MeridianLink Software Helps A+ Federal Credit Union Boost Loan Volume
February 08 2024 - 9:05AM
Business Wire
Frictionless member experiences and end-end
digital workflows contributed to this success
MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern
software platforms for financial institutions and consumer
reporting agencies, today announced that A+ Federal Credit Union
(A+FCU) has selected MeridianLink® to update its loan origination
system, leveraging the Company’s multi-product platform,
MeridianLink® One. The credit union already uses MeridianLink®
Consumer, MeridianLink® Mortgage, MeridianLink® Portal, and
MeridianLink® Opening for business accounts, and recently added
MeridianLink® Consulting, MeridianLink® Engage, and MeridianLink®
Insight. The end-to-end digital platform enables the Texas-based
credit union to bundle data and technology to create enhanced
member and employee experiences.
With over 193,000 members and more than $2.6 billion in managed
assets, A+FCU has streamlined its loan origination process by
adopting the MeridianLink One platform. Its configurable offerings
enable A+FCU to enhance member relationships, access and learn from
business data to provide more personalized experiences, and approve
loans faster through automated decisioning. In fact, A+FCU doubled
its instant approval rates on consumer loans after making the
switch from six disparate loan origination platforms to the
streamlined capabilities of MeridianLink One.
“A+FCU benefits from increased efficiency in its workflow by
leveraging multiple MeridianLink solutions as part of the
MeridianLink One offering,” said Devesh Khare, chief product
officer at MeridianLink. “By working together, A+FCU has been
successful in decreasing turnaround times, enhancing reporting
analytics, and streamlining communication among members and
partners.”
This transformation has led to optimized digital capabilities
for A+FCU and improved the member experience for consumer and
mortgage loan applications. MeridianLink’s cross-sell capabilities
powered by its unified platform enable the credit union to
efficiently consult with members about additional lending options
based on their unique credit report information and other relevant
data, making it easier to deepen member relationships. Moving
forward, A+ FCU will incorporate the power of MeridianLink Engage
to reach new and existing members with timely and personalized
offers.
“Since partnering with MeridianLink, we’ve been more agile in
our business, we are solving problems quicker, and we are going to
market faster than before with initiatives that are most impactful
to our members,” said Amber Isaku, vice president of lending at A+
Federal Credit Union. “The MeridianLink One platform and its
data-driven, digital workflows provide a consistent end-to-end
digital lending experience, enabling us to innovate continuously to
offer the best digital experiences to our members.”
Additional information on MeridianLink and its products can be
found here.
ABOUT A+ FEDERAL CREDIT UNION
A+ Federal Credit Union was founded in 1949 by 50 Austin, Texas
teachers. Seventy-five years later, A+ Federal Credit Union is an
award-winning institution with over 193,000 members throughout the
community, over $2.6 billion in assets, over 500 employees, and 22
branches. A+ Federal Credit Union supports members with a full
range of financial products including home, auto, and personal
loans, checking and savings accounts, as well as digital banking
solutions for banking on the go. A+ Federal Credit Union continues
to have close relationships with local schools and provides free
financial education curricula for educators, engaging financial
education presentations for students, real-life money management
simulations for youth, high school branch locations, and unique
financial products designed for teachers. Learn more at
aplusfcu.org.
ABOUT MERIDIANLINK
MeridianLink® (NYSE: MLNK) powers digital lending and account
opening for financial institutions and provides data verification
solutions for consumer reporting agencies. MeridianLink’s scalable,
cloud-based platforms help customers build deeper relationships
with consumers through data-driven, personalized experiences across
the entire lending life cycle.
MeridianLink enables customers to accelerate revenue growth,
reduce risk, and exceed consumer expectations through seamless
digital experiences. Its partner marketplace supports hundreds of
integrations for tailored innovation. For more than 25 years,
MeridianLink has prioritized the democratization of lending for
consumers, businesses, and communities. Learn more at
www.meridianlink.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240208622500/en/
Becky Frost (714) 784-5839 media@meridianlink.com
MeridianLink (NYSE:MLNK)
Historical Stock Chart
From Mar 2024 to Apr 2024
MeridianLink (NYSE:MLNK)
Historical Stock Chart
From Apr 2023 to Apr 2024