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MidWest America FCU chooses to move to connected lending with Algebrik AI to win next-generation members

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Brings together PoS, LOS, Decisioning, and Analytics to better serve their communities & employees by removing friction, improving efficiencies & meeting the members where they are. 

NEW YORK, June 29, 2026 /PRNewswire/ — Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City and pioneering the world’s first cloud-native, AI-powered, digital-era Loan Origination Suite (LOS), today announced that MidWest America Federal Credit Union, a member-owned financial institution serving more than 51,000 members with approximately $1 billion in assets, has selected Algebrik One, end-to-end lending platform to unify point of sale, loan origination, decisioning, and portfolio analytics into a single connected lending experience.

The announcement reflects a broader shift underway across the credit union industry. As institutions navigate rising cost of funds, tighter margins, and growing member expectations for faster, more seamless borrowing experiences, lending performance is increasingly determined not by access to capital, but by the ability to execute consistently across the entire lending lifecycle.

Rather than optimizing individual steps, MidWest America chose Algebrik’s cloud-native, AI-powered platform to connect omnichannel Point of Sale (PoS), Loan Origination System (LOS), Decisioning Engine, and Portfolio Analytics into a single operational flow, reducing handoffs, improving consistency, and enabling faster, more predictable lending outcomes.

For MidWest America, the focus was not incremental improvement. It was greater control and the ability to cater to their members seamlessly.

“We were not looking to digitize what we already had. We were looking to remove the friction in how lending gets done,” said Shad Edwards, Chief Lending Officer at Midwest America FCU. “Our teams spend too much time navigating processes instead of serving members. If we can make lending more efficient, consistent, faster, and easier to execute, that directly translates into better member outcomes.”

From workflow automation to lending execution

Most digital lending journeys today do not fail because of lack of demand. They fail because of what happens after an application begins.

Across credit unions, 60 to 70 percent of applications are abandoned mid-flow, often after borrowers have already shared key information. At the same time, loan officers continue to spend hours each day navigating systems, validating data, and moving applications across stages before a decision can be made.

As volumes increase and margins tighten, that model becomes harder to sustain.

In most environments, origination and decisioning operate as separate layers. Applications are captured in one system, evaluated in another, and reviewed across multiple touchpoints. Each handoff introduces delay, inconsistency, and dependence on manual coordination.

MidWest America’s approach is to bring these layers together.

With Algebrik, borrower journeys across point-of-sale, loan origination, decisioning, and analytics operate as a connected flow. As an application progresses, the system captures inputs, validates information, determines eligibility in real time, and routes only exceptions for review.

What changes is not just how quickly a decision is made, but how consistently the entire journey is executed-from application to funding.

Why this matters now

Credit unions are not short on demand. They are operating in a more complex lending environment than they have in years.

MidWest America’s move reflects that shift.

“Credit unions today are not struggling because they lack demand. They are constrained by how lending gets executed internally,” said Pankaj Jain, Founder & CEO of Algebrik AI. “MidWest America approached this as an operating model decision. They wanted lending to be faster, yes, but more importantly, predictable and scalable without adding complexity.”

“We were not looking to digitize what we already had. We were looking to remove the variability in how lending gets done,” said David Shadburne, CEO of Midwest America FCU. “If we can make outcomes more consistent and reduce the back-and-forth in the process, that directly improves both member experience and how our teams operate day to day.”

What this enables for MidWest America FCU

With Algebrik AI, MidWest America aims to:

Deliver faster, more consistent lending experiences across all channelsReduce dependency on manual reviews and process navigationEnable loan officers to focus on complex, high-value member interactionsImprove approval speed, funding timelines, and overall operational efficiencyStrengthen compliance through embedded decisioning logic and audit-ready workflows

As credit unions look to modernize lending without adding operational complexity, platforms that connect origination, decisioning, and execution into a single flow are becoming critical.

To learn how Algebrik AI enables this shift, visit www.algebrik.ai or connect with the Algebrik team.

