Dupaco Community Credit Union selects OnApproach M360TM Big Data/Analytics Solution
PLYMOUTH, MN (January 22, 2014) — OnApproach (www.onapproach.com), a leading provider of reporting and analytics solutions for credit unions, is pleased to announced that Dupaco Community Credit Union of Dubuque, Iowa has signed an agreement to implement the OA Enterprise (powered by OnApproach M360™) Big Data/Analytics Solution.
OnApproach is building a Big Data/Analytics Ecosystem for credit unions that will allow them to gain efficiencies and take advantage of the full potential of their data. A key foundational element of this ecosystem is the OnApproach M360™ Enterprise Solution, a credit union industry standard big data/analytics platform, from which credit unions can gain new insights and make fact-based decisions to drive overall business performance.
Dupaco Community was looking for a solution to integrate information from multiple sources in support of its efforts to build meaningful member relationships. Driven by an increasing number of product offerings and a widening variety of delivery channels (e.g. mobile), credit unions are facing the challenge of exponential member driven data growth. The ability to integrate disparate data sources into logical sets of connected data elements will enable credit unions to leverage critical information in delivering the right products and services to members at the right time and place.
Steve Ervolino, SVP Information Services and Technical Support, of Dupaco Community stated that “We had started down a path of building out our own data warehouse but decided that there were significant benefits to be gained in a strategic relationship with OnApproach. We look forward to standing up OnApproach M360 at Dupaco and being a contributor to the Big Data/Analytics Application Market”
Paul Ablack, CEO of OnApproach, said “We are thrilled to welcome Dupaco Community on two levels. First as an OnApproach client and secondly as developer/partner to help build out the OnApproach M360 Big Data/Analytics Ecosystem for the credit union industry.”
OnApproach is a CUSO that focuses on providing credit unions with the power to use data as a competitive advantage both independently and cooperatively. With OnApproach, credit unions can now harness the value of Big Data/Analytics through integration, advanced reporting, and predictive analytics. This deeper understanding of data allows credit unions to discover vital trends in member behavior, resulting in improved financial performance, reduced risk, and enriched relationships with members
About Dupaco Community Credit Union
Dupaco Community Credit Union is a not-for-profit, member-owned financial cooperative. It is dedicated to the financial sustainability of its members, and specializes in customized financial counseling, money advice and education. It offers savings, loans, investments, insurance and wealth management products for individuals and businesses. Dupaco serves residents in 42 counties throughout eastern Iowa, northwest Illinois and southwest Wisconsin. Chartered in 1948, membership totals more than 85,000 with assets exceeding $1.2 billion. Visit Dupaco at www.dupaco.com.