#it integrations

Lending is the primary revenue generator in a credit union. To be an expert at generating this revenue, lenders have the following needs and more:

A loan origination system that works seamlessly for the member

Smooth handoffs throughout the lending process to underwriters, processors, and funders

Ability to monitor and act on delinquencies

Ability to track the loan pipeline and learn about loans…

Core Integrations Like Solving Cancer?

Although this may seem like an exaggeration, it is extremely hard and costly for a vendor to connect to the core provider. Credit unions are also frustrated by these challenges because they prevent or at best slow down the credit union’s ability to provide their members the best products, services or applications. This slowing down adversely impacts the credit union’s efforts to stay relevant in…

Negotiate for Cheaper/Faster Core Integrations

The efficiencies and speed to market are realized when credit unions, core providers and vendors agree to a standard for integrations. Most credit unions have their focus on expense control and organizational efficiencies. Also vendors and core providers know any operating efficiencies credit unions realize will result in more sales and faster implementations of products and services. Faster…

Integrations Standard – The Time Has Come

Fifty-four third party integrations to core; what does this number mean? This number represents:

54 separate IT projects that include hours upon hours of IT resources

54 separate contacts for professional services and the related costs

54 different technologies that may have to be updated or tested with every core or system update

54 times IT added another significant, time consuming project to…

Its no secret, credit unions are spending millions of dollars every year integrating technologies. These integrations happen vendor to core and vendor to vendor. It seems an unavoidable cost of doing business. But is it?

The CUNA Technology Council launched a cooperative initiative with council members and credit union vendors to solve this expensive problem. This initiative is called Credit…

Lending is the primary revenue generator in a credit union. To be expert at generating this revenue, lenders have the following needs and more:

A loan origination system that works seamlessly for the member

Easy handoffs throughout the lending process to underwriters, processors and funders

Ability to monitor and act on delinquencies

Ability to monitor the loan pipeline and learn about loans…