Intelligent Automation Helps Farmers Insurance FCU Increase Efficiency by 58%

With home equity lending demand on the rise, the FIGFCU team needed a technology partner to help keep pace with growing loan volume and the changing needs of the market. 

Coviance
Published
August 26, 2023
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Farmers Insurance Federal Credit Union (FIGFCU) is a ~$1.5B in assets credit union, serving over 60,000 members. With home equity lending demand on the rise, the FIGFCU lending team needed a technology partner to help keep pace with growing loan volume and the changing needs of the market. 

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Since onboarding withIGFCU has:

  • Tripled their loan pull-through rate from 27% to 67% 
  • Shortened the lending cycle to 17 days on average
  • Grew member satisfaction to 4.98 out of 5

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Read more in our case study with FIGFCU →

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