First Northern Credit Union is implementing AI-driven financial calculators this month to improve the lending experience.  

The $336 million, Chicago-based credit union is replacing its existing financial calculator with AI-driven financial calculator provider Appli, Beth Small, director of marketing at First Northern Credit Union, told Bank Automation News. 

Appli calculators focus on: 

• Mortgage and home; 

• Auto loan; 

• RV and motor home; 

• Personal and signature loan; 

• Retirement; 

• Share certificate; and 

• Savings goals. 

“With our previous vendor, we were limited to only a handful of calculators,” Small said, noting that the previous calculators offered rate scraping and lead generation but did not offer customized payment calculation.  

“With Appli, a visitor is able to select their credit score range and see a payment more in line with their personal financial situation,” Small said. 

For example, the previous calculator might find that a consumer could qualify for an $850 monthly payment on a $40,000 car, but their actual payment could be $1,200 because they did not qualify for the best rate, Small said in an Aug. 28 release. 

Using AI-driven confidence models, Appli offers more customized calculations based on personalized insights like income, debt and potential credit score, Appli Chief Executive Tim Pranger previously told BAN on “The Buzz” podcast. 

Listen to Pranger on “The Buzz” here.  

Appli launched in October 2024 and eight clients are using its calculators, Pranger said. 

Check out our exclusive new bank industry data here.