Department of Commerce Federal Credit Union partners with OnApproach to integrate and optimize data
MINNEAPOLIS, MN (March 1, 2018) — OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce Department of Commerce Federal Credit Union (Washington, DC) is the latest to join the collaborative Credit Union Data Integration and Analytics Ecosystem after signing an agreement to implement OnApproach M360 Enterprise.
“The Department of Commerce Federal Credit Union is excited to be partnering with OnApproach for our data analytics needs. We will use data analytics right away for three needs.” stated Evan Clark, CEO, Department of Commerce Federal Credit Union. “First, data analytics will assist us in on boarding new members and ensuring that they are taking full advantage of all of our products and services. Secondly, we will be able to identify opportunities for lending to members not readily apparent without data analytics and optimization. And finally, data analytics will assist the credit union in identifying savings, borrowing and spending patterns of our members. This will enable us to design products and promotions created for maximum appeal to our members.”
Department of Commerce Federal Credit Union (asset size: $435 Million, core processor: Symitar – Episys), like thousands of other credit unions, has collected robust data in a variety of systems. However, it has been a challenge to elicit the value and insights from this data. With M360 Enterprise, DOCFCU now has access to a standardized data platform that provides cleansed data, a single source of truth, and access to the collaborative CU Analytics Ecosystem.
“We are excited to see Department of Commerce FCU taking this step in their data analytics journey. With evolving member expectations and disruptive threats facing the industry, implementing a true enterprise analytics solution is a necessity for credit unions. By taking advantage of the collaborative analytics platform, DOCFCU will be able to efficiently launch their analytics initiatives forward. It is great to work with another forward-thinking credit union, and we look forward to helping them achieve their vision,” said Paul Ablack, CEO, OnApproach.
About OnApproach
OnApproach is the only CUSO dedicated to credit union success through a collaborative analytics ecosystem. By providing a secure and frictionless data experience, OnApproach empowers credit unions to take full control of their own data and their own futures. We exist to serve the credit union movement with technology and expertise required for the digital transformation of the industry business model. OnApproach’s collaborative ecosystem enables communities of users, data scientists, and application developers focused on analytics innovation
About Department of Commerce Federal Credit Union
The Department of Commerce Federal Credit Union (DOCFCU), is a financial institution serving all of Washington, DC since 1932. Our goal is to serve all of our members well, including those of modest means, because every member counts. DOCFCU will be there for you in the bad times, as well as the good. Further, our people-first philosophy encourages employees and members alike to get involved with the community, charitable activities and worthwhile social causes.
