Plymouth, MN (January 7, 2014) – OnApproach (www.onapproach.com), a leading provider of reporting and analytics solutions for credit unions, is pleased to announced that Red Canoe Credit Union of Longview, Washington has signed an agreement to implement the OA Enterprise (powered by OnApproach M360™) Big Data/Analytics Solution.
OnApproach is building a Big Data/Analytics Ecosystem for credit unions that will allow them to gain efficiencies and take advantage of the full potential of their data. A key foundational element of this ecosystem is the OnApproach M360™ Enterprise Solution, a credit union industry standard big data/analytics platform, from which credit unions can gain new insights and make fact-based decisions to drive overall business performance.
Red Canoe was looking for a solution to integrate information from multiple sources in support of its efforts to build meaningful member relationships. Driven by an increasing number of product offerings and a widening variety of delivery channels (e.g. mobile), credit unions are facing the challenge of exponential member driven data growth. The ability to integrate disparate data sources into logical sets of connected data elements will enable credit unions to leverage critical information in delivering the right products and services to members at the right time and place.
Jeff Haverlack, Vice President, Information Technology at Red Canoe stated that “For many years we have been searching for opportunities to more completely integrate our core information with our ancillary systems to get better information to our employees. We selected OnApproach M360, because of its ability to integrate all of our data and the ability to share best practice reporting and analytic applications with other credit unions.”
Paul Ablack, CEO of OnApproach said we are thrilled to welcome Red Canoe as a client. They share our vision of: a common data platform, shared applications and industry loan pools. OnApproach M360 enables credit unions to fully leverage the potential of Big Data/Analytics.”
About Red Canoe Credit Union
In 1937, Red Canoe Credit Union was founded as Weyerhaeuser Timber Company Federal Credit Union in Longview, Washington. Our founders believed if they pooled their money together, they could provide more affordable financial services for everyone. Their vision became reality and for over 75 years, we've been providing affordable financial solutions for our members.
In 2007, the credit union charted a new course and changed their name to Red Canoe Credit Union. A name that tells our story of delivering a distinctly northwest style of banking. A name that reflects our commitment to being more caring, responsive and passionate about our member's dreams.
Jeff Haverlack, VP Information Technology
Red Canoe Credit Union
OnApproach is a CUSO that focuses on providing credit unions with the power to use data as a competitive advantage both independently and cooperatively. With OnApproach, credit unions can now harness the value of Big Data/Analytics through integration, advanced reporting, and predictive analytics. This deeper understanding of data allows credit unions to discover vital trends in member behavior, resulting in improved financial performance, reduced risk, and enriched relationships with members.
Paul Ablack, President/CEO