Meritrust Credit Union partners with OnApproach to replace data warehouse with scalable collaborative analytics platform
MINNEAPOLIS, MN (July 19, 2018) — OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce Meritrust Credit Union (Wichita, KS) is the latest to join the collaborative Credit Union Data Integration and Analytics Ecosystem after signing an agreement to implement OnApproach M360 Enterprise.
“Analytics is a strategic priority at Meritrust Credit Union,” stated James Nastars, President/CEO, Meritrust Credit Union. “We have been fortunate to have a technically qualified IT and Data Systems team capable of building and leveraging a custom data warehouse to service our analytics needs to this point. Meritrust’s data warehouse has helped us to realize the potential for analytics. It has also helped us to determine it is imperative to place ourselves in the best possible position to leverage data as we grow our organization. A fully functional standalone data warehouse is not enough to prepare for what’s ahead. OnApproach’s platform solution provides great opportunities to effectively collaborate with other credit unions, and scale with the continued growth of our organization, our members, and our data. We look forward to participating on the rapidly-growing M360 platform and taking our data capabilities to the next level.”
Meritrust Credit Union (assets under management size $1.3 Billion, core processor: Fiserv – DNA) is in a rare class of credit unions that has been able to successfully integrate eight various data sources into a single data warehouse. However, after a deeper look at their data strategy and goals for the future, it became apparent that a standalone data warehouse would not provide Meritrust with the scalability required to approach advanced analytics. With M360 Enterprise, Meritrust 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. In contrast to Meritrust’s former data warehouse, Meritrust can now access reports and analytic applications that have been built across the industry, and they will be able to participate in the Caspian Data Lake, enabling new capabilities such as enhanced industry benchmarking and predictive analytics.
“We are very excited to work with Meritrust to introduce new analytics possibilities to their organization. There is a positive shift happening around the industry as credit unions are continuing to realize the importance of utilizing data and the value of collaborative analytics. We look forward enhancing Meritrust’s analytic capabilities, as well as the contributions they will make within the CU Analytics Ecosystem to continue to advance the entire credit union movement,” said Paul Ablack, CEO, 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 Meritrust Credit Union
Meritrust Credit Union is the leading and largest Kansas-chartered community credit union with 91,000 members and $1.5 billion in assets under management. Meritrust is open to the public with 15 branches in metro-Wichita, Junction City, Lawrence and Manhattan, Kansas. With a mission of improving the lives of members and the communities it serves, Meritrust offers members the products, services and tools they need to achieve their financial goals with confidence. For more information, visit meritrustcu.org.
Cliff Shoff, Vice President/Chief Technology Officer