TDECU invests in data analytics CUSO, OnApproach
MINNEAPOLIS, MN (January 11, 2018) — OnApproach (www.onapproach.com), the leading provider of data/analytics solutions for credit unions, is excited to announce TDECU (asset size: $3.13 Billion, core processor: Fiserv – DNA) of Lake Jackson, TX has invested in OnApproach, a Credit Union Service Organization (CUSO). In addition to investing, TDECU had also selected OnApproach as its Big Data/Analytics provider in November 2017.
Courtland Crouchet, SVP – Chief Retail Officer, TDECU, stated, “We are excited to support OnApproach’s vision for advancing the impact of the credit union movement. It is vital for the entire credit union industry to realize the importance of building and executing an effective data strategy. OnApproach makes it possible for all credit unions to collaborate while leveraging the power of their own data, but without the traditionally high costs of analytics, and we are proud to be a part of this mission.”
With rapidly increasing member expectations and fintech disruption, credit unions are forced to adapt their traditional business models. A proper data strategy and digital transformation are key to the continued success of credit unions as we know them. With these elements, financial institutions can strengthen member relationships, improve financial performance, and confidently make data-driven decisions through the use of reliable enterprise data. TDECU’s investment in the CUSO, OnApproach, will help to make these goals attainable for all credit unions.
“Digital transformation is vital for credit unions in 2018, and a scalable and reliable data solution is a critical piece of the digital transformation process. It is great to work with organizations such as TDECU that understand the value of data analytics and want to help transform the industry as a whole. We appreciate the support from the TDECU team, and we look forward to continuing to work with them to revolutionize credit union analytics,” 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
Founded in 1955, TDECU is a not-for-profit financial cooperative with more than 270,000 Members and over $3 billion in assets. TDECU currently has 42 service locations, including 36 Member Centers, and offers a complete selection of convenient, innovative, and competitive products and services, including a full suite of deposit products as well as mortgage, auto and personal loan products, online and mobile banking. TDECU also offers, through its subsidiaries, retirement planning and wealth management, personal and business insurance products. Members can also access a worldwide network of over 55,000 surcharge-free ATMs.