In my thirty years of forming credit union collaborations, I have come to see common lessons, especially in multiply owned CUSOs providing one or more back office operational services. I examine twelve of those lessons in these types of CUSOs. (more…)
Register now and book rooms for the 2020 NACUSO Network Conference to be held at the Disney Yacht & Beach Club in Lake Buena Vista, Florida. Rooms are available for $245 per night until March 27th! More details are available on our conference website at https://www.nacusonetwork.com.… Read more
The 7th annual Next Big Idea winner is Zogo Finance. Bolun Li, Founder of Zogo began his presentation by asking the attendees to raise their hand if they had teenagers, now or in the past. And then he did an amazing job explaining to a room full of parents how his product can both educate and motivate teenagers. A daunting task to be sure. Zogo received 55% of the audience’s votes to claim the victory. Click here for photos and to watch his post-victory interview with Mike Lawson, CUbroadcast.
Click here to see photos and read about who the winners of this year’s CUSO of the Year and New CUSO of the Year Awards were.
For those credit unions looking to take their business continuity program to the next level, including key vendors and service providers in recovery testing and exercises is a win-win scenario. That was the experience for the team at Alpena Alcona Area Credit Union (located in Alpena, MI) when they partnered with CUSO and core processor, CU*Answers, to conduct a disaster recovery tabletop exercise.
With the participation of business unit leaders and branch managers, the simulated scenario involved a severe winter storm resulting in power and data communications outages at select branch locations with conditional injects at 15-minute intervals. “Understanding the capacity of the credit union to continue serving our members as conditions change is instrumental in enabling us to ask the right questions, anticipate the needs, and identify solutions in advance,” said Angie Szatkowski, Chief Operations Officer for Alpena Alcona Area. “By engaging our core processor, the team was exposed to a fresh perspective for preparing and responding to the situation, as well as leveraging online channels for reaching the members where they are, even during northern Michigan winter storms.”… Read more
Constellation Digital Partners has reached a new milestone with the announcement of its 100thdevelopment partner. With credit unions preparing to go live with Constellation, the 100th development partner milestone is remarkable due to the vast array of services that will be made available to credit unions. Meaning, the more registered development partners there are on the platform, the more activity there is surrounding active projects and services being built.
The Constellation Digital Platform allows development partners to create new services, test them and ultimately submit them for certification upon completion. Multiple developers can be working simultaneously on the platform to deliver solutions to credit unions. Constellation has formed very solid, collaborative partnerships among fintech partners and credit unions. Today there are more than 250 individual developers working on projects within the developer portal to provide a wide array of additional services to credit unions, and eventually, credit union members.
“Our goal is to continue building out our development partnerships, while we also focus on supporting developers that are actively developing services within the platform,” says Constellation Developer Evangelist Daryl Thornton. “What’s amazing about the Constellation platform is that we have development efforts coming from both our fintech partners, as well as credit unions that know firsthand what members want and need from a digital banking standpoint.”