Clutch, a FinTech startup providing digital loan and deposit origination solutions for credit unions, has partnered with TruStage, a provider of credit protection solutions for credit unions, to automate the selection of protection products for credit union members.
The partnership integrates real-time eligibility checks and pricing directly into the loan application process, enhancing both the member experience and operational efficiency, through the launch of of a new product, known as Protection Products: Plan Selection.
According to InsurTech Insights, the feature allows applicants to view protection options instantly, check eligibility, and select coverage in the same session. By automating previously manual tasks, the system reduces follow-up delays, increases product adoption, and improves attach rates.
The collaboration, backed by TruStage Ventures, reflects both companies’ focus on advancing digital transformation in financial services and embedding automation in Clutch’s lending flow.
Corrin Maier, Vice President of Lending Payment Protection at TruStage, said, “The launch underlines a strong commitment to innovation in the credit union ecosystem. Embedding real-time product selection and automated eligibility within Clutch’s lending flow enables credit unions to serve their members with greater speed, accuracy and confidence.”
Tamanna Kottwani, Head of Product at Clutch, said, “Manual follow-up has often hindered adoption of protection products, and the new system eliminates that bottleneck. By streamlining the process, credit unions can improve attach rates, accelerate funding and reduce back-office workload.”
Nicholas Hinrichsen, CEO and Co-Founder of Clutch, said, “The release moves Clutch closer to creating a fully self-serve digital lending experience and that the expanded partnership with TruStage will equip credit unions with the tools they need to drive both member value and operational efficiency.”
Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global
