Minneapolis, MN (September 15th, 2016) – OnApproach (www.onapproach.com), a leading provider of Big Data and Analytics solutions for credit unions, is pleased to announce American Eagle Financial Credit Union of Hartford, CT has signed an agreement to implement the OnApproach M360 Enterprise – A data integration and analytics platform for the credit union industry.
“We exist to serve our members and help them to make sound financial decisions. Our partnership with OnApproach and our use of their data solutions will allow us to provide proactive advice and guidance that is based on a holistic perspective of the members, which will ultimately improve our service to them.” said Jim Evans, Senior Vice President and CIO at American Eagle Financial Credit Union.
American Eagle Financial Credit Union (asset size: $1.45 Billion, core processor: FIS – Miser) was looking for a solution to integrate data from multiple sources in support of its efforts to build meaningful member relationships. Driven by an increasing number of product offerings and a widening variety of outsourced Application Service Providers and delivery channels (e.g. mobile), credit unions are facing the challenge of exponential data growth. The ability to integrate disparate data sources in order to capture value from data analytics is crucial and OnApproach M360 Enterprise will enable American Eagle Financial Credit Union to compete and thrive in an industry being constantly disrupted by FinTech Startups and outside competitors.
“We are thrilled to have the support of the Management team at American Eagle Financial Credit Union in choosing OnApproach M360 as their data integration platform for analytics. M360 is part of a collaborative Analytics Ecosystem that our CUSO is building to make this whole industry stronger. American Eagle is a great addition to the OnApproach ecosystem” Said Paul Ablack, CEO, OnApproach.
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.
About American Eagle Financial Credit Union
American Eagle Financial Credit Union is a full-service financial institution offering products and services to help members achieve their financial goals. American Eagle Financial is a not-for-profit cooperative that has served generations of members since 1935. American Eagle FCU is currently the largest community credit union in Connecticut with over 113,000 members and $1.4 billion dollars in assets. The Credit Union operates 17 branches in Central Connecticut. Deposits are federally insured by the National Credit Union Administration (NCUA).