LendKey, a leader in managing digital lending networks for credit unions and banks, today announced a partnership with Unqork, the leading no-code enterprise application platform. The new partnership positions LendKey to accelerate its direct and indirect lending solutions and provide its 335 lending partners with stronger tools for balance sheet optimization, liquidity management, and more streamlined reporting.

Similarly, programs like the lending-as-a-service platform LendKey work to connect users with low-cost repayment options from community banks and credit unions, allowing them to compare rates online and find loans with repayment options that suit their needs.

In some cases, partnering with a fintech requires members to switch from one website to another to conduct business, but the emergence of application program interfaces (APIs) is changing the structure of fintech-credit union relationships, said Vince Passione, CEO and founder of LendKey.

As LendKey celebrates $500 million in funded loans, there are plenty of other reasons to celebrate too, co-founder and CEO Vince Passione said.

As Americans continue to spend big on home improvement projects, banks are seizing the opportunity — both by embracing organic loan growth and by acquiring lenders focused on the renovation niche.

Christian Widhalm, Chief Revenue Officer at LendKey, writes about how credit unions are facing rising liquidity, weak asset growth and low yields.