MONETT, Mo.—Jack Henry & Associates and Portland, Ore.-based CU Business Group have entered into an alliance the organizations said will provide more credit unions with the tools they need to increase net interest income, win more business, expand customer relationships, and improve profitability of member business loan relationships.
The Margin Maximizer Interactive, from Jack Henry's ProfitStars division, is a customizable online tool that enables credit unions to develop strategies to help ensure the greatest possible net interest income from member business loans and relationships, the company said. “Loan scenarios generated by the tool prioritize business member relationships and reflect their value as depositors. Rates are influenced by the size of the loan and the potential credit risk. This alliance creates a streamlined process for CUBG credit unions to strengthen their member business lending portfolios with MMi, pricing loans consistently across multiple variables to meet and exceed overall profitability objectives.”
CUBG is the largest business services CUSO in the country, currently serving more than 470 credit unions.