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FedChoice Federal Credit Union Expands Use of MeridianLink One, Going Live With MeridianLink Insight
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On March 23, 2023, MeridianLink (NYSE: MLNK) announced that FedChoice Federal Credit Union is utilizing MeridianLink Insight, enhancing loan decisioning and customer segmentation. This integration allows faster processing times and improved member experiences through real-time data analysis. The credit union also benefits from other MeridianLink products, streamlining account opening and lending operations. MeridianLink Insight aids in identifying operational bottlenecks, enabling swift resolutions and better borrower experiences, ultimately deepening financial relationships with members.
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FedChoice Federal Credit Union implements MeridianLink Insight for enhanced loan decision-making.
Integration leads to reduced processing times and improved member experience.
Utilization of multiple MeridianLink products streamlines operations and increases efficiency.
MeridianLink Insight helps identify operational bottlenecks, allowing for quick remediation.
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Credit Union uncovers high-value customer segments for accelerated loan decisioning using MeridianLink Insight
COSTA MESA, Calif.--(BUSINESS WIRE)--
MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced that FedChoice Federal Credit Union is live on MeridianLink® Insight, the business intelligence component of the company’s multi-product platform, MeridianLink® One. The credit union is already live with additional MeridianLink® products, including MeridianLink® Consumer, MeridianLink® Opening, MeridianLink® Portal, and MeridianLink® Engage.
“Today’s credit unions can benefit from the power of the MeridianLinkOne platform to offer members frictionless lending experiences and personalized offers while leveraging actionable insights to simplify workflows and reduce risk,” said Devesh Khare, chief product officer of MeridianLink. “We are proud that FedChoice Federal Credit Union chose MeridianLink Insight’s interactive analytical capabilities as a gateway to meaningful data-driven decision-making. The resulting new opportunities allowed them to deepen financial relationships with their members and provide a better lending experience.”
The credit union leverages MeridianLink Consumer, Opening, and Portal for loan origination and account opening. It has also completed several successful campaigns through Engage—a data-driven lending and deposit marketing automation solution—but sought to increase its breadth to segment additional audiences within its member database. MeridianLinkInsight—a solution that provides financial institutions access to their near-real-time origination data to make better business decisions faster—offered deeper insights to uncover high-value customer segments quickly while also highlighting opportunities to improve operations.
“Our biggest pain point was processing times,” said Brian Fleming, head of business intelligence for FedChoice Federal Credit Union. “The addition of Insight allowed us to shift from reactive to real-time management of the loan origination process by shortening the window between seeing results and acting on results.”
By utilizing the integrations available through MeridianLinkOne, the credit union can continue to create personalized communications to an even broader audience while providing a frictionless member experience and streamlining internal resources and processing times.
MeridianLink Insight can help financial institutions identify and understand the root causes of operational bottlenecks. With this deeper visibility, organizations can quickly remediate the bottlenecks to save time and improve the borrower experience.
To learn more about how FedChoice Federal Credit Union brings more value to its members, visit https://meridianlink.me/3Z4r2rB.
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 20 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities.
