Cornerstone Resources and Cornerstone Foundation have announced their partnership with Credit Mountain, a fintech CUSO, to offer groundbreaking technology that will increase credit unions’ opportunities to engage with their members while providing personalized credit-improvement plans—all through a user-friendly mobile app.
“The Credit Mountain service goes beyond monitoring,” said Cornerstone Resources Chief Revenue Officer Ryan Dold. “It equips users with the tools needed to improve their credit health. Credit unions can track members’ progress and make offers that help them achieve their financial goals.”
The technology is now live and ready for prime time, and Cornerstone Resources is expanding the opportunity to include all credit unions.
“This is Cornerstone Foundation’s first-ever fintech venture, which began with a successful joint pilot program and seven forward-thinking credit unions,” said Cornerstone Foundation Executive Director Courtney Moran. “The Foundation also led a grant-writing initiative to secure funding from CUNA Mutual Group Foundation, United Way of Metropolitan Dallas, and the William and Sylvia Zale Foundation, while also catching the attention of FINRA Foundation.”
Pilot participants included Resource One Credit Union, WEOKIE Federal Credit Union, Allegiance Credit Union, Mobiloil Federal Credit Union, Communication Federal Credit Union, Beacon Federal Credit Union, and Santa Fe Credit Union.
“The path to product market fit—finding the right product calibration for the right customer—is the narrow strait that few startups get through successfully,” said Credit Mountain cofounder and CEO Nathan Pinto. “Having the Foundation by our side for the journey helped us know where to look, who to ask, and most importantly, what to create. It’s unlikely we would have created a product that resonates so well with the credit union industry without our partnership with the Cornerstone Foundation.”
“Credit Mountain blends the member-focus of credit unions with emerging technologies to deliver a personalized credit-improvement experience,” said cofounder and Chief Product Officer Frank Santoni. “We are grateful that the Cornerstone Foundation recognized the opportunity to partner with Credit Mountain.”
“It is a natural fit when you consider that Credit Mountain shares the same DNA for social impact with the credit union movement,” said Dold. “Cornerstone Resources is aligned with Credit Mountain founders in believing this solution will help credit unions meet strategic goals such as acquiring new members, offering credit counseling at scale, and increasing and diversifying their loan portfolios.”
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