Even when your credit union is well prepared, the core conversion process can be difficult. With more than 25 years of experience in the credit union core software industry, CUProdigy has learned all of the major pitfalls in this complicated process. The following infographic encourages credit unions to take ten simple steps leading up to their actual conversions. These simple preparations should help all credit unions, regardless of the specific core platform they select. The infographic is also available for free download in PDF form here.
We are all familiar with the phrase, “You get what you pay for.” In other words, the more you pay for something, the better the quality should be. But is it true?
The answer to that question is typically, yes. However, are there some situations where you can get a lot, for less than you thought? If you answered no, then please read on.
When it comes to purchasing a core platform for a credit union, the expenses are always going to be of concern. Not only does the solution need to be purchased, but the hardware (servers, work stations, etc.) requirements can sometimes be as much as the software.
At CUDP we set out to change this. We built our CUProdigy core solution from the ground up with the credit unions in mind, and here’s how:
So, let me ask the question again: are there some situations where you can get a lot for paying less? The answer is yes. Our core solution is here to reduce your costs while still providing a high quality product that provides all of the functionality you need at your credit union. How’s that for a good deal?
We’ve talked about blazing fast speeds before, and how they have become a necessity in today’s world. But what has the increased speed really brought us besides streaming movies and faster web browsing?
Two words: cloud computing. Record-breaking speeds have now allowed us to have virtual applications run on our computers through our web browser and Internet connection. Cloud computing opens the door to being able to run applications in our browsers without having to install a thing!
The possibilities are endless. Everything either is, or will be, in the cloud before we know it. CUProdigy, our web-based credit union management software, is no exception. We’ve built our software from the ground up with the option to be completely cloud-based, or to have it installed on an internal server at your credit union. Either way you take advantage of cloud computing in some form.
The advantages of cloud computing don’t end at just being able to access it through your browser. One of the most beneficial advantages is in recovery and backup. With our cloud-based solution your application exists outside of your branch without our temperature controlled environments. If your credit union goes down in flames (knock on wood), then your data and software is still safe. Backups are also processed on a regular basis, which provides an extra sense of safety.
Another big advantage is security. The “cloud” often has many people concerned about how secure their data will really be—our answer, very secure. Since we have many clients using our software in the cloud we are able to provide top-level support and security to each of them. With temperature and humidity controlled environments we ensure that your software is always running smoothly. CUDP also provides a high-level firewall and intrusion prevention to keep unwanted guests out.
With advantages like these it’s no wonder that 7 in 10 businesses are using cloud services and moving their data to the cloud. With CUDProdigy we make transitioning your credit union software to the cloud a simple and pain-free process. Cloud computing is the way of the future, and getting there with your credit union is as easy as that!
The future is mobile. The evidence of this surrounds us.
Think about it, have you ever been in a public place and not seen at least one person’s eyes glued to their cell phone? Our culture has developed in such a way that these mobile devices are a requirement for living, and they have found their way into every aspect of our lives—including managing our finances.
We make it very easy for customers to connect to their personal account while on the go (making you yet another person that is glued to their phone!). There are many services that allow the experience to be pleasant and productive for the end user. Real-time updates, ease of use, and after hours access to your personal credit union account are all part of the appeal of going mobile and accessing your system remotely from your phone, tablet, or computer.
Keeping track of spending and account balances is easier than ever, and being able to manage them anytime and anyplace has become an expectation for credit union members. E-statements and SMS texts from your credit union can save you from getting hit with a late fee, or even save you a trip to your local branch.
You’ll also never forget to pay a bill with bill pay reminders. Scheduling automatic payments and managing existing payments is right at the your fingertips. Long gone are the days of those old paper statements and late fees; however, there is still quite a bit of concern about the security of Internet banking and mobile credit union management. You can rest assured that with CUDP’s cutting edge technology managing your member account is easy, safe and convenient. Mobile banking is here.
Nowadays we’re all about SPEED! We all want to have the fastest car, fastest pizza delivery guy, and of course, the fastest technology. However, technology is where the lines blur, and sometimes we feel like speed is a need rather than a want.
We feel like we need the newest processor in our computers, tablets and now our cell phones as we eagerly await 5G data speed. While browsing the Internet we have adopted the same expectation. Will it ever stop? Moore’s Law states that the number of transistors in computers processors will double every two years. Moore’s Law has been correct as we continue to want and expect speed everywhere we go, but all of this comes at a price as this kind of rapidly processing technology requires an even bigger tunnel to pass data. (more…)
CUProdigy is in the unique position to help Credit Unions ‘Advance Beyond’ by providing a core processing platform that puts the member experience first. CUProdigy empowers credit unions with a comprehensive solution that is both robust and scalable.