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
COSTA MESA, CA (March 28, 2019) — MoveCU Inc., an innovative credit union marketplace technology firm, announces a partnership with MeridianLink® and their LoansPQ® platform. The partnership teams up MoveCU with an industry leader who already serves over 800 credit unions across the country. This pairing gives MoveCU a unique market opportunity to grow and scale rapidly.
Brad Pizer, CEO of MoveCU states, “Our partnership with MeridianLink greatly improves our infrastructure and market reach. We can now move with confidence and pace towards our ultimate goal of developing the best online financial service tool. Credit unions are 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. MoveCU shows them multiple pre-qualified offers based upon each participating credit union’s specific lending criteria and membership eligibility. When the consumer chooses an offer, their application and credit information
are sent securely and directly to the Credit Union’s LoansPQ loan origination system (LOS) for funding. To date, 92% of the pre-qualified loans sent from MoveCU to credit union clients are approved. The platform also allows each credit union to provide specific cross-sell offers to the new member that can auto populate through data obtained in the credit file.
“Today it is more important than ever for lenders to work with fintechs,” said Doug Glagola, Vice President of Enterprise Solutions for Meridian Link. “That’s why MeridianLink 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 outperform banks on price, service, and customer satisfaction but are hiding in plain sight. MoveCU’s robust software and automated marketplace technology increases distribution, awareness, and value for credit unions, allowing them to compete head to head against major banks and the latest peer to peer lenders.
About MeridianLink
MeridianLink® (NYSE: MLNK) empowers financial institutions and consumer reporting agencies to drive efficient growth. MeridianLink’s cloud-based digital lending, account opening, background screening, and data verification solutions leverage shared intelligence from a unified data platform, MeridianLink® One, to enable customers of all sizes to identify growth opportunities, effectively scale up, and support compliance efforts, all while powering an enhanced experience for staff and consumers alike.
For more than 25 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities. Learn more at 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 access to the best priced financial storefront. For more information visit, www.movecu.com
