BCU to Join the Rate Reset Network

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Fourth Largest Credit Union in Illinois to License Rate Reset Digital Member Solution

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“Digital innovation is transforming our industry and creating opportunities for us to provide uniquely valuable experiences for our members.” said David Brydun, VP Consumer Lending, BCU. “Rate Reset’s LoanGEN product is part of that transformation."

Rate Reset, the provider of Loan Reset, Acquisition and Retention Software, today announced that BCU has agreed to license its LoanGEN software for auto loans. BCU, headquartered in Vernon Hills, IL, has over 200,000 members and $2.4 billion in assets. The agreement with Rate Reset provides BCU a simple, easy and attractive digital solution for generating more loans.

LoanGEN is a web‐based automated loan acquisition tool that allows credit unions to acquire existing auto loans from other financial institutions. The opportunity for the credit union is to generate auto loan leads with a powerful tool for increasing its portfolio. For credit union members, the partnership provides a simple and convenient way to shop, switch, and save on their auto loans--online or mobile.

“Digital innovation is transforming our industry and creating opportunities for us to provide uniquely valuable experiences for our members.” said David Brydun, Vice President of Consumer Lending, of BCU. “Rate Reset’s LoanGEN product is part of that transformation.”

“Our LoanGEN product is an effective tool for credit unions to acquire new loans from other financial institutions.” said Keith Kelly co-founder and CEO of Rate Reset. “We are very pleased to have such a Credit Union as well-respected as BCU join the ranks of the Rate Reset network.”

About BCU:
BCU, headquartered in Vernon Hills, IL was established in 1981 as a full-service financial institution providing SEG and community banking to over 200,000 members in all 50 states and Puerto Rico. Membership is open to several prestigious companies around the country and those living or working in the Chicago-area communities. For more information about BCU, visit BCU.org.

About Rate Reset:
Named by American Banker’s Bank Technology News (BTN) as "One of the Top Ten Technology Companies" to watch, Rate Reset provides innovative Loan Acquisition, Retention and Reset Software (LRS™) to banks, credit unions and mortgage companies. The company’s software provides a borrower-initiated interest rate-resetting loan feature that is an alternative to the traditional refinance for both mortgages and auto loans. For more information on Rate Reset visit http://www.RateReset.com.

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Keith Kelly
Rate Reset
+1 (703) 926-8626
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