OnApproach (www.onapproach.com), the leading provider of Big Data and Analytics for credit unions, is pleased to announce Our Community Credit Union has invested in OnApproach, a Credit Union Service Organization (CUSO). Our Community also selected OnApproach as its Big Data/Analytics provider in 2016.
“We are excited to support OnApproach and their industry-changing vision. At Our Community Credit Union, providing exceptional service is a high priority. We realize it is becoming increasingly both beneficial and necessary to utilize the full potential of our data to do so. OnApproach has made it possible for us to utilize our data through the robust integration platform, and we look forward to experiencing OnApproach’s effect on the entire industry” said Bert Fisher, President and CEO, Our Community Credit Union.
The credit union industry is on the cusp of a significant challenge with the potential to disrupt the financial services landscape as we know it. Big Data/Analytics is driving a new breed of analytic competitors (e.g. - Lending Clubs, Apple Pay, Rocket Mortgage, etc.) into what has been a very traditional marketplace. These new entrants are interested in skimming the profitable transaction side of the business while leaving the less profitable and highly regulated settlement side to the banks and credit unions.
As a CUSO, OnApproach is fully committed to providing credit unions with the most robust, yet affordable, Big Data & Analytics solution. Paul Ablack, CEO of OnApproach, stated “The management team at Our Community Credit Union brings unique perspective to the credit union industry and we appreciate the opportunity to collaborate. We are thrilled to have them as an investor.”