MeridianLink Partners with MoveCU Bringing the Next Generation of Members to Credit Unions
Fintech Duo Sets their Sights on Making the Credit Union Industry a Household Brand
Santa Barbara, CA: MoveCU Inc., an innovative credit union marketplace technology firm, announces a corporate partnership with MeridianLink and the integration with their loan and deposit platform. The partnership teams MoveCU up with an industry leader who already serves over 1,000 credit unions across the country. This pairing gives MoveCU the market opportunity they need to scale rapidly.
Brad Pizer, CEO of MoveCU states that “Our partnership with MeridianLink and their credit union clientele greatly improves our infrastructure and sets the foundation of our business. We can now move with confidence and pace towards our ultimate goal of developing the best online financial service tool. Credit unions were the best kept secret in all of banking, until now.”
Here’s how it works. Consumers looking for an online loan visit MoveCU, and submit a simple one-page application and MoveCU shows them multiple pre-qualified offers based upon each credit union’s specific lending criteria and membership eligibility. When they choose an offer their application and credit information are sent securely and directly to the lenders loan origination system for funding. To date 92% of the pre-qualified loans sent from MoveCU to credit union clients are in fact approved. The platform also has cross-sell offers that can auto populate through data obtained in the credit file or chosen specifically by each credit union.
“Today it more important than ever for lenders to work with fintechs,” said Doug Glagola, Vice President of Enterprise Solutions for MeridianLink “that’s why we partnered with MoveCU. Information must be integrated seamlessly with our client’s system, otherwise it’s incredibly difficult to provide the instant, accurate, and reliable experiences members expect.”
Credit unions consistently beat banks on price, service, and customer satisfaction but are hiding in plain sight. Research indicates 72% of millennials prefer to buy everything on the web from shoes to checking accounts. MoveCU’s robust and automated loan-decisioning platform takes dead aim at Millennials. In fact, their average consumer is just 34 years old. MoveCU’s software and marketplace technology increases distribution and awareness for credit unions, allowing them to compete against the latest peer to peer lenders and major banks.
About MeridianLink: MeridianLink, Inc., developer of the industry’s first multi-channel account opening and loan origination platform, is a leading provider of enterprise business solutions for financial service organizations. The company’s passion for excellence is reflected in their web-based credit reporting, lending and new account opening/deposit technologies, which all enjoy solid reputations as being cutting edge, reliable and affordable. Based in Costa Mesa, California, MeridianLink is committed to creating smart solutions that deliver real value. For more information, visit www.meridianlink.com
About MoveCU, Inc.: MoveCU is the nation’s first credit union loan marketplace providing our clients with industry leading technology to enable shoppers to compare, apply and be instantly approved for the lowest rates on auto loans, mortgages, credit cards and more. Our vision is simple; create a platform that allows all credit unions to operate under one hub, which gives consumers an easy to use best priced financial storefront. For more information visit, www.movecu.com