Credit Unions

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“As a small community bank with limited staff, we rely on Compushare for the support needed to keep our network systems secure and operational.  Compushare’s team aspect is invaluable, utilizing their service desk and on-site support has enabled us to focus on what we do best – servicing our customers.”

Recent News

April 24th, 2012

This  investment will enhance Compushare’s capability to advance opportunities in the financial services industry, and promote opportunities for collaboration between the companies.

Migrate to the Cloud

Leverage a cloud-based application platform designed and built specifically for financial services organizations.

Cloud computing — or computing over the Internet — offers enormous benefits to credit unions. A credit union that migrates to the cloud can expect to see several benefits. However, a migration to the cloud can be very challenging for most organizations.  For financial institutions with legacy financial applications cloud computing can be near impossible. The Compushare Cloud Computing (C3) platform is a purpose-built financial services cloud where your legacy applications are already cloud-enabled; and as a result, your credit union can experience enormous benefits.

 

  • Cost Savings. One of the major benefits of cloud computing is that you can eliminate unnecessary capital expenditures and budget-destroying hardware refreshes.
  • Resiliency. Redundant systems in the cloud help create enterprise-wide availability, which is a tremendous benefit to credit unions.
  • Scalability. Take advantage of an affordable way to scale your IT operations as your organization grows or shrinks and your technology needs change.
  • Cloud Security. Centralized data storage with robust authentication and access controls provides a higher level of protection for sensitive data such as customer information. Plus standardization is a major benefit of cloud computing. Cloud security is the key to cloud compliance.
  • Accessibility. Having access to the latest data, systems and applications from any computer, anywhere any time of the day or night is the promise of cloud computing.  You no longer have to be limited by desperate client server environments.

Case Study: Baylor Health Care System CU

Problem
Baylor needed a prioritized list of Compliance tasks, and to implement a R&C program for the credit union prior to an exam later in the year.

Solution
After performing a one-time Risk Assessment we customized and prioritized a Risk and Compliance program that included BCAP, Tech P&P, Risk, Data, and GLBA Assurance programs to address regulatory compliance.

Result
The result is the Credit Union now has a formal Compliance program underway, reviewed and reported to the Board, and fully ready for the examiners.

Solutions