Debunking three myths about the cloud for credit unions

Even though it’s been around for quite a while, cloud computing still suffers from a few common misconceptions. There are three myths in particular that need to be debunked. Moving to the cloud, for credit unions, is more a matter of when, not if, and it’s best to know what you’re getting into.

The three myths that we hear most often regarding the cloud for credit unions are:

  • It costs too much money
  • Losing “control” of the data makes it less secure
  • IT staffing will need to change

While those concerns are certainly reasonable, the reality is that none are particularly valid. In this blog, we’ll look at each of the three myths and explore reasons why credit unions shouldn’t fear them—or the cloud.


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