Origence, a leading lending technology solutions provider for credit unions, announced it closed 2024 with $53 billion in funding and serving 2 million members.
The company’s market share among $1 billion credit unions has grown to over 55%. But the company supports 1,100 credit unions of all sizes, representing over 66 million members and nearly 20,000 auto dealers. And Origence continues its momentum into 2025, introducing new efficiencies to facilitate credit union loan growth and strengthen dealer relationships.
Last year, Origence signed 85 credit unions nationwide to use its arc OS loan and account origination platform and CUDL indirect lending platform to efficiently originate direct and indirect auto loans, leveraging the latest lending technology solutions.
Origence remained at the forefront of innovative fintech solutions throughout 2024 as credit unions using CUDL reached their fourth year as the leading lender in the country as an aggregate. And a growing number of credit unions modernized their lending solutions by adopting Origence’s document processing automation (DPA). By utilizing AI/ML, document processing automation processed, validated, and classified over 5 million documents, enhancing credit union efficiency, accuracy, and dealer relationships while reinforcing their roles as trusted auto financing partners in today’s competitive marketplace.
Origence also hit other notable milestones throughout 2024 as it celebrated its 30th anniversary serving credit unions and reaching $600 billion in funding since it started in 1994. The company had a special celebration at Lending Tech Live ’24 in San Diego, Calif., where hundreds of credit unions joined together and raised more than $130,000 for the Children’s Miracle Network. Origence’s annual wine auction raised a record $1.85 million for the Children’s Miracle Network earlier in the year.
Origence continues its momentum in 2025 with expanded efficiencies. With eContracting for CUDLÒ, credit unions benefit from a digital experience that reduces data errors with real-time validation, expedites funding by reducing contracts in transit, and adds efficiencies for managing higher loan volumes, creating a better buyer and dealer experience.
KEY QUOTE:
“Our accomplishments in 2024 reflect our unwavering commitment to delivering the ultimate origination experience for credit unions. We are dedicated to driving innovation for the future. By equipping credit unions with solutions that enhance efficiency, grow loan portfolios, and elevate member experiences, we’re helping them remain competitive.”
- Tony Boutelle, president and CEO of Origence
