Minnesota and Wisconsin Credit Union Leagues Announce Big Data Technology Agreement
Thursday, February 16, 2017
ST. PAUL, Minn. (February 16, 2017) - MnIPC, a wholly-owned subsidiary of the Minnesota Credit Union Network, is pleased to announce they have entered a strategic partnership with the W.C.U.L. Services Corp., a subsidiary of the Wisconsin Credit Union League to provide Big Data Analytics. In addition to the OnApproach M360 Enterprise, Wisconsin credit unions can now access the service bureau and hosting services provided by MnIPC. With the first league partnership of its kind, Wisconsin and Minnesota credit unions significantly benefit by joining the collaborative Credit Union Data Integration and Analytics Platform.
OnApproach is a CUSO that focuses on providing credit unions with the power to use data as a competitive advantage both independently and cooperatively. With OnApproach, credit unions can now harness the value of Big Data/Analytics through integration, advanced reporting, and predictive analytics. This deeper understanding of data allows credit unions to discover vital trends in member behavior, resulting in improved financial performance, reduced risk, and enriched relationships with members.
“As a low cost-high touch technology services provider built to serve credit unions, MnIPC is excited to work with Wisconsin Credit Unions to implement M360. The cooperative model makes it possible for credit unions of any size to perform advanced analytics without incurring the traditionally high costs. This collaboration with the Wisconsin League allows credit unions in both states to benefit from the collaborative business model and the opportunity to aggregate data on a wider basis,” said John Ferstl, Vice President - Network Service Corporation, of the Minnesota Credit Union Network.
According to Tara Krejcarek VP Strategic Partnerships-W.C.U.L. Services Corp. “We are thrilled with this partnership, because we know credit unions are sitting on a mountain of member data that could instantly, exponentially increase the amount of business that members choose to do with them instead of competitors, whether they are looking to finance a house, car, education or retirement. Through this new, strategic relationship to harness information about members’ needs, Wisconsin credit unions can connect the dots to improve service usage and become more members’ primary financial institution.”
About the Minnesota Credit Union Network
The Minnesota Credit Union Network is the state trade association for Minnesota’s credit unions. The Network, working in conjunction with the Credit Union National Association (CUNA), works to ensure the success, growth and vitality of our member credit unions by creating a positive public environment through leadership, political advocacy, education, awareness and regulatory assistance. The Network works on behalf of nearly 400 credit union locations that serve over 1.7 million members.
About W.C.U.L. Services Corp.
W.C.U.L. Services Corp., a wholly owned subsidiary of the Wisconsin Credit Union League, offers valuable products and services to Wisconsin credit unions that help them achieve their business objectives while reinvesting in the credit union movement through their League. The Wisconsin Credit Union League is the state trade association for Wisconsin credit unions, and helps more than140 credit unions achieve compliance, access education and conduct the advocacy that preserves not-for-profit financial cooperatives as a source of vital self-help for Wisconsin citizens and communities.
Minnesota Credit Union Network
Vice President Network Service Corporation
W.C.U.L. Services Corp.
Vice President-Strategic Partnership W.C.U.L. Services Corp.