Gold Coast Federal Credit Union has selected Algebrik AI’s cloud-native loan origination platform to modernize its lending and account-opening processes, the companies announced today.

The Palm Beach, Fla.-based credit union will deploy Algebrik ONE, an AI-powered loan origination suite designed to automate lending workflows and support fully digital member experiences across web, mobile and branch channels, according to the release.

Algebrik said the platform replaces manual, review-driven processes and can reduce loan application abandonment rates, shorten processing time for lenders and enable loan approvals in minutes.

Gold Coast FCU President and Chief Executive Steve Bush said the credit union chose the platform to deliver faster digital lending while maintaining the relationship-focused service expected by members.

Algebrik AI, headquartered in New York, develops AI-powered lending and decisioning technology for credit unions. The company said its modular platform includes tools for underwriting automation, compliance monitoring and portfolio analytics.