Two more credit unions select CU Rise for data technology solutions and credit card analytics
VIENNA, VA (December 16, 2019) — Two more credit unions have chosen CU Rise Analytics LLC. as their data analytics partner. San Mateo Credit Union (SMCU), a $1 billion California credit union, engaged CU Rise after implementing a new core system. CU Rise is revamping their dashboards to accommodate the new system, optimizing and creating new dashboards to better extract key business intelligence insights, and fixing performance issues. Another $985 million California credit union, Los Angeles Police Federal Credit Union (LAPFCU) is utilizing CU Rise services to build a data to decision chain, which includes strategic planning of their data needs right from data discovery and aggregation, henceforth implementing data analytics and business intelligence solutions over it.
“We’re demonstrating to more credit unions that highly sophisticated, highly effective technology can be simple to use and deploy,” said CU Rise CEO Karan Bhalla. “This is really important for credit unions facing the adoption and integration of many technologies to succeed in the era of digitization.”
SMCU President and CEO Wade Painter said that through CU Rise’s business intelligence dashboards, the credit union is be able to access new levels of timely and relevant decision-making information. “We can instantly get a read on our most important performance indicators, and then drill deeply into the information to really understand trends,” he said.
Data science-powered dashboards use machine learning algorithms to extract accurate insights from vast amounts of data. CU Rise develops its custom interactive dashboards to ensure credit unions can make better strategic decisions with a true window into patterns and trends.
For LAPFCU, using BI tools like Tableau and Power BI, CU Rise has built a credit card analyzer that extracts, aggregates, and synthesizes credit card data from the credit union’s credit card payment processor. It uses a highly effective methodology to extract data insights across a multitude of factors that including activity segmentation, performance, risk, behaviors, and responsiveness – among many others. This allows LAPFCU to track the results of strategic initiatives and assess the performance and risk of its portfolio efficiently and cost-effectively.
Gino Cayanan, CFO at LAPFCU said “CU Rise has been a great analytical partner and the business impact of the work they are doing is far reaching. Apart from helping us with credit card portfolio management, they will help us assess the dollars leaving the credit union through ACH data analysis and devise strategies to bring them back and retain within.”
About CU Rise Analytics
CU Rise Analytics is a global CUSO helping credit unions leverage the power of data to better understand their members. CU Rise identifies the ideal intersections of member need and business opportunity, and provides cost-effective, actionable, manageable solutions that create high-impact results. It is a value-driven resource for data science, strategic best practices, and advisory services. Learn more at www.cu-rise.com.
About San Mateo Credit Union
Founded in 1952, San Mateo Credit Union remains committed to helping members achieve financial health. This simple mission has allowed us to grow—our asset size now exceeds $1 billion and we’re home to more than 90,000 members—but we will never outgrow that purpose. Membership is open to anyone who lives, works, worships or attends school throughout San Mateo County, Palo Alto and parts of San Francisco.
About Los Angeles Federal Credit Union
Los Angeles Police Federal Credit Union (LAPFCU) is based in Van Nuys, California and has been serving Los Angeles County law enforcement community and their families since 1936. The Credit Union, with assets of $985 million, currently serves 41,316 members through an expansive roster of savings and loans products and services.
