OnApproach (www.onapproach.com), the leading provider of Big Data and Analytics for credit unions, is excited to announce Pen Air Federal Credit Union (asset size: $1.39 Billion, core processor: Symitar Episys) of Pensacola, FL has invested in OnApproach, a Credit Union Service Organization (CUSO). In addition to investing, Pen Air Federal Credit Union had also selected OnApproach as its Big Data/Analytics provider in October, 2017.
Stewart Ramsey, CEO/President, Pen Air Federal Credit Union, stated, “OnApproach’s vision for the credit union industry is forward-thinking and truly one-of-a-kind. Data analytics is driving a new age for credit unions, and we are proud to support OnApproach’s goal to drive credit union analytics and revolutionize the industry. Standardized data and collaborative analytics provide real opportunities for the credit union movement, and we are happy this CUSO investment will help to make these potentially challenging feats a reality for more financial institutions.”
The traditional financial services marketplace is rapidly changing with the emergence of disruptive fintech, evolving member expectations, and greater opportunities to improve organizational decision-making. Despite the challenges, a proper data strategy presents opportunities for credit unions that cannot be ignored. Credit unions can now build deeper relationships with members, discover vital trends in member behavior, and improve financial performance by uncovering the insights held within their valuable data. Pen Air FCU’s investment in OnApproach will help to make the dream of effective reporting and even advanced analytics a reality for more credit unions.
“Credit unions cannot afford to wait to implement their data strategies. As a CUSO, we exist to help make analytics achievable and affordable for all credit unions. Our investors play a significant role in making this possible. We are very thankful for the support from Pen Air Federal Credit Union and look forward to continuing to strengthen our relationship,” stated Paul Ablack, CEO, OnApproach.