Public vs Private: Which cloud is right for your credit union?

Before deciding to shift some of your operations to the cloud, its important to remember that cloud adoption is an overall business strategy for your CU, not just a function of IT. For most, a credit union cloud solution is in line with the CU’s overall business goals of increased efficiency and cost control, and its adoption will streamline many aspects of your operations. Once your cloud strategy is set, you have to decide what model of cloud will be best for your credit union.

Cloud computing has several service and deployment models which relate to how the cloud service is provided. These models include:

  • Private cloud: Operated solely for a credit union.
  • Public cloud: Shared by several organizations and available to any paying customer.

To decide what model of cloud is best for you, ask yourself these questions.

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