The Atlantic Federal Credit Union Reduces Consumer Loan Account Opening Time from Two Days to Six Minutes with MANTL Loan Origination
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.
News Market Reaction – ALKT
In the Jul 8 session, ALKT declined 4.43%, reflecting a moderate negative market reaction. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 30 | platform milestone news | Positive | +6.6% | MANTL platform surpassing $40B deposits and 1M hours saved on openings |
| Jun 24 | partnership case study | Positive | +6.0% | Landmark Credit Union growth metrics using Alkami digital platform |
| Jun 17 | customer success news | Positive | -3.0% | Dupaco Credit Union deposit growth and account gains via MANTL |
| Jun 10 | open banking integration | Positive | -2.0% | FDX API integration with Yodlee to enhance data connectivity |
| May 27 | bank partnership win | Positive | +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.
Recent product and partnership announcements have produced mixed reactions, with two strong gains and two notable selloffs on broadly positive MANTL-related news.
Key Terms
loan origination financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
First credit union to go live on MANTL Loan Origination achieves
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
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
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.