CheckAlt, LEVERAGE Payment Solutions Partner to Solve Loan Repayment Pain Points for Credit Unions
Written by CheckAlt
CheckAlt has announced a new partnership with LEVERAGE Payment Solutions, a credit union service organization (CUSO), to provide a flexible loan repayment solution that helps streamline credit union operations while improving member retention.
“We are excited to be able to help empower LEVERAGE Payment Solutions to better serve credit union membership to solve a historical pain point in the loan repayment space,” said Allison Murray, Chief Growth Officer for CheckAlt. “Managing both direct and indirect loans is a longstanding pain point for credit unions that requires significant manual effort to ensure payments on loans from outside accounts are properly received. CheckAlt’s LoanPay solves that problem, provides a better member experience while also supporting credit union collections departments.”
Designed with credit unions in mind, CheckAlt's premier loan payment processing platform LoanPay enables loan payments anytime, anywhere—online, SMS text, in-person, by a call center representative, or by phone via interactive voice response—to meet the evolving expectations of credit union members.
“The LoanPay platform addresses common challenges credit unions experience while supporting direct and indirect loans while also accepting loan payments regardless of location—a key factor in member retention,” said Lindsey Cole, Chief Operating Officer for LEVERAGE. “The LEVERAGE team works hard while vetting new partners. We purposefully select the top brands with solid reputations. That’s why we’ve partnered with CheckAlt to provide LoanPay to credit union members and improving the loan repayment experience for credit unions and borrowers.”
Read the full announcement here.