Compliance Connection
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Lending Services
Missouri Credit Union Association Lending Services can help your credit union serve your members' borrowing needs with a variety of programs developed specifically for credit unions. We also offer services to help you meet your members' other needs and boost your credit union's bottom line:
- LoanLink Center
- Sell Charge-Offs (Ascend United)
- Loan Processing Service (MemberClose)
- Loan Pre-Approval Program
LoanLink Center
Members demand service after hours and on weekends. Missouri Credit Union Association offers a 24-hour, 7 day a week lending and member service program for credit unions through the LoanLink Center.
The LoanLink Center opens opportunities for credit unions with shift workers, who may not have access to a branch location during normal business hours. It also helps loan staff handle overflow demand during peak hours or staff shortages. Members can even apply for consumer and home equity loans and credit cards by calling a LoanLink Center toll-free number dedicated to your credit union.
For more information, contact Tim Loveless, field representative. Call 1-800-392-3074 or e-mail tloveless@mcua.org. You can also visit the LoanLink Center Web site.
Sell Charge-Offs (Ascend United)
The Ascend United program increases recoveries by selling charged-off loans that collection agencies fail to recover within a reasonable time period. Key elements include the aggregation of multi-credit union loan pools that meet desired volume levels in the marketplace and obtain better pricing for credit unions. Ascend United incorporates a consultative approach that helps you benefit the most from internal and outsourced recovery programs.For more information, contact Tim Loveless, field representative. Call 1-800-392-3074 or e-mail tloveless@mcua.org. You can also visit the Ascend United Web site.
Loan Processing Service (MemberClose)
MemberClose makes loan processing faster, easier and more economical. MemberClose can help credit unions close all types of home equity loans safely and conveniently..jpg)
ValueCheckValueCheck Inc. provides instant, accurate real estate valuations. This service helps credit unions with streamlined access to residential real estate values and flood zone determinations. To learn more, click here, or contact your MCUA field representative.
Loan Pre-Approval Program
If you are looking for new ways to attract loan dollars to your credit union or reward members with better-than-average credit, the Loan Pre-Approval Program is the solution.
This program targets members who meet your credit union's criteria for services including new and refinanced auto loans, credit cards, home equity loans, and other lending products. You can qualify members for a pre-determined loan amount, special rates, or even products and services. You just provide the loan qualifications and policies, and we will send out the pre-approval letters, letter checks, or targeted direct mail piece to bring those members in.
