OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce Pen Air Federal Credit Union (Pensacola, FL) is the latest to join the collaborative Credit Union Data Integration and Analytics Platform after signing an agreement to implement the OnApproach M360 Enterprise.
“It is important to us to have a scalable and forward-looking data warehouse solution that can easily grow with our needs. When evaluating solutions, OnApproach’s mission and vision for the industry made M360 Enterprise the clear choice for the data warehousing needs at our credit union. M360 Enterprise is the only collaborative enterprise solution that allows us to perform daily advanced analytics while maintaining ownership of our member data. We believe in the CUSO model and the collaborative approach to credit union analytics that OnApproach has developed. Through this partnership, we look forward to growing our relationship with OnApproach, as well as the relationships with our credit union members,” said Stewart Ramsey, CEO/President, Pen Air Federal Credit Union.
Pen Air Federal Credit Union (asset size: $1.3 Billion, core processor: Symitar – Episys) realized the need for an enterprise data solution in order to keep up with the evolving member expectations in financial services. In a time of increasing expectations and fintech competition, credit unions are in need of a data warehouse solution to provide powerful, easy, and validated analytics. This provides an opportunity for credit unions to better understand their members, and ultimately compete with the large banks and fintech startups that are slicing the most profitable products and services from credit unions. OnApproach provides an affordable and frictionless data experience, enabling credit unions to prove themselves as the superior financial service providers for their communities.
“Digital transformation has to be a top priority for credit unions in 2017. As competing large banks continue to create impactful data-driven member experiences, credit unions have been tasked with the challenge of keeping up. At OnApproach, we believe credit unions are in a great position to provide superior member experiences through collaboration and analytics. Pen Air Federal Credit Union is positioning themselves for a bright future by taking the first steps of the data analytics journey, and we look forward to being a part of their transformation,” said Paul Ablack, CEO, OnApproach.