North Iowa Community Credit Union Selects Suntell

This strategic move affirms NICCU’s unwavering commitment to elevating accuracy, efficiency, safety, soundness, data integrity, retrieval, and risk management for the credit union’s business members.

North Iowa Community Credit Union (NICCU) has partnered with Suntell, launching the Square 1 Credit Suite. This strategic move affirms NICCU’s unwavering commitment to elevating accuracy, efficiency, safety, soundness, data integrity, retrieval, and risk management for the credit union’s business members.

We are honored to support North Iowa Community Credit Union to achieve superior asset quality, regulatory examination results, and workflow efficiency,” said Ronnie Wooten, CEO of Suntell. “Their dedication to fostering relationships, not just transactions, ensures a member-centric approach, helping their valued business members succeed in their financial and business endeavor.”

The Square 1 Credit Suite, powered by Suntell, encompasses a comprehensive range of tools, including business loan credit analysis, CECL extract, approval management, loan workouts, credit risk rating, document imaging, integrations, and portfolio reporting.

Suntell, a trailblazer in the industry since its founding in 1996, revolutionized loan management systems (LMS) to maximize productivity. They further expanded their offerings to include Suntell Document Imaging (SDI) for managing borrower, loan, and deposit documents, AgExam for agricultural analysis, Stress Tests for comprehensive risk assessment, and Loan Queue and Dashboards for streamlined workflow management. Together, these components form the powerful Square 1 Credit Suite.

NICCU is a community-focused financial cooperative, dedicated to providing innovative, convenient, and exceptional service to its valued members. Members of NICCU are part owners of this not-for-profit financial institution, reflecting the credit union’s commitment to serving the community’s financial needs today and in the future.

In addition to serving individuals and families, NICCU takes pride in offering comprehensive business services. Whether a small business owner or a growing enterprise, NICCU works diligently to support its business members’ financial journey with customized solutions and personalized attention.

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For media inquiries or further information, please contact:
Ronnie Wooten, CEO
Phone: 888.848.7349, ext. 219
Email: rwooten@suntell.com

About Suntell:
Suntell, founded in 1996, is a leading innovator in providing powerful loan management systems and comprehensive financial tools to community financial institutions. Their Square 1 Credit Suite® is designed to optimize accuracy and efficiency, enabling institutions to focus on better serving their customers and achieving their business goals. For more information, visit www.suntell.com.

About North Iowa Community Credit Union:
North Iowa Community Credit Union (NICCU) was established in 1956 by a group of local labor union employees, committed to offering confidential credit and systematic savings plans. Today, NICCU continues this proud tradition, providing full-family memberships, modern convenience services, high-yield savings programs, and affordable loans to meet every personal and business need. As a member-owned cooperative, NICCU ensures that all earnings benefit its members, offering higher savings dividends, lower loan rates, and unique services tailored to their needs. For more information, visit www.niccu.com.

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FAQs

How does a loan origination system work?

An LOS is defined as a system that automates and manages the end-to-end steps in the loan process – from the application, through underwriting, approval, documentation, pricing, funding, and administration.

What is the difference between loan origination and underwriting?

A loan officer is someone who works for a bank or credit union or other financial institution and offers loans to borrowers, while an underwriter is someone who analyzes documents from potential borrowers to determine if they are eligible for a loan.

What are the benefits of loan origination software?

By now, lenders are well versed in the benefits of a digital loan origination system, such as: Providing borrowers with easy, streamlined, and digital applications. Providing bankers with automating spreading and financial analysis tools.

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