MERIDIAN CREDIT UNION
David Baldarelli , SVP for Meridian Credit Union , keeps member quality of life and security at the heart of digital transformation
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A s a credit union , Meridian ( MCU ) is 100 % owned by its Members : their interests are first . Profits are returned to them not in dividend payments , but in the form of innovative products , technology and services along with a focus on community and overall member well-being .
“ We ’ re ruthlessly focused on our members and employees , we ’ re really all about focusing on wellbeing : financial , physical and mental ,” says David Baldarelli , SVP , Digital & Analytics and COO , motusbank .
Baldarelli led the campaign to develop motusbank , a subsidiary of Meridian . It took four years of heavy lifting – both technology build and regulatory approvals – before motus launched in April 2019 . The name Motus is Latin for new movement , representing disruption and rebellion , an idea MCU wants motusbank to embody , with a new movement in banking . This new movement is putting customer welfare and a sustainable relationship between the platform and its members at the forefront of its development .
DECEMBER 2019