Suncoast Credit Union

Zest AI's Credit Models Proven to Increase Loan Approvals for Every Protected Class

Retrieved on: 
Wednesday, January 31, 2024

LOS ANGELES, Jan. 31, 2024 /PRNewswire/ -- Zest AI, the leader in AI-automated underwriting, has grown extensively in the past four years as more and more lenders have implemented its patented technology that has proven to significantly increase loan approvals for protected classes. Zest AI has helped lenders increase approvals by 49% for Latinos, 41% for Black applicants, 40% for women, 36% for elderly applicants, and 31% for AAPI applicants, all while holding risk constant.

Key Points: 
  • Zest AI has helped lenders increase approvals by 49% for Latinos, 41% for Black applicants, 40% for women, 36% for elderly applicants, and 31% for AAPI applicants, all while holding risk constant.
  • Our AI-automated underwriting can accurately assess 98% of American adults, significantly increasing loan approvals with no increase in risk."
  • Zest AI has helped lenders assess over 39 million consumer loan applications in the last four years, resulting in $250 billion in loans granted based on Zest AI's models.
  • Zest AI has a 100% retention rate for its credit union customers and an NPS score of 81, which is among the top 1% of all companies.

Best Innovation Group Celebrates a Decade of Moving the Credit Union Industry Forward Through Innovation

Retrieved on: 
Wednesday, November 1, 2023

Best Innovation Group (BIG), a leader in credit union innovation, is celebrating its 10th anniversary this year.

Key Points: 
  • Best Innovation Group (BIG), a leader in credit union innovation, is celebrating its 10th anniversary this year.
  • To mark this significant milestone, BIG has released a special podcast episode , recorded live during a meeting of BIG’s Innovation Club at Suncoast Credit Union in Tampa, Florida.
  • BIG's flagship offering, the Innovation Club, is a unique consortium of forward-thinking credit unions committed to fostering innovation beyond fintech.
  • John Best, CEO of BIG and facilitator of the Innovation Club, explained, "I've always believed that innovation is a journey that credit unions and their members need to undertake together.

Filene Launches Two New Centers of Excellence Addressing Evolving Needs of Credit Unions, Members, and the Community

Retrieved on: 
Tuesday, September 26, 2023

MADISON, Wis., Sept. 26, 2023 /PRNewswire/ -- Filene Research Institute recently launched the Center for The Credit Union of the Future with fellow Lamont Black of DePaul University and the Center for Leadership, Strategy & Governance with fellow Amy Hillman of Arizona State University.

Key Points: 
  • Filene's two new research center topics are reflective of the most pressing needs credit union leaders face today.
  • Generous support for the Center for the Credit Union of the Future is provided by America First Credit Union, Kinecta, Michigan State University Federal Credit Union, Orange County's Credit Union, PSCU, Summit Credit Union and Trellance.
  • The credit union value proposition is powerful and we are here to help credit unions adapt in a changing world.
  • Generous support for the Center for Leadership, Strategy & Governance is provided by Community Financial Credit Union, Desert Financial Credit Union, Suncoast Credit Union, TruStage, University Credit Union, and Visions Federal Credit Union.

New iCIMS Research Reveals the Impact of a Poor Talent Experience on Employers

Retrieved on: 
Tuesday, September 12, 2023

HOLMDEL, N.J., Sept. 12, 2023 /PRNewswire/ -- Great experiences lead to great hires, and new research reveals a subpar talent experience could impact a company's bottom line. Today, iCIMS, the talent cloud company, published the 2023 Talent Experience Report, revealing that 56% of workers are less likely to be a consumer of a brand if they had a bad experience applying or interviewing for a job. 

Key Points: 
  • HOLMDEL, N.J., Sept. 12, 2023 /PRNewswire/ -- Great experiences lead to great hires, and new research reveals a subpar talent experience could impact a company's bottom line.
  • Here's what talent (actually) wants and how brands are meeting those expectations:
    An application process that doesn't leave them in the dark.
  • Download the iCIMS 2023 Talent Experience Report to discover job seeker and employee expectations, as well as transformational stories from employers around the world.
  • Explore trends and experiences provided by Europe's largest companies in the iCIMS European Talent Experience Report, available on Sept. 19.

SUNCOAST CREDIT UNION PARTNERS WITH COINSTAR FOR FINANCIAL, ACHIEVING BRANCH TRANSFORMATION WITH FULLY MANAGED COIN COUNTING

Retrieved on: 
Monday, July 31, 2023

Suncoast Credit Union is the largest credit union in Florida and the 10th largest in the US based on membership, serving more than one million members across the state.

Key Points: 
  • Suncoast Credit Union is the largest credit union in Florida and the 10th largest in the US based on membership, serving more than one million members across the state.
  • Suncoast Credit Union partners with Coinstar for Financial to implement new coin counting kiosks in 72 of its branches.
  • The Anthony kiosks are replacing Suncoast Credit Union's previous coin machines that were managed by branch staff, which often interrupted valuable time spent with members.
  • With Coinstar as the latest addition to its branch technology, Suncoast has reached a new level of efficiency and member satisfaction.

Boost Your Business: Attend Florida Realtors® 2023 Convention & Trade Expo

Retrieved on: 
Friday, July 14, 2023

ORLANDO, Fla., July 14, 2023 /PRNewswire/ -- Success strategies from top real estate leaders, the chance to network with other industry professionals, and the latest in high-tech devices: That's what the Florida Realtors® 2023 Convention & Trade Expo offers – opportunities to boost business and your bottom line.

