Late 2012 brought Hurricane Sandy to the shores of the east coast. This catastrophe made a huge impact on the New York area, causing people to lose power for days. Another consequence of this outage was the effect on the credit union branches in the area. Many members lost access to their accounts, and more than 14,000 did not get their usual paycheck deposits in time to pay bills. Truth is, these disasters can strike anytime, which is why it’s vital to be prepared.
Robert McGarvey of the Credit Union Times stated shortly after Hurricane Sandy that “every credit union needs a disaster recovery plan.” We couldn’t agree more, which is why disaster recovery is something that has been our focus from the very beginning. When we started developing our latest core processing software, we did it with the mindset that disasters are always an unexpected event, so the only way to be fully prepared is with an adequate disaster recovery system.
We knew that a DR system needed to be reliable, yet realistic in the face of disaster. Our CUProdigy system provides access to CU information within 45 minutes from any computer that can get an Internet connection. Once connected, every keystroke is replicated in five locations in real time. Between these backup sites, at least one location is more than 100 miles from the credit union, ensuring the safety and protection of your information.
To us, providing this type of reliability and dependability in a core solution is the only way to protect your credit union from those unexpected events. In the event that your credit union is disrupted, you and your members can rest assure as they can continue to make transfers, receive direct deposit, or make a change to their account. Since all of our backups are accessed through the browser, setting up a temporary teller station at a secure location is quick and easy. This type of security is what builds trust to members.
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?
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.