The news: We recently covered Wells Fargo’s early entrance into the agentic AI realm. And we recommended that other financial institutions (FIs) explore how they could implement it, too—regardless of size. Now a smaller FI, Michigan-based Family Financial Credit Union, has announced its partnership with fintech start-up Algebrik AI to implement a new digital lending suite, per a press release.

The details: The platform, Algebrik One, uses agentic AI to manage the entire lending process—from digital account opening to loan decision-making and portfolio analytics. The technology enables the credit union to approve loans faster, fund them sooner, and more easily stay compliant with regulations.

It also includes tools for digital account opening, point-of-sale functionality across multiple channels, and managing the credit union's loan portfolios as well as an AI-powered decision engine.

Why this matters: Family Financial Credit Union will be one of the first smaller FIs to go public with its agentic AI offering. If it proves successful and customers like the experience—which could in turn draw more business to its loan products—it could inspire other institutions to pursue similar partnerships and offerings. We expect many more FIs of all sizes to announce agentic AI pilots in the near future.