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MemberClose welcomes Merck Employees Federal Credit Union to its expanding list of clients
MARLBOROUGH, MA (May 8, 2015) — MemberClose, the largest provider of a bundled mortgage settlement solution for credit unions, recently announced the addition of $1.9 billion Merck Employees Federal Credit Union in Rahway, New Jersey to its growing list of clients.
MemberClose, owned by the Cooperative Credit Union Association, Inc., provides a powerful and cost-effective settlement services platform for accessing nationally recognized vendors and service providers through a single website. With one username and password, credit unions can securely order from a suite of loan processing services that include, Credit Reports, Flood Determinations, AVMs, Gap Valuations, Full Appraisals, Property Reports, Lien Protection Tile Insurance, Loan Documents, Nationwide Closing Services, e-Recording, and much more.
“Merck Employees Federal Credit Union is among America’s financial services leaders in providing quality home equity and first mortgage loans to its members,” said Bob Delaney, Chief Operating Officer of MemberClose. “MemberClose has a proven track record of streamlining the processing on these loans resulting in savings for the credit union and even better service for the credit union member.”
“We selected MemberClose because of the efficiencies that the program will bring to our operation,” said Ray Del Nero, President/CEO of Merck Employees Federal Credit Union. “We pride ourselves on delivering best-in-class service to our members and MemberClose will assist us in achieving that goal.”
About Merck Employees Federal Credit Union
The Merck Employees Federal Credit Union is a not-for-profit cooperative that’s democratically controlled and wholly owned by its members. The credit union currently has over $1.9 billion in assets and serves more than 26,000 members. For more information visit MerckCU.com.
About MemberClose
Started in 2004, MemberClose is the largest supplier of a bundled settlement solution to credit unions. MemberClose provides a customized, web-based service that saves on the time it takes and the money it cost to process all types of home equity and first mortgage loans. For more information on MemberClose visit MemberClose.com.