Member Service Officer

Member Service Officer 1 (MSO
1)

Department: Member Services

Reports To: Branch Manager

FLSA Exempt: Non-Exempt

Date last updated: 04/01/2024

Summary: Provide information and support via various means (i.e., phone, internet, email) to lending partners and members regarding the credit union its products and services while ensuring the highest quality service. Examine, evaluate, and make decisions on member and non-member loan applications for consumer loans.

• Interview and evaluate the needs of members and potential members, identify appropriate member needs and cross-sell financial products that meet those needs.
• Serve membership by providing information and account service in a pleasant, professional and efficient manner.
• Open/close accounts, process stop payments, order cards, answer questions regarding deposit accounts, loan accounts, plastic cards, remote access, etc.
• Ensure complete and accurate documentation for loans and new accounts by gathering information and resolving uncertainties through inquiries with creditors, and/or members according to the credit union policy.
• Analyze and evaluate applicant’s financial status by reviewing credit information, determining debt-to-income ratios, estimating payments, determining collateral requirements and establishing collateral values, co-signer requirements and membership eligibility as defined by the policy.
• Possess general product knowledge relating to mortgage, home equity, and business loans for referral purposes.
• Complete outbound calls (2-2-2) to members, partner follow-up and other types of calls as requested by management.
• Assist other departments as necessary (i.e., collections, accounting, etc.).
• File claims for GAP, GAP Advantage, ADR and Debt Protection.
• Be well versed regarding credit union policies and procedures. Advise manager of external factors that may affect policy by suggesting policy modifications.
• Cross train other staff, as requested, on duties, functions, and responsibilities to assure proper back up.
• Follow proper member identification and security procedures and ensure that member and employee information is kept in the strictest confidence.
• Receive and payout money and keep records of money and negotiable instruments involved in financial transaction by performing Member Service Associate duties. See Member Service Associate job description for more information.
• Respond to member inquiries and requests regarding financial services and enter them into applicable computer systems and programs.
• Approve loans within specified limits OR refer to a manager with recommendations to obtain approval.
• Oversee timely loan closing and funding activities.
• Provide ongoing relationship servicing with current members to maintain goodwill and gain additional business.
• Assist members with problem resolution and account reconciliation.
• Responsible for Safe Deposit box transactions.
• Execute, key, and verify wire transfers.

This job has no supervisory responsibilities.

• Credibility: Provides reliable and accurate information, offers fully researched recommendations, instills customer confidence, supports organizational values and policies, takes responsibility for own actions and mistakes.
• Job Knowledge/Job Fit: Competent in required job skills and knowledge, exhibits ability to learn and apply new skills, keeps abreast of current developments, requires minimal supervision, displays understanding of how job relates to others, uses resources effectively.
• Conflict Resolution: Encourages open communications, confronts difficult situations, maintains objectivity, keeps emotions under control, uses negotiation skills to resolve conflicts.
• Cooperation: Establishes and maintains effective relations, exhibits tact and consideration, displays positive outlook and pleasant manner, offers assistance and support to co-workers, works cooperatively in group situations, works actively to resolve conflicts.
• Quality: Demonstrates accuracy and thoroughness, displays commitment to excellence, looks for ways to improve and promote quality, applies feedback to improve performance, monitors own work to ensure…