Compeer Financial, a member‑owned Farm Credit cooperative that serves more than 70,000 member‑owners across Illinois, Minnesota and Wisconsin, has upgraded its lending operations with Fair Isaac Corporation’s Platform. The deployment, which supports decisioning for loans up to $5 million, is part of Compeer’s effort to provide timely capital to farmers and agribusinesses in a sector where capital access is critical.
The new platform has lifted straight‑through processing to 95 % for loans under $500,000 and nearly 70 % for loans between $1 million and $2 million, compared with lower rates under the legacy system. Loan‑volume throughput grew 52 % year‑over‑year, and the share of loans eligible for automated decisioning rose 14 %. Underwriters now save roughly 800 hours per month, and the cooperative has reached a milestone of $10 billion in automated lending application throughput.
Bill Moore, Chief Risk Officer, said, “Our client members, farmers and agribusinesses often need fast access to capital, and we needed a loan decisioning system that could scale demand while maintaining our rigorous risk standards.” Nikhil Behl, president of software at FICO, added, “The game‑changing nature of this level of decisioning speed and accuracy for the agricultural industry.”
Compeer’s adoption expands FICO’s addressable revenue base in the agricultural lending market and demonstrates the platform’s ability to deliver high‑volume, high‑quality decisioning for a traditionally underserved sector. The partnership also positions FICO to cross‑sell analytics and scale its AI‑driven decisioning globally, in line with its strategy to grow annual recurring revenue and deepen enterprise intelligence networks.
The deployment earned Compeer a 2026 FICO Industry Vanguard Award, recognizing the cooperative’s transformation of agricultural lending. The award underscores the strategic value of the partnership and highlights the broader trend of modernization in a cyclical sector where timely capital can drive productivity and growth.
With an asset base of $34.3 billion and a history rooted in the 2017 merger of three Farm Credit Services entities, Compeer is well positioned to leverage the FICO Platform’s cloud‑native capabilities to sustain its mission of championing rural America while delivering measurable operational efficiencies.
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