Follow Algebrik AI on LinkedIn: https://www.linkedin.com/company/algebrik-ai
Chat with the Algebrik AI team: letschat@algebrik.com

About Algebrik AI

Algebrik AI, headquartered in New York City, is the company behind Algebrik One: the world’s first cloud-native, AI-powered, digital-era Loan Origination Suite (LOS), designed for the next generation of members. In an industry that hasn’t seen significant innovation in lending technology in over 25 years, it was high time someone stepped in to help credit unions of all sizes regain their former glory.

Algebrik AI’s mission is to empower credit unions to attract, engage, grow, and retain next-gen members in today’s digital era while delivering faster credit, deeper insight, and more human lending experiences. With Algebrik One, an end-to-end lending suite that includes Digital Account Opening, Lender’s Cockpit (LOS), Omni-channel Point of Sale (PoS), Decision Engine, and Portfolio Analytics, we take on the heavy lifting; so credit unions can focus on helping the members and communities they serve. For more information, visit www.algebrik.ai

Media Contacts:
Prateek Samantaray
CMO
letschat@algebrik.com

About MidWest America Federal Credit Union

MidWest America Federal Credit Union is a member-owned financial cooperative headquartered in Fort Wayne, Indiana, serving more than 51,000 members with around $1Bn in assets.

Founded in 1936, the credit union has grown from its origins serving General Electric employees to a full-service institution offering a wide range of consumer financial products, including auto, personal, mortgage, and home equity lending.

Today, MidWest America operates a network of full-service branches and is guided by the credit union philosophy of “people helping people,” with a continued focus on delivering accessible financial services and supporting the communities it serves.

View original content to download multimedia:https://www.prnewswire.com/news-releases/midwest-america-fcu-chooses-to-move-to-connected-lending-with-algebrik-ai-to-win-next-generation-members-302813097.html

SOURCE Algebrik

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Colley Intelligence and CEO Ryan Colley Recognized by Chambers and Partners as Leading Business Intelligence & Investigations Providers

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WASHINGTON, June 29, 2026 /PRNewswire/ — Colley Intelligence, a full-service investigations, intelligence, and advisory firm, has been recognized by Chambers and Partners as a leading firm in Business Intelligence & Investigations. This marks the second consecutive year that Colley Intelligence has earned recognition from Chambers and Partners, and the first year that CEO Ryan Colley has been individually recognized.

Chambers and Partners is one of the world’s leading independent professional legal research companies, operating across 200 jurisdictions. Since its founding in 1990, Chambers has provided detailed rankings and insights into the world’s top lawyers, legal departments, law firms, and service providers. Its independent research-led approach is relied upon in more than 70 countries.

Chambers Business Intelligence & Investigations guide ranks leading specialists around the world, with coverage of litigation support services in the United States, the United Kingdom, Europe, the Middle East, Asia Pacific, and Latin America.

In its profile of Colley Intelligence, Chambers noted that the firm is known as a full-service investigations and intelligence advisory firm that advises law firms, investors, corporations, and influential individuals on sensitive, high-stakes, and especially contentious matters.

Ryan Colley, CEO of Colley Intelligence, was also recognized as a notable practitioner and key contact for the firm.

One respondent in the business intelligence and investigations area of the Chambers guide said this of the firm: “Colley Intelligence’s services are excellent, as is the work product. The pricing is competitive, and their responsiveness is excellent.”

“We pride ourselves on our agility and being the ‘go to’ for key executives at some of the world’s most successful companies, and for our work with international law firms,” said Ryan Colley. “This recognition from Chambers and Partners is especially meaningful because it reflects the trust that clients and advisors place in our team when navigating some of their toughest challenges or difficult moments.”

Colley Intelligence is a full-service investigations and intelligence advisory firm that advises law firms, companies, financial institutions, and private clients to navigate complex disputes, uncover actionable insights, and protect their value. Based in Washington, D.C., the firm provides litigation support, business intelligence, forensics, and advisory and consulting services to clients and their advisors around the world. For more information, visit colleyintelligence.com.

Contact: John P. David | T: 305-724-3903 | john@davidpr.com

View original content:https://www.prnewswire.com/news-releases/colley-intelligence-and-ceo-ryan-colley-recognized-by-chambers-and-partners-as-leading-business-intelligence–investigations-providers-302813581.html

SOURCE Colley Intelligence

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TESCO Strengthens Customer Confidence Through ISO 9001, ISO 17025, and ISO/IEC 27001 Certification

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Internationally recognized standards validate TESCO’s commitment to quality, technical competence, and cybersecurity across its utility solutions portfolio.

