TAPP Engine’s 9Squid Private Markets: First to Democratize Securitization for AllCredit Unions*

9Squid Private Markets, a subsidiary of TAPP Engine, today announced the launch of an AI-powered private markets platform built for credit unions and community finance institutions of all asset sizes, including community and regional banks. The platform delivers loan securitization, providing a streamlined and lower-friction path to institutional investors through a private distribution framework.

Securitization for All
U.S. credit unions hold approximately $2.4 trillion in assets and more than $1.7 trillion in consumer loans, according to the latest report on federally insured credit unions from National Credit Union Administration (NCUA) 1 . Community finance institutions, including community and regional banks, hold an additional $6 trillion in assets and over $4.1 trillion in consumer, small business, and commercial loans, according to the Independent Community Bankers of America (ICBA) 2 . Despite this scale, securitization remains underutilized due to cost, structural complexity, and minimum size thresholds.

As a result, many institutions have historically been excluded from institutional private credit markets. 9Squid is designed to reduce these barriers and enable faster, more efficient access to institutional capital. To view platform details visit https://www.9squid.ai

“Community institutions play a central role in capital formation, yet many have been priced out of securitization markets,” said Tosin Osunsanya, Founder and CEO of TAPP Engine. “9Squid brings securitization, balance sheet modeling, in AI-powered platform built for credit unions and community finance institutions of all sizes. It provides a repeatable and efficient path to institutional capital while preserving cooperative governance and relationship banking.”

Securitization Simplified
A core capability of the platform is balance sheet impact simulation and optimization. Institutions can evaluate securitization scenarios prior to execution, including projected impacts on liquidity, capital ratios, earnings, and concentration exposure. This enables disciplined decision-making, and positions securitization as an ongoing balance sheet management tool rather than a one-time transaction.

“What stood out was the ability to understand balance sheet outcomes before committing to a transaction,” said Michael Massey, President of TDECU Holdings. “That level of visibility allows credit unions to evaluate securitization as a practical and repeatable balance sheet strategy.”

9Squid also offers a programmatic alternative to traditional loan participation. Instead of relying on resource-intensive bilateral or club-based participations, credit unions and community finance institutions can use repeatable securitization to manage liquidity, growth, and risk, with direct distribution to institutional investors through the platform. The platform currently supports securitization of personal loans, auto loans, and home equity lines of credit using regulator-aligned structures.

Five credit unions are in the initial pipeline, with broader onboarding planned for credit unions and community finance institutions of all sizes.

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