FROM TERES (2002)
TO A CUSO (2017).
In 2002, Dan Chaney, Steve Maloney, and Bruce Callen founded Teres Solutions to give credit unions a loan origination system built for how they actually lend — not a bank platform retrofitted for CU workflows.
In 2017, alongside a founding group of credit unions, they reorganized as Sync1 Systems: a CUSO owned and operated by the credit unions it serves. The goal was structural, not cosmetic — aligning every incentive in the business with the long-term interest of owner CUs.
That alignment shows up in our pricing. Sync1 charges per funded loan, not per application. You only pay when a loan closes for a member — so we grow when you grow, and a denial costs us the same as it costs you: nothing.
More than 150 years of combined credit union lending experience sits behind that model. Every product decision, integration, and support call is shaped by people who have run a credit union — not analysts optimizing for quarterly returns.