BRISTOL, Pa., June 29, 2026 /PRNewswire/ — TESCO Metering, a leading provider of metering equipment, meter testing solutions, field services, technical training, and Advanced Metering Infrastructure (AMI) solutions, today announced the continued maintenance of its enterprise-wide ISO 9001 and ISO/IEC 27001 certifications, along with its ISO 17025 laboratory accreditation.

Together, these internationally recognized standards demonstrate TESCO’s commitment to delivering high-quality products and services, technically valid testing and calibration results, and a comprehensive, risk-based approach to information security that supports utility customers throughout North America and around the world.

As utilities modernize infrastructure, deploy Advanced Metering Infrastructure (AMI), strengthen cybersecurity programs, and manage increasingly complex regulatory requirements, the need for trusted partners has never been greater. TESCO’s integrated management systems provide customers with confidence that products, services, testing activities, and information management processes are governed by rigorous international standards.

“Trust is earned through consistent performance, technical competence, and responsible stewardship of information,” said Tom Lawton, President and CEO of TESCO Metering. “Maintaining ISO 9001 certification, ISO 17025 laboratory accreditation, and ISO/IEC 27001 certification demonstrates our long-term commitment to providing utilities with reliable solutions, accurate results, and secure business practices that help them operate with confidence.”

Protecting Information Through ISO/IEC 27001

As utilities continue to digitize operations, expand Advanced Metering Infrastructure (AMI), and deploy connected technologies, cybersecurity and data privacy have become mission-critical priorities.

TESCO maintains an Information Security Management System (ISMS) certified to ISO/IEC 27001, the globally recognized standard for information security management. The ISMS provides a comprehensive, risk-based framework that helps protect customer information, business information, and critical operational data through structured governance, documented processes, and continual improvement.

TESCO’s ISMS is audited internally and externally by independent certification bodies and addresses people, processes, technology, and governance across the organization.

The system includes:

Enterprise-wide information security controlsCybersecurity risk assessment and mitigation processesData privacy protection measuresCompliance with applicable legal, regulatory, and statutory requirementsExecutive management oversight and continual improvement activities

TESCO’s current Statement of Applicability, dated January 6, 2026, includes all ISO/IEC 27001 Annex controls and reflects the organization’s comprehensive approach to information security and cybersecurity risk management.

Ensuring Technical Competence Through ISO 17025

ISO 17025 is the international standard for testing and calibration laboratories and serves as the global benchmark for laboratory competence.

TESCO’s ISO 17025 laboratory accreditation demonstrates that testing and calibration activities are performed using validated methods, controlled processes, qualified personnel, and traceable measurements that produce technically valid results.

For utility customers, ISO 17025 accreditation provides confidence that:

Testing and calibration activities meet internationally accepted standardsMeasurement results are accurate, repeatable, and traceableLaboratory personnel possess demonstrated technical competenceEquipment and procedures are regularly evaluated and maintainedResults can be trusted for critical metering and utility applications

This accreditation reinforces TESCO’s longstanding reputation as a trusted technical authority within the utility metering industry.

Delivering Operational Excellence Through ISO 9001

ISO 9001 is the world’s most widely recognized quality management standard and establishes a framework for process consistency, customer focus, risk management, corrective action, and continual improvement.

TESCO’s ISO 9001-certified Quality Management System helps ensure:

Consistent product and service qualityStrong process control and operational disciplineContinuous improvement throughout the organizationIncreased customer satisfaction and responsivenessReduced operational risk and enhanced efficiency

By maintaining ISO 9001 certification, TESCO demonstrates a company-wide commitment to meeting customer requirements while continually improving performance across every aspect of its operations.

A Foundation for Continuous Improvement

Maintaining ISO 9001 certification, ISO 17025 laboratory accreditation, and ISO/IEC 27001 certification requires ongoing internal audits, management reviews, risk assessments, corrective actions, and continual improvement activities.

