NACUSO Marketplace Provider
Organization Name: LendKey
NACUSO Membership: Standard
Year Formed: 2009
Description of Your Services: LendKey’s digital lending solutions, including ALIRO, empower credit unions to expand market share and manage liquidity through home improvement and student lending. Their innovative digital lending networks bring together community-based financial institutions to create standard lending programs for private student loans, student loan refinance, and home improvement loans. Utilizing LendKey’s lending-as-a-service platform, these programs offer end-to-end support, from customer acquisition to back-office services.
ALIRO, LendKey’s loan trading marketplace, facilitates seamless transactions for financial institutions and market participants. Loans can be bought or sold in whole or fractional participation formats, with support for both one-time and forward-flow transactions. ALIRO provides the necessary technology, tools, and ongoing service to help financial institutions optimize their balance sheets and manage risk, ultimately enhancing net interest income.
Why should a credit union use your services?: Since 2009, LendKey has enabled over 400 financial institutions to offer competitive loan programs, expanding their digital presence across various channels and marketplaces. With over $7 billion in deployed loans and servicing $3 billion in consumer loans, LendKey continues to drive success for its clients in the evolving financial landscape.
Network Lending Benefits Include:
Boost Returns: Deploy capital efficiently and diversify lending through participation networks and institutional buyers.
Diversify Risk: By diversifying your loan holdings or participations, your organization can manage risk and optimize returns.
Compliance: Our expertise in risk and compliance protects you at origination, disbursement, servicing, and repayment.
Wider Consumer Base: Tap into a national, diverse pool of borrowers and market segments.
Number of Credit Union Customers: 400
Are You a CUSO?: No
Are there investment opportunities for credit unions?: Yes
Describe Your Business Model:Other (please describe)
Business Model Other: lending-as-a-service platform
Are you currently seeking additional users/customers?: Yes
Do you offer discounts or other benefits for NACUSO Members?: No
Website Link: https://www.lendkey.com/lend
Contact Information:Michelle AsherPublic Relations & Marketing, Directormichelle.asher@lendkey.com
Lauren WeissBusiness Development, Manager727-743-0011lauren.weiss@lendkey.com
Lauren WeissBusiness Development, Manager727-743-0011lauren.weiss@lendkey.com
Additional Information:
Experience effortless lending with LendKey. Streamline your entire process, reach more borrowers, and accelerate your institution’s growth with powerful digital solutions designed for community lenders.
Reviews:
Customer Name:Neighbors FCU
Customer Title:VP of Treasury
Year Customer First Used Your Services:
Is Customer An Owner:No
Review Text:“LendKey is a trusted name with a strong track record of developing digital lending networks for credit unions and banks and with the launch of ALIRO’s one-time sale capabilities, they’ve given us another avenue to sell loan participations and manage liquidity. From data transmission to payment remittance, settlements and reporting, LendKey helped make the entire sales process much simpler.”
Customer Name:Inspire
Customer Title:President and CEO
Year Customer First Used Your Services:
Is Customer An Owner:No
Review Text:"For the last 13 years, we've partnered with LendKey to elevate our lending services and strengthen our commitment to providing the best financial solution for our members. The team at LendKey is not only knowledgeable and responsive, but also genuinely committed to our success. They have empowered us to better serve our members and have been a true partner, not just another vendor.
Customer Name:TopLine Financial
Customer Title:President and CEO
Year Customer First Used Your Services:
Is Customer An Owner:No
Review Text:"We've opened over 700 new member accounts through private student loans and cross-sold additional products to 36% of them.
Customer Name:Neighbors FCU
Customer Title:VP of Treasury
Year Customer First Used Your Services:
Is Customer An Owner:No
Review Text:“LendKey is a trusted name with a strong track record of developing digital lending networks for credit unions and banks and with the launch of ALIRO’s one-time sale capabilities, they’ve given us another avenue to sell loan participations and manage liquidity. From data transmission to payment remittance, settlements and reporting, LendKey helped make the entire sales process much simpler.”
Customer Name:Inspire
Customer Title:President and CEO
Year Customer First Used Your Services:
Is Customer An Owner:No
Review Text:"For the last 13 years, we've partnered with LendKey to elevate our lending services and strengthen our commitment to providing the best financial solution for our members. The team at LendKey is not only knowledgeable and responsive, but also genuinely committed to our success. They have empowered us to better serve our members and have been a true partner, not just another vendor.
Customer Name:TopLine Financial
Customer Title:President and CEO
Year Customer First Used Your Services:
Is Customer An Owner:No
Review Text:"We've opened over 700 new member accounts through private student loans and cross-sold additional products to 36% of them.