Algebrik AI, a Delaware-incorporated company headquartered in New York City, pioneering the world's first cloud-native, AI-powered, digital-era Loan Origination System (LOS) built for credit unions, announced that Family Financial Credit Union, a trusted community institution based in Muskegon, Michigan, has selected Algebrik AI's complete agentic AI-powered lending origination suite called Algebrik ONE: including its Digital Account Opening, Lender's Cockpit (LOS), Omnichannel Point-of-Sale (POS), AI Decision Engine, and Portfolio Analytics -  to deliver faster, smarter, and radically member-first lending and onboarding experiences across channels.

 Family Financial Credit Union selects Algebrik ONE to deliver faster, smarter, AI-powered lending experiences.

Cloud-Native, AI-powered digital era architecture

Designed from the ground up as a modular, cloud-native, AI-powered platform, Algebrik enables personalized workflows that adapt to the needs of both members and lenders. With Agentic AI not just making decisions but also executing them, the platform delivers measurable impact across the lending journey:

• 90% reduction in abandonment rates, bringing down average loan or member acquisition costs from $600–$700 to just $100–$200.
• 40% reduction in processing time for underwriters and lenders, freeing up nearly 2 days per week to focus on complex cases and deeper member engagement.
• 30–40% increase in Look-to-Book (LtB) ratios, improving loan-to-share performance and net interest margins (NIM).
• 300% improvement in member experience, enabling approvals in under 5 minutes across all loan types, and same-day funding for unsecured personal loans.