Together, these internationally recognized standards create a robust operational framework that strengthens customer trust while helping TESCO:

Reduce operational and cybersecurity riskImprove organizational efficiency and effectivenessSupport regulatory and compliance requirementsEnhance business resilience and sustainabilityDeliver reliable, secure, and technically competent solutions to the utility industry

This integrated management approach enables TESCO to continuously improve its products, services, testing activities, and information security practices while providing customers with confidence that they are partnering with an organization committed to operational excellence.

For utilities, meter service providers, manufacturers, and energy organizations, TESCO’s maintenance of ISO 9001 certification, ISO 17025 laboratory accreditation, and ISO/IEC 27001 certification provides assurance that the company operates under internationally recognized standards for quality, laboratory competence, and information security. Together, these standards help customers reduce risk, improve compliance, strengthen cybersecurity readiness, and maintain confidence in critical metering operations and infrastructure investments.

About TESCO Metering

Founded in 1904, TESCO Metering is the industry leader in electric utility metering equipment, meter testing solutions, field services, technical training, and engineered utility systems. For more than 120 years, electric utilities, meter service providers, manufacturers, and energy organizations have trusted TESCO to improve safety, accuracy, reliability, and operational performance across the meter lifecycle.

TESCO designs, manufactures, and supports a comprehensive portfolio of metering products and solutions, including meter testing systems, field test equipment, artificial loads, burdens, test switches, optical probes, AMI deployment and communication solutions, EVSE testing equipment, statistical sampling systems, ultrasonic cleaning solutions, meter shop infrastructure, and custom engineered systems.

TESCO maintains enterprise-wide ISO 9001 and ISO/IEC 27001 certifications, as well as ISO 17025 laboratory accreditation, demonstrating its commitment to quality management, technical competence, and information security. These internationally recognized standards help ensure reliable products and services, technically valid results, and secure business practices for customers throughout the utility industry.

Headquartered in Bristol, Pennsylvania, TESCO serves customers throughout North America and around the world with innovative solutions, expert technical support, and a commitment to continuous improvement.

Reliable Results. Every Meter. Every Time.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tesco-strengthens-customer-confidence-through-iso-9001-iso-17025-and-isoiec-27001-certification-302813583.html

SOURCE TESCO – The Eastern Specialty Company

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THE NEW HARLEM RENAISSANCE DISTRICT GROUP TO LAUNCH SOCIO-ECONOMIC EMPOWERMENT INITIATIVES AND DEVELOPMENT CONFERENCE IN PARTNERSHIP WITH MUNICIPAL DATA & POWER (MDP)

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HRG Drops Landmark Initiative to Advance Community Ownership, Economic Development, Green Energy, Artificial Intelligence Infrastructure and Thousands of Good-Paying Jobs Across New York State

NEW YORK, June 29, 2026 /PRNewswire/ — Municipal Data & Power (MDP), in partnership with The New Harlem Renaissance Group (HRG), today announced its support for the newly established Harlem Renaissance District initiatives and plans to convene the inaugural Harlem Renaissance District Socio-Economic Empowerment, Ownership and Development Conference.

The New Harlem Renaissance District was established through the leadership of State Senator Cordell Cleare and signed into law by Governor Kathy Hochul. The HRG and this historic Conference is intended to serve as a catalyst for transformative initiatives that will bring together community leaders, elected officials, investors, entrepreneurs, developers, educators, cultural institutions, workforce organizations and technology innovators to develop a shared vision and actionable strategies for Harlem’s next century of growth, economic empowerment, community ownership and prosperity including arts & cultural preservation.

The event will also highlight Municipal Data & Power’s proposed New York State Data & Power Sovereignty Initiative and a planned New York Green Energy Bond Framework, aimed at strengthening energy security and redundancy, supporting artificial intelligence infrastructure, modernizing public infrastructure, expanding economic development programs and creating thousands of high-quality jobs throughout New York State.

Organizers describe the conference as a modern continuation of the original Harlem Renaissance movement—one focused not only on culture and artistic achievement, but also on ownership, capital formation, technology innovation, affordable housing, entrepreneurship and generational wealth creation.

“The original Harlem Renaissance changed the world culturally,” said Sir J.T. Thompson, Founder of The New Harlem Renaissance Group and its initiatives, Chairman of Municipal Data & Power, and Board Member of The Harlem Arts Alliance. “The New Harlem Renaissance District seeks to build upon that extraordinary legacy by creating a model where culture drives capital, capital creates ownership, and ownership generates long-term prosperity for Harlem residents, businesses and future generations.”

