The Pulse (10-04-16)

Volume 5, Issue 40

The Pulse Archive

Application to Crash the GAC now open

 
 

The Cooperative Trust, in partnership with Credit Union National Association (CUNA), is now accepting applications for Crash the GAC 2017.

The Cooperative Trust, Credit Union National Association (CUNA) and the Minnesota Credit Union Network are joining forces in attempt to get 1 crasher from each state and the District of Columbia represented at this year’s Governmental Affairs Conference held Feb. 26 through March 2 in Washington D.C. This year, there will also be a 'wildcard' spot for a 52nd Crasher.

 

Every Crasher will receive a full conference registration from CUNA. Travel, hotel and food costs are the responsibility of the Crasher and their credit union. Young professionals are encouraged to apply for a Professional Development Grant from the Minnesota Credit Union Foundation to assist with travel expenses.

 

Applications are open until November 23. With questions, contact the Cooperative Trust. The Crash the GAC is brought to you by The Cooperative Trust, a program of Filene Research Institute, in partnership with CUNA.

 

 

Cooperative Network animated video promotes Co-op Month

Co-op Month has been celebrated annually in October across the United States for more than half a century. It is a time for cooperative businesses to reflect on their shared principles and to educate others about the value of belonging to a cooperative.

 

The Minnesota-Wisconsin based Cooperative Network has created an animated video promoting Co-op Month and the value of cooperatives.

 

 

More Co-op Month resources are available on the Cooperative Network website.

 


 

    

 

Minnesota Credit Unions Meet Fair Share Fundraising Goals



 

 

 

NCUA releases letter regarding supervision of CDFI-certified credit unions

 

CFPB approves use of new URLA beginning Jan. 1

 

FFIEC announces availability of 2015 HMDA data

 

View all Regulatory Compliance news stories



            
 

OnApproach Announces Industry Analytics Platform for Credit Unions

OnApproach, a leading provider of Big Data and Analytics solutions to credit unions, has announced the CU Analytics Platform, a revolutionary Data Analytics Platform for the Credit Union Industry. 
 
The CU Analytics Platform is comprised of a network of credit unions interconnected through a common data platform (leveraging the CUFX standards) that is powered by OnApproach M360 data integration middleware. The CU Analytics Platform is a collaborative ecosystem that creates communities of users, data scientists and application developers to allow credit unions to capitalize on both little (structured) Data and Big (unstructured) Data. The CU Analytics Platform will enable several technologies that would not be possible without the collaboration of the industry, which will allow credit unions to reinvent themselves in order to remain competitive and relevant, such as:
 
  1. Insight Platform for Predictive Analytics - The M360 data integration middleware normalizes, encrypts, and transports data between credit unions and massive industry data pools to dramatically increase the accuracy of predictive models. The output of these models can be sent back to the respective credit unions where they are integrated into the M360 middleware to provide valuable insight for managers.  
  2. Big Data Technologies - The CU Analytics Platform will create the infrastructure necessary to power Big Data Technologies (such as Hadoop) for analytics on very large sets of data, both structured and unstructured.
  3. Blockchain - The CU Analytics Platform will also provide the foundational elements necessary to power the distributed database that maintains a continuously-growing list of records secured from tampering and revision - see http://www.culedger.com/
  4. Open Development Platform/Application Sharing - The CU Analytics Platform allows credit unions of all sizes and system configurations, as well as developers, to create and share analytic applications developed off of the common data platform.
 
"The financial services industry is on the cusp of complete disruption. Credit unions must transform their businesses in order to compete with the plethora of Fintech startups entering the industry. No single credit union can take on all of the challenges facing this industry by itself.  Collaboration is key and credit unions need to come together to form a common data platform with similar semantics - this has always been the biggest barrier to industry-wide innovation" said Paul Ablack, CEO, OnApproach. 
 
The Minnesota Item Processing Corporation (MnIPC), a wholly-owned subsidiary of the Minnesota Credit Union Network offers OnApproach solutions to clients in both hosted and service-bureau environments. For more information, contact MnCUN Director of Business Development Kris Jacobsen by email or by phone at (651) 288-5515 or toll free at (800) 477-1034.
 

Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034