Clutch | Turn your Credit Union into a Fintech

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Why Clutch

Partner with us to deliver a next-gen FinTech member experience to your Credit Union

The Challenge

Empower your Credit Union to take charge of originating and recapturing members' loans and deposits. Embrace the opportunity to lend and expand deposits with the efficiency and innovation characteristic of a leading fintech.

Many Credit Unions face the challenge of organic growth. We believe this can be attributed to three main categories.

All of which Clutch is designed to solve for.

Many Credit Unions face the challenge of organic growth. We believe this can be attributed to three main categories.

All of which Clutch is designed to solve for.

Many Credit Unions face the challenge of organic growth. We believe this can be attributed to three main categories.

All of which Clutch is designed to solve for.

challenge

#01

Clunky

Process

Clunky

Process

Clunky

Process

90%

digital loans require human intervention

challenge

#02

Member

Friction

Member

Friction

Member

Friction

3,100%

Fintech growth vs. 4% for credit unions

challenge

#03

Bleeding

Conversion

Bleeding

Conversion

Bleeding

Conversion

80%

fallout loans & accounts from start to finish

We believe your Credit Union has inefficient back-end processes taking up valuable hours from your loan officers. We know that countless legacy software systems you use, do not integrate with each other, and drive member friction. Finally, we know that over 80% of people who start your loan and deposit account origination process don’t finish because of outdated product designs.

Our unique solution

Clutch consists of two interconnected origination engines: loans and deposits, that members interact with digitally or in-branch.

Our cross-sell system is then designed to promote additional products or services to existing customers based on the data we pull from API-based integrations.

Clutch consists of two interconnected origination engines: loans and deposits, that members interact with digitally or in-branch.

Our cross-sell system is then designed to promote additional products or services to existing customers based on the data we pull from API-based integrations.

Clutch consists of two interconnected origination engines: loans and deposits, that members interact with digitally or in-branch.

Our cross-sell system is then designed to promote additional products or services to existing customers based on the data we pull from API-based integrations.

LOAN PRODUCTS

Loan products supported include vehicle loans, personal loans, credit cards, home equity lines of credit (HELOC), and other niche loan categories such as motorcycles, RVs, and boats.

DEPOSIT PRODUCTS

Deposit products feature share drafts, regular savings, money market accounts, share certificates, individual retirement accounts (IRA), and debit cards.

MARKETING STRATEGY

A retargeting engine pre-loaded with a marketing strategy to re-engage customers who have shown interest in certain products or services but did not complete applications recaptures those members and brings them back into the two interconnected platforms.

This entire continuous, cyclical process of engagement and product offering between the Credit Union and its members is the seamless solution that Clutch provides.