Minnco Credit Union has selected the Document Tracking module within Suntell’s Square 1 Credit Suite® to strengthen the way its commercial lending team monitors required documentation and manages outstanding loan exceptions.
Founded in 1935, Minnco Credit Union has grown from seven individuals pooling their savings to an organization serving more than 36,000 members. In addition to its two Cambridge, Minnesota locations, Minnco serves members through offices in Isanti, North Branch, Andover, Big Lake, Princeton and Vadnais Heights.
“We selected Suntell’s Square 1 Credit Suite to modernize our commercial lending operations through an integrated platform that improves efficiency and strengthens credit risk management,” said Bruce Montgomery, vice president of commercial lending for Minnco Credit Union. “We started with the tickler system as that is our immediate need but are grateful that Suntell has additional products that we can add as our department grows.”
As Minnco continues helping local businesses start, expand and invest in their futures, Suntell’s Document Tracking solution will give its commercial lending team a more consistent way to identify missing, expiring or outstanding documentation and follow those items through resolution.
“Strong exception management requires clear visibility and consistent follow-through,” said Ronnie Wooten, CEO of Suntell. “We are pleased to help Minnco Credit Union give its team a more efficient way to monitor documentation requirements and address outstanding items as its commercial lending program continues to grow.”
Suntell’s Document Tracking solution helps financial institutions monitor required loan and borrower documentation, identify outstanding or expired items and manage follow-up responsibilities. The module is part of Suntell’s Square 1 Credit Suite, which supports commercial and agricultural lending operations.
By centralizing document and exception tracking, Minnco can improve consistency, strengthen accountability and give team members clearer visibility into items requiring attention. The solution will also provide a scalable process for managing documentation requirements as Minnco’s commercial loan portfolio grows.
