The Atlantic Federal Credit Union Reduces Consumer Loan Account Opening Time from Two Days to Six Minutes with MANTL Loan Origination

Alkami (Nasdaq: ALKT) announced that The Atlantic Federal Credit Union cut consumer loan account opening time from up to two days to about six minutes using MANTL Loan Origination on the Alkami platform.

Rhea-AI Summary

Alkami (Nasdaq: ALKT) announced that The Atlantic Federal Credit Union cut consumer loan account opening time from up to two days to about six minutes using MANTL Loan Origination on the Alkami platform.

The credit union, the first to go live on MANTL Loan Origination, reports an 80% personal loan application submission rate, automated membership enrollment, elimination of document collection for 67% of booked personal loans, and re-engagement of 80% of abandoned applications through automated reminders.

Positive

• First credit union live on MANTL Loan Origination, showcasing platform adoption
• Consumer loan account opening reduced from up to two days to six minutes
• 80% personal loan application submission rate reported
• Document collection eliminated for 67% of booked personal loans over 90 days
• Automated emails re-engaged 80% of abandoned applications
• Unified digital workflow for lending, membership, and deposits enhances operational efficiency

Negative

• None.

Argus Jul 8 session 6 alerts

-4.43% close to close 0.8x rel. volume Open Argus

Details

News Market Reaction – ALKT

$2.03B Market Cap

On Jul 8, the day this news came out, ALKT closed 4.43% below the previous close. Our momentum scanner recorded 6 alerts for this stock that day.

Data tracked by StockTitan Argus for the Jul 8 session.

Key Figures

Personal loan submission rate: 80% Legacy account opening time: 2 days New account opening time: 6 minutes +3 more

Personal loan submission rate

80%

Personal loan applications on MANTL Loan Origination

Legacy account opening time

2 days

Previous consumer loan account opening duration

New account opening time

6 minutes

Average consumer loan account opening using MANTL

No-document personal loans

67%

Booked personal loans without document collection over last 90 days

Lookback period

90 days

Period for booked personal loan document metrics

Abandoned applications re-engaged

80%

Abandoned loan applications re-engaged via automated emails

Historical Context

5 past events · Latest: Jun 30

5 events

1. Jun 30

   platform milestone news

   24h Move

   +6.6%

   MANTL platform surpassing $40B deposits and 1M hours saved on openings

2. Jun 24

   partnership case study

   24h Move

   +6.0%

   Landmark Credit Union growth metrics using Alkami digital platform

3. Jun 17

   customer success news

   24h Move

   -3.0%

   Dupaco Credit Union deposit growth and account gains via MANTL

4. Jun 10

   open banking integration

   24h Move

   -2.0%

   FDX API integration with Yodlee to enhance data connectivity

5. May 27

   bank partnership win

   24h Move

   +0.0%

   Citizens Bank selecting MANTL to automate most application decisions

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

loan origination

1 terms

loan origination financial

"first credit union to go live on MANTL Loan Origination achieves 80% personal loan"

Loan origination is the process a lender uses to create a new loan, from receiving an application and checking a borrower’s credit to setting the loan’s terms and approving or denying it. It matters to investors because the volume and quality of originated loans determine a lender’s revenue and risk exposure—like a factory that both produces goods and decides which ones meet quality standards, strong origination practices support growth while weak practices can lead to losses.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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First credit union to go live on MANTL Loan Origination achieves 80% personal loan submission rate, automates membership enrollment, and eliminates document collection for 67% of booked personal loans

PLANO, Texas, July 8, 2026 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced The Atlantic Federal Credit Union (The Atlantic FCU) has reduced consumer loan account opening time from as long as two days to just six minutes using MANTL Loan Origination. By bringing consumer lending, membership enrollment, and deposit account opening into a single digital workflow, the credit union has streamlined the borrower experience, accelerated funding, and improved operational efficiency across the organization.

As the first credit union to go live on MANTL Loan Origination, The Atlantic FCU is modernizing consumer lending through intelligent automation and a unified digital experience. In a new case study, the New Jersey-based credit union shares how it embedded membership eligibility and enrollment directly into the loan application process, reduced manual work for employees, increased application completion rates, and simplified the path from application to funding for prospective members across physical and digital banking channels.

