CU*Answers recognized that credit unions needed a way to branch out from the traditional name-rank-and-serial-number details in the core processing membership files that could log social and life-cycle data to better manage member relationships, as well as interactions with members via automated channels. Thanks to the efforts of the attendees of the CU*Answers Data Boot Camp, what started as a simple vision of user-defined fields to “fill in the gaps” in member and account data tables has evolved into a new opportunity for credit union data analysts and thinkers to design the core processing database of the future.
“This is so much more than the just the ability to create a bunch of user-defined fields that will manage this data, from collection to maintenance to analysis,” said Randy Karnes, CEO. “Credit union data administrators will need to create a plan and work through gathering and managing how this new information will become part of the day-to-day responsibilities for their staff. But the increased yield of marketing and analysis efforts will greatly meet the needs of each membership.”
Using this feature as well as the new tool to add credit union comments to the Database Search feature will bring improved ways to manage ‘big data’.
About the Partner
CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE® processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded 40+ years ago, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing over 1.8 million members and $17 billion in credit union assets. For more information, visit cuanswers.com.
Representing a network of credit union owned CUSOs that have developed a capability for serving members in a whole new way, cuasterisk.com leverages the power and effectiveness of a collaborative network of business partners committed to coming together to provide credit unions a variety of popular services at competitive CUSO prices. The footprint of this network reaches over 600 credit unions nationwide and is designed to provide credit unions the opportunity to roll out new services faster to market and at a lower cost.