The organization will establish a Community Advisory Board and partner with local residents, business leaders, arts organizations, educational institutions and capital market participants to ensure that development remains inclusive, equitable and community-driven.

Conference Focus Areas

The conference agenda will include presentations, workshops, panel discussions and strategic planning sessions centered around the following key sectors:

Affordable Housing Development and Community Ownership ModelsCommercial and Mixed-Use Real Estate DevelopmentSmall Business Capital Access and Entrepreneurship ProgramsWorkforce Development and Career PathwaysTechnology, Artificial Intelligence and Innovation EcosystemsArts, Entertainment and Creative Economy DevelopmentCultural Tourism and Heritage PreservationEducation and Youth Advancement ProgramsHealth and Community Wellness InitiativesInfrastructure Modernization and Public Investment StrategiesEnergy Development and Sustainability ProgramsCommunity Wealth Building and Generational Ownership Models

A major focus of the conference will be the introduction of the proposed Harlem Renaissance District Capital Initiatives Program, a comprehensive framework intended to attract public, private and philanthropic investment into strategic projects that strengthen Harlem’s economic foundation while preserving its unique cultural identity.

Conference organizers will also unveil several signature initiatives envisioned under the Harlem Renaissance District platform, including The Harlem Walk of Fame™ on historic 125th Street, Technology-enabled cultural tourism and digital experiences, Entrepreneurial incubators and innovation centers, Job creation and workforce development programs, and Community ownership and wealth-building initiatives

These efforts will be further galvanized through the annual Harlem Renaissance Legacy Awards, Harlem Walk of Fame Inductions, and the publication of an annual State of the Harlem Renaissance District Report measuring progress and impact.

The conference will also explore how Harlem can actively participate in New York State’s emerging artificial intelligence, energy and digital infrastructure economy through alignment with MDP’s proposed Data & Power Sovereignty Initiative. Under the proposal, future statewide economic development investments could support projects integrating technology, workforce development, entrepreneurship, housing and community revitalization throughout Harlem and neighboring communities.

According to Municipal Data & Power leadership, the proposed New York Green Energy Bond Initiative represents one of the most ambitious economic development frameworks ever contemplated for New York State. The initiative includes proposed investments in State partnered and revenue sharing on advanced data centers, resilient micro-power grids, energy infrastructure, workforce development and housing, and community funding initiatives statewide funding by MDP Green Energy Bond.

MDP leadership believes these investments could position New York as a national leader in artificial intelligence, advanced manufacturing, clean energy and digital infrastructure while creating substantial employment opportunities and strengthening long-term economic competitiveness.

“The future economy will be driven by ownership of data, power, technology and infrastructure,” said Henry Whitlow, Chief Executive Officer of Municipal Data & Power. “Our goal is to ensure communities like Harlem are active participants and beneficiaries in that future rather than observers. The Harlem Renaissance District represents an opportunity to align culture, innovation and investment into a model that creates measurable economic empowerment and generational opportunity.”

The conference will also provide opportunities for investors, foundations, corporations, educational institutions and government agencies to explore partnership opportunities supporting Harlem Renaissance District initiatives and related statewide development efforts.

In addition, organizers will introduce the Harlem Renaissance District Foundation, a community-focused entity dedicated to supporting cultural preservation, educational advancement, affordable housing initiatives, entrepreneurship programs and long-term community stewardship. Working alongside The New Harlem Renaissance Group, the Foundation will help ensure that economic growth remains aligned with community priorities and principles of inclusive development.

Organizers expect attendance from elected officials, economic development agencies, financial institutions, community organizations, cultural leaders, developers, investors, entrepreneurs, educational institutions, labor organizations and technology companies interested in participating in Harlem’s next chapter of growth and opportunity.

More information will be released in the coming weeks regarding conference dates, participation, sponsorships, and partnerships.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-new-harlem-renaissance-district-group-to-launch-socio-economic-empowerment-initiatives-and-development-conference-in-partnership-with-municipal-data–power-mdp-302813584.html

SOURCE Municipal Data & Power

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