Alabama Corporate Credit Union Brings Analytics to its Members
CACU members will have access to products including deposit, fair lending, customer/marketing, peer and application analytics.
Irondale, Ala.-based Corporate America Credit Union and Salt Lake City-based Visible Equity joined forces to offer CACU’s members a current expected credit loss solution through Visible Equity’s analytics software.
The corporate credit union did extensive research on partners, “We know without robust, solid data analytics you can’t implement the most effective CECL process. Visible Equity’s software is top of the line and we know our members will benefit,” Trey Rudder, vice president of strategic balance sheet management said. He added, CACU, with almost 500 members, wanted the best option for its connections.
CACU members have access to all Visible Equity’s products including deposit, fair lending, customer/marketing, peer and application analytics.
With over 725 existing credit union clients, Visible Equity said it has many others products useful to financial institution and strives to make the analytics process as simple as possible. “Our clients view us as an extension of their team. We work closely with each institution to ensure that data is implemented quickly and accurately and provides them with the tools and insight to effectively identify, measure and manage the risk in their loan portfolio,” Derrick Wiemer, chief information officer/COO, said.