Wirral Credit Union was adding new members each month, but the common bond offered so much more potential.
Therefore, NestEgg and Wirral Credit Union worked together to:
- Go live with the NestEgg Decision Engine in March 2022
- Use NestEgg's Workflow to start taking online applications from November 2022
- Support the launch of a new member loan proposition
Growing the loan book
Wirral Credit Union adopted NestEgg’s workflow with open banking as it launched a new member loan proposition.
As a result, there has been a 14x increase in new member loan applications.
Now the Credit Union feels better able to assess and process lending decisions with more confidence due to the available data provided by the decision engine.
X increase in loan applications
Since using NestEgg we have started to attract and retain a different demographic from our traditional membership base, allowing us to diversify our portfolio and help even more people in the communities we serve to build their financial wellbeing. Steve Kendrick, Manager Wirral Credit Union