Shareholder
Relations

Origence is the technology provider powering over one-third of all vehicle loans funded for the credit union industry in 2025. This scale reflects the strength of credit unions working together through channels they own and control. Through the CUDL^® indirect lending platform, credit unions collectively funded more auto loans than any other lender in the nation for the fifth consecutive year, outpacing Capital One, Ally, Toyota Financial Services, and Chase Auto Finance. In 2025, more than 2.2 million loans were funded through our platforms, representing $62 billion in total loans funded.

As a credit union service organization (CUSO), Origence provides credit unions with proprietary networks, meaningful cost advantages, and greater control over the technology that supports their mission. These connections between credit unions and dealers, borrowers and lenders, technology and trust, form the foundation of our competitive advantage.

Advancing our technology platform

In 2025, we accelerated development of arc OS for web, our browser-based loan and account origination system scheduled for launch in 2026. With this major platform investment, we’re taking what defines a modern LOS today—our best-in-class decision engine, low-code workflow automation, and AI-powered underwriting—and putting it on a path of fast and continuous evolution. The result is a future-proof platform credit unions can confidently build their lending operations around.

While newer market entrants spend years building APIs and integrations to meet client needs and close ecosystem gaps, credit unions using arc OS get a complete platform with robust connections to core systems, credit bureaus, and AI-enhanced capabilities, built in and production-ready.

Origence advanced AI adoption in 2025, integrating AI-powered Intelligent Underwriting Technologies into arc OS to improve decision speed and consistency while managing risk. Origence Lending Services leveraged AI to process over 30 million documents and support continuous, 24/7 operations. AI-driven partnerships further enhanced fraud detection and verification, improving funding speed and compliance. Our teams are leveraging agentic AI, including Claude and Microsoft Copilot, to reshape software development in real time—from rapid product prototyping to next-generation QA with millions of simulation tests—underscoring our commitment to responsible, high-impact AI adoption.

Expanding lending channels

Today’s consumer lending market spans multiple entry points and unique borrower journeys. Meeting borrowers across new digital and direct-to-consumer channels is critical for credit unions to remain competitive. Through our embedded lending solution, FI Connect, Origence unites credit unions with borrowers at key decision points in this new buying journey.

In 2025, FI Connect expanded into home improvement and digital retail automotive channels, adding to our EV financing through the Tesla website. Origence is the only credit union partner offering this complete spectrum, from indirect and direct lending to emerging embedded channels.

Strengthening our dealer network

The CUDL network connects more than 20,000 dealers with credit union lending, and Origence continues to advance the technology that enables these connections. In 2025, eContracting for CUDL^® moved into general market release, with growing adoption by credit unions and dealers.

We improved day-to-day F&I operations with new capabilities such as Credit Application Update and a Universal Credit Application, and integrated enhanced fraud prevention and compliance tools directly into the dealer workflow through a partnership with Informativ. These investments reinforce what makes CUDL the most powerful network in indirect lending.

Delivering shareholder value

Over the past two decades, Origence has distributed more than $30 million through 17 cash dividends and 2 stock dividends. In 2025, we revalued our stock upward, executed a 3-for-1 stock split, and declared our 17th cash dividend in company history.

We also launched the CU Direct Shareholder Portal, providing access to account details, tax documents, and dividend information. Together, these steps highlight our focus on rewarding long-term shareholder commitment while making ownership simpler and more transparent.

On behalf of the Board of Directors, Executive Team, and the entire Origence team, thank you for your partnership and trust in 2025. The connections we’ve built together power everything we do, and we’re energized by what’s ahead.