Kirk Drake’s Post

Once upon a recent time, five Credit Union CEOs found themselves at a crossroads. Each led an institution that was invaluable to its community but challenged to scale up individually. Their names were Sarah, Martin, Emily, Hector, and Raj. Facing challenges with limited loan portfolios, resources, and expertise, they knew they had to do something revolutionary. Then Raj introduced them to Quilo—a platform designed to streamline ALCO operations and redefine loan syndication. Motivated by a collective vision, they initiated a pilot program with Quilo. The platform's digital capabilities allowed them to make larger and more diversified loans through syndicating loans among themselves, sharing risks while still retaining their individual brand identities. But that's not all. Quilo's Generative AI gave them daily performance summaries. These weren't just numbers; they were actionable insights, contextualized by their own performance metrics and those of their peers, as well as current economic conditions. The results were nothing short of groundbreaking. Each credit union significantly expanded its loan portfolio while mitigating various financial risks. They had achieved what seemed like an impossible dream: scaling without sacrificing their unique qualities or operational excellence. This collaboration exemplified how credit unions, despite their size, can leverage fintech to navigate the ever-changing financial landscape successfully. And they all knew this was only the beginning. CU 2.0 Quilo Matt Stephenson Mark Zook Tansley Stearns Stacie Wyss-Schoenborn Boris Fuzayloff Chris Otey Don Shafer NACUSO #ModernALM #continuousALM #loansyndication #cusocollaboration #nacuso #fintech #communitybanks #creditunions