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January. 27, 2021
CuneXus Posts Banner Year in 2020 – Acquired by CUNA Mutual Group, Secures 30 New Financial Institution Customers
CUNA Mutual Acquisition of CuneXus Coupled with New Customer Growth Reinforces Strong Trajectory for the Consumer Lending Automation Technology Company
Santa Rosa, Calif., January 27, 2021 – CuneXus, a leader in consumer lending automation and pioneer of Perpetual Loan Approval™, had a banner year in 2020 as the company was acquired by CUNA Mutual Group and brought on a record new financial institution clients, representing $63.7 billion in new assets under management and over four million new consumers.
CuneXus Solutions was co-founded by Dave Buerger, Darin Chong and John Reich in 2008. The company’s mission is to transform consumer lending by making it possible for lenders to deliver the personalized, automated, mobile borrowing experience that consumers have come to expect, while at the same time increasing loan volume and revenue.
Dave Buerger, Co-Founder & President of CuneXus, reflected, “The acquisition by CUNA Mutual in October 2020 marked a culmination of years of determination and hard work. I am so proud of the CuneXus team. We are excited to join the CUNA Mutual family and look forward to a bright future together.”
“As a key component of CUNA Mutual Group’s digital evolution, CuneXus adds critical development expertise and integration capabilities across our lending products portfolio,” said Ronny Chapman, SVP, Product Technology. “The momentum our partnership is generating in the financial services marketplace underscores the tremendous opportunity we have to co-develop a seamless, perpetual online lending experience for consumers and financial institutions alike.”
The uptick in client acquisition and strategic collaborations with companies such as TransUnion, a global information and insights company, and Pulsate, a mobile banking personalization software company, are demonstrative of CuneXus’ adaptability in the marketplace and drive to help its customers succeed. “It is with great pride that our team has been able to develop powerful partnerships, working together to get amazing results for our customers,” says Buerger.
“2020 was challenging for our country, but thanks to the resilience and adaptability of our team at CuneXus, we are blessed to continue on a high growth trajectory and to have the opportunity to help our customers adapt and thrive.”
Last year marked significant lifetime milestones for CuneXus. The company now powers the digital lending experience of nearly 20 million consumers in every major United States market, representing $435 billion in assets under management.
Our specialized sales and marketing systems focus on data-driven application-free lending that helps lenders maximize the profitability of existing customer relationships. CuneXus provides turn-key access to a powerful, award-winning consumer lending strategy that has been proven to optimize operational efficiency, cut costs, increase sales volume, and enhance customer experience and satisfaction. CuneXus’ pioneering technologies are at the forefront of the transition to a new era of customer empowerment through on-demand lending and borrowing.
For more information, visit www.cunexus.com.
About CUNA Mutual Group:
Built on the principle of “people helping people,” CUNA Mutual Group is a financially strong insurance, investment and financial services company that believes a brighter financial future should be accessible to everyone. Through our company culture, community engagement, and products and solutions, we are working to create a more equitable financial system that helps to improve the lives of those we serve and our society. For more information, visit www.cunamutual.com.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Corporate headquarters are located at 5910 Mineral Point Road, Madison, WI 53705.
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