How do you know when it's time to bite the bullet and commit to a data processing conversion? While the specifics may vary by credit union, in general, the answer is when your old data processing system no longer does what you need it to.

Take stock of your current system

Before deciding that your old system will no longer cut it, you should first make sure this is actually the case. Talking things over with your current processor before switching can save you a lot of money and heartache. It's easy to lose track of every single enhancement from every single release over a period of years or decades. By reviewing your processor's functionality, you may find it already added a feature you so desperately need – and thought you didn't have. In short, make sure you understand exactly what you have now before you decide to go shopping.