Key Points: 
  • ORLANDO, Fla., July 14, 2023 /PRNewswire/ -- Success strategies from top real estate leaders, the chance to network with other industry professionals, and the latest in high-tech devices: That's what the Florida Realtors® 2023 Convention & Trade Expo offers – opportunities to boost business and your bottom line.
  • Florida Realtors Convention & Trade Expo takes place Aug. 16-17, 2023, at the Rosen Shingle Creek resort in Orlando, with the popular REBarCamp slated to kick off the event on Tuesday, Aug. 15.
  • "The Florida Realtors 2023 Convention and Trade Expo is the one business event this year that every Realtor should attend," says 2023 Florida Realtors® President G. Mike McGraw, a broker-associate with RE/MAX Central Realty in Orlando.
  • Register online through Aug. 7 for the Florida Realtors convention at https://events.american-tradeshow.com/fl2023 .

Emerson Firm PLLC Announces Ongoing Investigation Of Suncoast Credit Union Data Breach

Retrieved on: 
Wednesday, April 12, 2023

HOUSTON, April 12, 2023 (GLOBE NEWSWIRE) -- Emerson Firm, PLLC (“Emerson”) announces a continuing investigation of the data breach at Suncoast Credit Union (“Suncoast”).

Key Points: 
  • HOUSTON, April 12, 2023 (GLOBE NEWSWIRE) -- Emerson Firm, PLLC (“Emerson”) announces a continuing investigation of the data breach at Suncoast Credit Union (“Suncoast”).
  • This investigation relates to the theft of highly sensitive Personal Identifying Information (“PII”) of Suncoast customers.
  • Suncoast is the largest credit union in Florida, operates over 75 branch locations, and has over 1 million customers.
  • Customers – including those who have never banked with Suncoast – have recently discovered that Suncoast opened fraudulent accounts using their identities and PII.

Credit Unions Form CUSO to Access Prizeout’s Innovative Technology and Disrupt Traditional Banking Models

Retrieved on: 
Tuesday, February 21, 2023

The CUSO, called Prizeout Partners, is Prizeout’s official move into the credit union space and aims to disrupt traditional banking models by giving credit union members additional purchasing power and allowing the institutions to increase their non-interest income

Key Points: 
  • The CUSO, called Prizeout Partners, is Prizeout’s official move into the credit union space and aims to disrupt traditional banking models by giving credit union members additional purchasing power and allowing the institutions to increase their non-interest income
    “In a period of economic uncertainty and inflation, the partnership gives credit union members more purchasing power,” said David Metz, CEO of Prizeout.
  • Additionally, it’s a model where everyone wins – the members, the community, and the institution.”
    To date, nine credit unions have joined the CUSO: Suncoast Credit Union, Interra Credit Union, MSU Federal Credit Union, Patelco Credit Union, Stanford Federal Credit Union, Credit Human, Langley Federal Credit Union, University Credit Union, and Collins Community Credit Union.
  • Showcases Innovation - credit unions can now deliver meaningful, innovative, and relevant products to their members.
  • The CUSO was created and will be managed by credit union consulting firm Callahan and Associates, the most trusted entity amongst credit unions.

Zest AI Secures Growth Capital from Fintech Investors, Strategic Partners, and Customers to Advance the Next Generation of AI-Automated Underwriting

Retrieved on: 
Wednesday, November 2, 2022

LOS ANGELES, Nov. 2, 2022 /PRNewswire/ -- Zest AI, the leader in automating underwriting with more accurate and inclusive lending insights powered by AI, announced today that the company has raised over $50 million in a new growth round. The round was co-led by existing global software investor Insight Partners and new investor CMFG Ventures, with participation from CU Direct, Curql, Suncoast Credit Union, Golden1 Credit Union, Hawaii USA Federal Credit Union, and NorthGate Capital. 

Key Points: 
  • Zest AI plans to use the new funding to rapidly expand access to AI-automated credit underwriting for all lenders.
  • In broadening access to this technology, Zest AI will fuel more accurate and consistent underwriting decisions leveling the playing field for all borrowers and fostering a more inclusive economy.
  • "Zest AI's accelerating growth is a testament to the power and value of its advanced explainable AI technology for loan underwriting," said Lonne Jaffe, Managing Director at Insight Partners.
  • "Our credit union partners have found Zest AI's technology to be a great way to automate their underwriting.

Prospera will recognize local, small, Hispanic-owned businesses

Retrieved on: 
Tuesday, October 11, 2022

TAMPA, Fla., Oct. 10, 2022 /PRNewswire/ -- Prospera's traditional Hispanic Heritage Month celebration is returning in person with a new schedule and format after two years of virtual programs. Presented by Duke Energy, the 2022 Prospera Success Stories event was postponed from its original date due to Hurricane Ian, and will now take place on Thursday, October 20 from 9:00 a.m. to 11:00 a.m. at Armature Works in Tampa. It will gather local government, corporate executives, small business owners, key partners, and volunteers of Prospera.

Key Points: 
  • It will gather local government, corporate executives, small business owners, key partners, and volunteers of Prospera.
  • Five successful small businesses from Florida's West Coast region will be featured, selected among Prospera's local clients based on their demonstrated success and growth.
  • Representing various industries, they have received Prospera services for several years and, despite pandemic-related challenges, come out stronger than beforethe theme for this year's event.
  • The program will be led by Prospera Regional Vice President Fabian Yepez and will also highlight some of Prospera's funders, volunteers, and partners.