeSoto, Hernando, Hillsborough, Lee, Manatee, Pasco, Pinellas, and Sarasota Counties, or whose family member has an Achieva Credit Union account can bank with Achieva. For more information about Achieva, visit www.achievacu.com.

About LoanStreet Inc.

LoanStreet Inc. (LoanStreet) is an innovative loan participation platform that enables institutions of all sizes to cost-­‐effectively participate loans in a regulatory-­‐compliant manner.  LoanStreet was co-­‐founded by  Ian  Lampl,  former  Deputy  Chief  Counsel  for  TARP,  following  the  financial  crisis  to  meet  the  acute need he saw for a standardized and automated loan participation platform. For more information or to join the LoanStreet network, please visit www.loan-­‐street.com or email:  info@loan-­‐street.com.

About Corporate America Credit Union

Founded in 1982 and based in Irondale, Alabama, Corporate America Credit Union is a dedicated, not-­‐ for-­‐profit financial cooperative with nearly 500 member credit unions.  Corporate America provides a variety of correspondent programs, including ACH, item processing, remote deposit capture, credit and liquidity and ALM services. Corporate America also provides programs for card services and e-­‐commerce solutions that members can offer to their membership.  For more information, call (800) 292-­‐6242 or visit  www.corpam.org.

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