With MANTL Loan Origination, The Atlantic FCU transformed its consumer lending experience by:

• Unifying and automating membership eligibility verification and creation directly within the loan application process to improve operational efficiency and member experience
• Achieving a six-minute average consumer loan account opening time
• Achieving an 80% application submission rate for personal loans
• Eliminating document collection for 67% of personal loans booked over the last 90 days
• Re-engaging 80% of abandoned applications through automated reminder emails

"MANTL Loan Origination is enhancing our lending process by enabling us to deliver a seamless, secure, and fully automated journey for members applying for consumer loans," said Adam Cadmus, chief experience officer at The Atlantic Federal Credit Union. "Today's consumers have more choices than ever, so delivering a frictionless borrowing experience is critical. What we've gained from MANTL is a seamless experience that's designed to minimize the amount of information applicants need to provide and allows us to scale our lending portfolio. By leveraging MANTL for both deposits and loans, we're creating a unified, end-to-end journey that scales our member experience, creates deeper relationships through cross-sell opportunities, and drives institution-wide growth."

As part of MANTL's Loan Origination development partner program, The Atlantic FCU worked alongside a cohort of development partners and Alkami's product engineering teams to help shape the Platform's evolution. The collaboration enabled the credit union to challenge legacy lending assumptions, streamline operational workflows, and contribute direct feedback that informed the development of a modern lending experience designed to meet the evolving needs of financial institutions and applicants.

"At Alkami, we believe the best products are built alongside the institutions that use them every day," said Benjamin Conant, chief product officer at Alkami. "The Atlantic FCU has been an exceptional partner in bringing our loan origination vision to life. Their hands-on collaboration and forward-thinking feedback directly shaped the platform, accelerating our ability to deliver a truly modern, automated lending solution. By becoming the first credit union to go live on MANTL Loan Origination, they've demonstrated real leadership and set a new standard for digital lending."

To learn more about how The Atlantic FCU transformed consumer lending with MANTL Loan Origination, download the full case study.

To learn how MANTL can transform your account opening process and empower your team, or to schedule a demo, click here.

To learn more about the Alkami Digital Sales & Service Platform, visit here. To request a demo, visit here.

About Alkami
Alkami provides a digital sales and service platform for U.S. banks and credit unions. Our unified Platform integrates onboarding, digital banking, and data and marketing—each solution can stand alone, but together they deliver more—to help institutions onboard, engage, and grow relationships. As the future shifts toward Anticipatory Banking, we help data-informed bankers meet the moment with technology that drives action.

About The Atlantic Federal Credit Union
The Atlantic Federal Credit Union was founded in 1935 as a not-for-profit financial cooperative to meet the savings and borrowing needs of members. Today, The Atlantic Federal Credit Union exclusively serves Essex and Union counties in New Jersey with financial wellness resources, competitive rates and technology-driven solutions for personal and business banking. For full eligibility criteria and more information, visit TheAtlanticFCU.com.

Media Relations Contacts
Vested
alkami@fullyvested.com

Marla Pieton
marla.pieton@alkami.com

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SOURCE Alkami Technology, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did The Atlantic Federal Credit Union improve loan account opening with Alkami (NASDAQ: ALKT)?

The Atlantic Federal Credit Union reduced consumer loan account opening time from up to two days to about six minutes. According to Alkami, this was achieved by using MANTL Loan Origination within a unified digital workflow for lending, membership enrollment, and deposit account opening.

What application completion rates did MANTL Loan Origination deliver for The Atlantic FCU and Alkami (ALKT)?

MANTL Loan Origination helped The Atlantic FCU reach an 80% personal loan application submission rate. According to Alkami, integrated eligibility checks, streamlined data collection, and automated reminders supported higher completion across both physical and digital banking channels.

How did MANTL Loan Origination affect document collection for The Atlantic FCU using Alkami (ALKT)?

MANTL Loan Origination eliminated document collection for 67% of booked personal loans over the last 90 days. According to Alkami, embedded verification and automation reduced manual paperwork, improving speed for borrowers and operational efficiency for the credit union’s staff.

How does Alkami’s MANTL Loan Origination re-engage abandoned applications for The Atlantic FCU?

The platform re-engages 80% of abandoned applications using automated reminder emails. According to Alkami, these reminders encourage applicants to return and finish their loan requests, lifting completion rates and supporting growth in the credit union’s lending portfolio.

Why is The Atlantic Federal Credit Union significant for Alkami (NASDAQ: ALKT) and MANTL Loan Origination?

The Atlantic FCU is the first credit union to go live on MANTL Loan Origination. According to Alkami, the credit union also participated in development programs, providing feedback that shaped the platform’s modern, automated lending experience for financial institutions.

How does using both deposits and loans on Alkami’s platform benefit The Atlantic FCU?

Using MANTL for both deposits and loans creates a unified, end-to-end member journey. According to Alkami, this integrated approach supports scalable member experiences, enables cross-sell opportunities, and is intended to drive institution-wide growth for the credit union.