LEWISTON, Idaho–Poltach No. 1 FCU here has selected OnApproach for its data integration and analytics platform, M360 Enterprise.
"Prior to a thorough revisit of OnApproach's solution, we were prepared and almost fully committed to building our own system for data analytics. Our decision to utilize M360 will not only save significant time, money and countless headaches, but will quickly launch us into predictive analytics. We are very excited to start leveraging the M360 platform and the broader ecosystem it enables," said Chris Loseth, CEO, P1FCU.
For more than 78 years, the $887-million P1FCU, which runs the D+H – Ultradata core, has had a mission to improve the financial lives of its members. Recently, P1FCU has been challenged by exponential data growth due to a rapidly increasing number of delivery channels and product offerings. Data silos contain valuable information, but credit unions generally are not able to easily integrate these sources and unlock the value within, which is necessary for enterprise analytics, OnApproach said.
P1FCU was prepared to build out their own custom solution, but ultimately realized the value in enterprise analytics and collaborating with the rest of the industry. At a time of unprecedented industry-wide disruption facing retail financial services, the implementation of OnApproach M360 Enterprise will put P1FCU in a position to compete and build and maintain strong relationships with members for years to come, according to the company.
"We are excited to have the support of the Management team at P1FCU in choosing OnApproach M360 as their data integration platform for analytics. Our CUSO exists to strengthen the whole industry, and with the addition of P1FCU, the ecosystem continues to grow and provide improved opportunities for advanced analytics to credit unions,” said Paul Ablack, CEO, OnApproach.